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Taxation is one of the major sources of revenue for any government.

With elections looming and the need to deliver on earlier campaign promises, there is renewed revenue generation drive by all tiers of government.

With the Nigerian Tax Reform Acts now in full effect for 2026, Nigerians are now operating under a tax framework designed to reduce burdens, encourage compliance, and support economic growth.

On 31 December, 2021, President Muhammadu Buhari signed the Finance Bill, 2021 (now the Finance Act, 2021) into law. The principal aim of the Finance Act, 2021 ("the FA")...

In this article, we examine some of the changes introduced to Nigeria's tax regime by the Finance Act.

Nigeria is obliged to pay 2% of its assessable profit as Education Tax.

Nigeria’s tax landscape has undergone a fundamental shift with the enactment of the Nigeria Tax Act, 2025 (“NTA”), which took effect on 1st January, 2026. For the first time, the country’s core federal tax laws have been consolidated into a single and unified framework. For dealmakers, this is more than a legislative clean-up; it also changes how transactions are structured, priced, and executed.

Tax liability attaches to the assets and incomes belonging to or accruing to persons which may, within the context, include natural and corporate persons under the laws in force in Nigeria.

Recent advancements in industrial value creation have accelerated, leading to the digitalization of individual and industrial products through blockchain technology.

Consistent with a pattern of enacting an annual Finance Act, President Muhammadu Buhari on 31st December 2021 signed the Finance Act 2021 ("FA21") which took effect from 1st January 2022.

Operating a business in Nigeria entails more than the delivery of quality goods or services; it also demands strict adherence to applicable tax laws and regulations.

Tax compliance is about complying with the tax laws and regulations outlined by government entities, ensuring timely and accurate reporting and payment of taxes.

Restructuring is a common strategic tool deployed by businesses globally to improve operational efficiency, enhance competitiveness, or respond to financial, market, and regulatory developments.

The UUBO Tax Trends is a bi-annual newsletter that provides an overview of significant events in the Nigerian tax landscape. This edition offers insights on domestic and international tax developments that impacted taxpayers from January to June 2023.

Taxation as a crucial fiscal policy measure is a factual tool for social economic development, which has been adopted by various countries around the world to improve their economic goals.

On June 26, 2025, President Bola Ahmed Tinubu signed into law four transformative pieces of tax legislation;

The world like they say, has become a digital village. Processes have evolved following technological interventions; people have adapted to new ways of doing things.