
Taxes
Nigeria Still Has 7.5% VAT. So Why Do Some Things Have No VAT?
When Nigerians hear that Value Added Tax is charged at 7.5%, it is easy to assume that the rate applies to everything we buy or pay for.
Practical explanations for earning, working, and paying taxes in Nigeria—without the legal maze.
Latest guidance
30 articles

Taxes
When Nigerians hear that Value Added Tax is charged at 7.5%, it is easy to assume that the rate applies to everything we buy or pay for.

Personal Income Taxes (PIT)
There is a common assumption around filing taxes: once you submit your tax return, the government will simply calculate what you owe and remove the money from your bank account. That is not how the process should be understood.

Taxes
Every month, an employer pays salaries and deducts PAYE from employees’ income.

Personal Income Taxes (PIT)
There is a common assumption that if you do not have any tax to pay, there is nothing else you need to do.

Personal Income Taxes (PIT)
For years, one of the assumptions around tax has been simple: if money does not pass through a bank account, it is harder for the tax authority to know about it. That assumption is becoming less reliable.

Company Taxes
Buying business assets can come with tax benefits, but those benefits depend on meeting the rules. For freelancers, agencies and other businesses, poor tax compliance or incomplete records can create problems when claiming capital allowances. Here’s what the 2026 tax framework means for your business.

Legislation
Nigeria’s tax system is becoming more digital, and the next stage of the reforms could involve more information being shared across government agencies. That may sound like an issue for large companies, but freelancers have reasons to pay attention too.

Taxes
Nigeria is collecting more tax. More people are also filing.

Taxes
Recent performance metrics released by the Lagos State Internal Revenue Service reveal that overall tax revenue collections surged 29 per cent in the first half of the year compared to the same period previously.