
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.
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54 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.

Taxes
Paying your tax late is about to work a little differently.

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.

Personal Income Taxes (PIT)
“Gift.” “Family support.” “Loan repayment.” These are common descriptions people use when sending money through their bank accounts.

Taxes
One of the less discussed changes under Nigeria’s new personal income tax framework is the removal of the Consolidated Relief Allowance (CRA) and its replacement with a targeted rent relief.