On 26 June 2025, Nigerian President Bola Tinubu signed the Nigeria Tax Act 2025, the Nigeria Revenue Service (Establishment) Act 2025, the Nigeria Tax Administration Act 2025, and the Joint Revenue Board (Establishment) Act into law. Some of the main measures are summarized as follows:
- New personal income tax brackets/rates are introduced:
- first NGN 800,000 - 0%
- next NGN 2,200,000 - 15%
- next NGN 9,000,000 - 18%
- next NGN 13,000,000 - 21%
- next NGN 25,000,000 - 23%
- above NGN 50,000,000 - 25%