TaxHQ Blog
Expert insights on Nigerian tax law, compliance tips, and guides to help you navigate the Nigeria Tax Act 2025.
Featured Articles
Nigeria Tax Act 2025: The Complete Guide to What Changed
Everything you need to know about the Nigeria Tax Act 2025 - from the new 0% bracket for minimum wage earners to simplified CRA calculations.
The ₦5 Million Penalty: Why Vendor TIN Verification is Now Critical
Under the new tax administration rules, contracting with unregistered vendors can cost you ₦5 million per transaction. Here's how to stay compliant.
37 articles
Nigeria Tax Act 2025: The Complete Guide to What Changed
Everything you need to know about the Nigeria Tax Act 2025 - from the new 0% bracket for minimum wage earners to simplified CRA calculations.
The ₦5 Million Penalty: Why Vendor TIN Verification is Now Critical
Under the new tax administration rules, contracting with unregistered vendors can cost you ₦5 million per transaction. Here's how to stay compliant.
Zero Tax for Minimum Wage Earners: How the 0% Bracket Works
If you earn ₦800,000 or less annually, you now pay no income tax. Here's exactly how it works and who qualifies.
0% Corporate Tax for Small Companies: What Qualifies
Companies with turnover under ₦50 million are now exempt from Corporate Income Tax. Here's how to qualify and what it means for your business.
VAT Input Credits on Services: The Hidden Win in Tax Reform
Previously, you could only claim input VAT on goods. Now services and capital assets qualify too. Here's how to maximize this benefit.
State Tax Filing: A Guide to Lagos, Rivers, Kano, and More
Personal income tax is filed at the state level. Here's how to navigate LIRS, RIRS, KIRS, and other state revenue services.
Withholding Tax in Nigeria: Rates, Rules, and Remittance
WHT rates range from 2.5% to 10% depending on the payment type. Here's a complete guide to when and how to deduct and remit.
Freelancer Tax Guide: What Self-Employed Nigerians Must Know
Freelancers and gig workers have the same tax obligations as employees - but with more responsibility. Here's your complete guide.
How Rental Income is Taxed in Nigeria
Own property you rent out? Here's how rental income tax works, including allowable deductions and filing requirements.
Capital Gains Tax in Nigeria: What's Taxed at 10%
Selling property, shares, or other assets? Capital gains are taxed at 10% - but there are exemptions. Here's the complete guide.
How to Get Your Tax Clearance Certificate (TCC)
Need a TCC for contracts, loans, or official purposes? Here's the step-by-step process for Lagos, FCT, and other states.
Employer's Guide to Payroll Tax Compliance in Nigeria
Running payroll? Here's everything you need to know about PAYE, pension, NHF, NSITF, and ITF obligations.
10 Legal Tax Planning Strategies for 2026
Minimize your tax legally with these strategies that take advantage of the new tax rules.
Understanding Your Nigerian Payslip: Every Deduction Explained
Confused by the deductions on your payslip? Here's a line-by-line explanation of PAYE, pension, NHF, and more.
FACT CHECK: Will All Your Bank Transfers Be Taxed? What the Law Actually Says
The WhatsApp forwards are wrong. Here's the truth about the so-called 'bank transfer tax' and what the Nigeria Tax Act 2025 actually says about electronic transactions.
FACT CHECK: Will Your Bank Account Be Blocked Without a TIN?
Another WhatsApp myth debunked. Here's the truth about TIN requirements and what happens if you don't have one.
FACT CHECK: Can Government Auto-Debit Your Bank Account for Tax?
The scary message about government taking money directly from your account is false. Here's what the law actually allows.
FACT CHECK: Is Everyone Paying 20% Tax Now? Understanding the Real Rates
No, the tax rate isn't 20% for everyone. In fact, most Nigerians pay LESS tax under the new law. Here's the truth about tax brackets.
Plain English Guide: What the Nigeria Tax Act 2025 Actually Means for You
Forget the legal jargon and WhatsApp forwards. Here's what the new tax law means in plain language for everyday Nigerians.
KPMG Identifies Errors, Gaps, and Inconsistencies in Nigeria's New Tax Laws
Global accounting firm KPMG has released a professional review of Nigeria's new tax legislation, identifying 22 areas of concern including errors, inconsistencies, and unclear provisions that could affect businesses and individuals.
5 Systems Every New Business Owner Must Have (Before It's Too Late)
Hustle can start a business, but only systems keep it alive. Here are the five essential systems every Nigerian entrepreneur needs—and how to build them from day one.
5 Cash Flow Systems Eko Traders Use to Avoid Business Failure
Lagos market traders have perfected cash flow management through generations of experience. Here are the five systems that keep their businesses alive—and how you can apply them.
Revenue vs Profit: The Difference That Saves (or Kills) Your Business
Spending your revenue like it's profit is the fastest way to kill your business. Here's how to understand—and separate—the two numbers that matter most.
5 Decisions Every New Business Owner Must Make Early (Before Problems Start)
These five decisions seem small at the start but become massive problems if delayed. Make them early, save yourself years of headaches.
Hard Work Isn't Enough: Why Your Business Falls Apart When You Rest
You work 16-hour days but your business still struggles when you take a break. The problem isn't effort—it's the absence of systems.
If You Don't Write It Down, You Can't Control It
You think you know your numbers. But knowing isn't the same as recording. Here's why most business problems are actually visibility problems.
If Your Business Can't Stand On Its Own, It's Not Yet a Business
Your business survives because you keep putting your personal money into it. That's not investment—that's life support.
How to Create SOPs for Your Business (Even as a One-Person Operation)
You don't need a big team to need SOPs. If your business involves sales, customers, payments, or delivery—you need SOPs.
3 Things You Must Track Daily (Or Your Money Will Move Anyhow)
If you're not tracking these three things, your money is moving without direction.
Savings vs Investment: When to Use Your Business Savings for Stock
You saved money and now want to use it for restocking. Is that going backwards? Here's how to think about it.
3 Things That Make Customers Leave (And Never Come Back)
Product quality isn't enough to keep customers. If you're not doing these three things, your customers are already looking elsewhere.
5 Mistakes New Business Owners Make With Capital
Capital isn't your enemy. Misusing it is. Here are the five capital mistakes that drain new businesses dry.
3 Things That Make Your Business Move Slowly (And How to Fix Them)
It's not hustle that makes your business move. It's planning, cash control, and knowing what brings real profit.
What Alaba Market Taught Me: If You Don't Know How the Market Works, It Will Use You
A first-time visit to Alaba Market turned into an expensive lesson about business, trust, and knowing the rules before you play.
5 Questions Every Business Owner Should Ask Their Customers
Your customers know things about your business that you don't. These five questions unlock insights that can transform your sales.
5 Things You Must Document in Your Business (Or Watch It Fall Apart)
Keeping everything in your head feels efficient until mistakes repeat, money disappears, and your business becomes fragile. Here's what to document.
Do You Actually Know How Much Profit You Make? (Most Business Owners Don't)
Sales are coming in. Customers keep buying. But can you point to your actual profit? If you can't, your business is gambling.
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