TaxHQ Launches First Complete Nigeria Tax Act 2025 Calculator

TaxHQ Launches First Complete Nigeria Tax Act 2025 Calculator

Lagos, Nigeria - January 15, 2026

TaxHQ, Nigeria's leading tax technology platform, today announced the launch of the first complete implementation of the Nigeria Tax Act 2025 (NTA 2025) calculators. The platform now fully supports all major tax reforms that took effect on January 1, 2026.

What's New

Personal Income Tax (PIT) Calculator

The updated PIT calculator includes:

• **New 0% tax bracket** for the first ₦800,000 of annual income
• **Simplified progressive rates** from 15% to 25% for higher earners
• **Consolidated Relief Allowance (CRA)** calculations with the new formula
• **Real-time payslip generation** showing gross-to-net breakdown

VAT Calculator

Enhanced VAT features now include:

• **₦25 million threshold tracking** for small business exemptions
• **Input VAT credits on services** (newly allowed under NTA 2025)
• **Automated VAT return generation** for FIRS submission

Capital Gains Tax (CGT) Calculator

New CGT tools feature:

• **₦150 million annual sales exemption** tracking
• **₦10 million per-disposal gain limit** monitoring
• **Reinvestment relief calculator** for 12-month deferrals
• **Cost basis reset option** for pre-2026 assets

Why It Matters

"The Nigeria Tax Act 2025 is the most significant tax reform in decades," said the TaxHQ team. "We built these calculators to help Nigerians understand exactly how the new rules affect them—whether they're minimum wage earners who now pay 0% tax, or business owners navigating new thresholds."

Key Benefits for Users

1. Employees: See your exact take-home pay under the new rates

2. Freelancers: Calculate self-employment taxes with proper deductions

3. SME Owners: Track VAT thresholds and CIT exemptions

4. Investors: Monitor CGT exemption limits in real-time

Free for All Nigerians

All TaxHQ calculators remain free to use with no registration required. Premium features for businesses include:

• Automated bookkeeping with bank imports
• Invoice generation with VAT
• FIRS form auto-population
• Tax Autopilot for forgotten deductions

Try the New Calculators

Visit taxhq.ng/calculator/pit to try the updated Personal Income Tax calculator, or explore all tools at taxhq.ng.

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About TaxHQ

TaxHQ is Nigeria's leading tax technology platform, providing free calculators, automated bookkeeping, and compliance tools for individuals and businesses. Built by CM & Co Solutions Ltd, TaxHQ serves thousands of users across Nigeria.

Media Contact

press@taxhq.ng