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
TaxHQ Team
Expert tax content based on Nigeria Tax Act 2025 and insights from leading Nigerian tax professionals.