Key highlights from Nigeria’s 2025 tax reform agenda

Why this matters now

Finance leaders in Nigeria are balancing day-to-day compliance with a shifting policy landscape. Tax reform discussions affect how you provision for corporate tax, document transfer pricing, and communicate with boards and investors.

This briefing summarises themes we are seeing with clients—not formal tax advice. Confirm positions with your KACERTIFIEX adviser or engagement letter before filing or restructuring.

Corporate tax and compliance posture

Companies should refresh CIT computations against current rates and incentives applicable to their sector. Where group structures exist, align intercompany policies with documentation FIRS may request in a review.

SMEs should separate personal and business flows, maintain reliable books, and file on time even when cash is tight—penalties and interest compound quickly.

Indirect tax and payroll

VAT and WHT processes should be reconciled monthly: output vs input VAT, WHT credits, and schedules supporting remittances. PAYE across states needs consistent employee data and timely remittance to the relevant State Internal Revenue Service.

Use the Tax Intelligence Centre calendar as a planning aid, then validate dates against your accounting year-end and state rules.

Practical next steps

Run a 90-day compliance health check: filings, open assessments, and pending refunds.

Brief your board on reform scenarios and cash impact.

Book a tax planning session if you are entering a transaction, restructuring, or expanding across states.