Nigeria’s New Tax Regime: What You Need to Know (Finance Act 2025)
At Akinyele Oluwale & Co., we are committed to keeping our clients informed about the latest regulatory changes affecting businesses and individuals in Nigeria.
The Finance Act 2025 represents one of the most significant tax reforms in Nigeria in recent years. Signed into law to simplify the tax system, reduce multiple taxation, and improve ease of doing business, the Act introduces several key changes:
Major Highlights:
Company Income Tax (CIT) reduced to 25% for large companies (from 30%).
Tertiary Education Tax significantly reduced from 2% to 0.5%.
- Strengthened rules against multiple taxation across federal, state, and local governments.
- Expanded scope of Value Added Tax (VAT) on digital services and luxury goods.
- Higher exemption thresholds for Capital Gains Tax and Personal Income Tax.
- Mandatory digital compliance through the new Rev360 platform.
New Tax Portal – Rev360
The Federal Inland Revenue Service (FIRS) has launched Rev360 (www.rev360.gov.ng), a unified digital platform for all federal tax filings and payments. This new system makes tax compliance easier, faster, and more transparent.
Our Advisory
These reforms present both opportunities and compliance requirements for businesses. Early adaptation will help you avoid penalties and optimize your tax position.
This course is designed to equip you with the fundamental principles of Forex trading, ensuring that you have a solid understanding of the key concepts and strategies involved in this dynamic financial market.
Throughout the course, you will learn about:
1) Various factors that influence currency exchange rates
2) Economic indicators
3) Geopolitical events, and
4) Market sentiment.
In addition to theoretical knowledge, this course will provide practical demonstrations of the trading process using various platforms. These platforms are widely recognized for there popularity among traders due to there intuitive and user-friendly interface, which makes it accessible for both beginners and experienced traders alike. You will gain hands-on experience navigating these platforms, placing trades, and utilizing its advanced features, such as technical analysis tools and customizable charts.
By the end of the course, you will not only have a comprehensive understanding of Forex trading principles but also the practical skills needed to execute trades confidently on various platforms. Whether you are looking to start your trading journey or enhance your existing skills, this course will provide you with the knowledge and tools necessary to succeed in the Forex market.
