Nigeria: Corporate Tax

Nigeria's new tax regime introduces critical compliance requirements for incorporated companies that have not yet commenced business operations. The Nigeria Tax Act 2025 and Nigeria Tax Administration Act 2025, effective January 1, 2026, reshape the framework for corporate taxation and administration, raising important questions about filing obligations for shelf companies and non-operational entities.

TotalEnergies and AMNI have taken the Final Investment Decision on Nigeria's Ima Gas Project, a development 53 years in the making that will supply critical feed gas to Nigeria LNG's Train 7 expansion. Between FID and first gas in 2028, the project faces complex legal obligations spanning financing conditions, gas sales agreements, construction contracts, Nigerian content compliance, host community trusts, flaring regulations, and tax incentives that must all hold up in practice.

Nigeria's 2025 Tax Reform Acts introduce sweeping changes for non-residents, foreign investors, and expatriates operating in or deriving income from Nigeria. From expanded Permanent Establishment rules and Significant Economic Presence thresholds to mandatory VAT registration for offshore suppliers and Capital Gains Tax on indirect share transfers, the new framework fundamentally reshapes cross-border tax obligations. Understanding these provisions and taking proactive compliance steps is now essential for

Nigeria's Revenue Service has issued comprehensive guidelines establishing the first administrative framework for taxing virtual assets, clarifying how existing tax laws apply to cryptocurrencies...

A major innovation introduced by the Nigeria Tax Act (the “NTA”) is the 15% Minimum Effective Tax Rate (the “METR”), which represents a fundamental shift in Nigeria’s corporate tax framework. The METR is intended to guarantee that companies of significant economic scale bear a minimum tax burden, notwithstanding the availability of incentives, exemptions, or reliefs.

Nigeria's Revenue Service has initiated compliance monitoring for large taxpayers as part of the National E-invoicing and Electronic Fiscal System implementation. This development marks a significant step in the country's tax administration modernization efforts, requiring affected businesses to ensure their systems and processes align with the new electronic invoicing requirements.

Months after its enactment in 2025, the Nigeria tax reform laws continue to generate significant public interest with many taxpayers still uncertain about how the changes affect them in practical terms.

The Federal Government of Nigeria has introduced sweeping changes to the country's import tariff structure and excise regime through the 2026 Fiscal Policy Measures, effective from April and July 2026. These reforms, implemented under Nigeria's commitments to the ECOWAS Common External Tariff and the African Continental Free Trade Area, include a revised schedule of 127 tariff lines affecting food products, industrial inputs, and capital equipment, alongside new excise duties and green tax surcharges design

Oil and gas remains a principal source of federally collected revenue in Nigeria. On 13 February 2026, President Bola Ahmed Tinubu signed the Presidential Executive Order to Safeguard Federation Oil...