Author
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Business Advisory Team
For most startups in Nigeria, the fragmented tax regime of previous years led to high compliance costs, operational uncertainty, and complex reporting requirements. The new tax reform Acts seeks to address these challenges by consolidating various tax codes into a unified and coherent tax framework. This consolidation provides startups and small businesses with clearer visibility into their tax obligations and reduces the occurrence of arbitrary or duplicative levies, particularly from local authorities.
The introduction of the “NTA 2025” and “NTAA 2025” represents an effort to streamline tax processes, promote compliance, and enhance the ease of doing business. This paper analyzes the structure and implications of these Acts, with a focus on their practical impact on entrepreneurial and small-scale businesses.
