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.
The cryptocurrency market is entering a high-stakes week with multiple regulatory and institutional developments that could significantly influence sentiment, prices, and long-term adoption. From potential landmark legislation to major infrastructure launches, here’s what investors should watch between July 13 and 17.
The CLARITY Act (Digital Asset Market Clarity Act) represents one of the most important pieces of U.S. crypto legislation in years. It seeks to clearly define regulatory responsibilities between the CFTC (commodities) and SEC (securities), providing much-needed certainty for digital assets.
Why it matters:
This vote, if scheduled, would be closely monitored globally, as U.S. policy often sets the tone for other jurisdictions, including emerging markets like Nigeria.
The Depository Trust & Clearing Corporation (DTCC)—which handles trillions in securities settlement— is teaming up with Ripple for the launch of Ripple Prime. This initiative focuses on tokenized assets, efficient cross-border settlement, and institutional-grade infrastructure.
Implications:
This launch could accelerate adoption of Ripple’s technology and boost confidence in regulated stablecoins and tokenized products.
Lawmakers will discuss the potential impact of the CLARITY Act on markets, innovation, and investor protection. Hearings like this often provide valuable insights into bipartisan support and potential amendments.
Key Takeaways to Watch:
These events come at a time of increasing institutional interest, with Bitcoin and Ethereum ETFs already live in the U.S., and other jurisdictions (e.g., Japan advancing its own crypto frameworks) moving forward. For Nigerian investors, positive U.S. developments could improve global liquidity, ease remittance costs via stablecoins, and support local crypto adoption amid economic reforms.
Potential Market Impact:
Investment Considerations:
At Akinyele Oluwale & Co Investment Ltd, we continue to track these developments closely to provide timely insights for our clients. This week could mark another step toward mainstream integration of digital assets.
