Article
Tax Reform: Key Provisions Of The Nigerian Presumptive Tax Regulations 2026
Nigeria's new Presumptive Tax Regulations establish a simplified tax framework for informal sector businesses and individuals whose income cannot be accurately determined through standard assessment methods. The regulations introduce a 1% turnover-based tax system with specific exemptions for nano businesses, while also implementing a 2% capital gains tax on asset disposals.
Udo Udoma & Belo-Osagie