FULL TEXT ON THE NIGERIA TAX ACT 2025: A CRITICAL EXAMINATION OF CONSOLIDATION, IMPLEMENTATION CHALLENGES, AND INSTITUTIONAL IDENTITY CRISIS BY Alliance for Economic Research and Ethics LTD/GTE
THE NIGERIA TAX ACT 2025: A CRITICAL EXAMINATION OF CONSOLIDATION, IMPLEMENTATION CHALLENGES, AND INSTITUTIONAL IDENTITY CRISIS. Abstract The Nigeria Tax Act (NTA) 2025 is the most significant legislative change to the Nigerian income tax environment since the return to democracy. By consolidating an array of statutes - inclusive of the Companies Income Tax Act (CITA), Capital Gains Tax Act, and various other state levies - to make it less complex for compliance, the NTA 2025 represents an attempt to modernize revenue administration. Central to the government metrics (NTA 2025) is the 'Single-Digit Ambition', a policy goal that will ultimately look to convert the multitude of taxes into a manageable number of taxes, in order to improve 'ease of doing business' metrics. Additionally, the NTA 2025 brings Nigeria in-line with OECD norms, through the OECD Pillar Two framework, by providing for a minimum effective tax rate (ETR) of 15% for large businesses. This article ...