Nigeria Introduces New Presumptive Tax Framework

Nigeria's Ministry of Finance has announced the signing of regulations for a new presumptive tax framework on 4 March 2026, including an exemption from tax for nano and small businesses with annual turnover of NGN 12 million and a 1% tax on turnover for other eligible informal sector businesses.

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The Minister of Finance Signs Presumptive Tax Regulations Framework

The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun today in his office signed the P…