27/06/2025
🚨 BREAKING: Tinubu don sign new Tax Reform Bill into law
See wetin e mean for Nigerians 👇
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Tweet 2:
📌 FIRS don change name to NRS – Nigeria Revenue Service.
From now, na NRS go collect all federal taxes, even the ones Customs, NPA, NIMASA & NUPRC dey collect before.
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Tweet 3:
💼 If you dey earn ₦800k or less yearly, you no go pay tax again.
✅ No salary cut
✅ Full exemption
Example:
₦60k × 12 = ₦720k → No tax!
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Tweet 4:
💸 If you dey earn ₦50 million+ per year, na you go pay 25% personal tax.
Na only rich people this one concern.
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Tweet 5:
👨🏾🔧 Small business owners no go pay income tax again.
If you run salon, mechanic, akara biz or tailoring – you dey free!
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Tweet 6:
🏭 From 2026, company income tax go reduce:
➡️ From 30%
➡️ To 25%
Big and medium businesses go save more.
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Tweet 7:
🥖 No more VAT on:
•Food
•Electricity
•School fees
•Medicine
•Hospital services
Na relief for poor Nigerians 🙏
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Tweet 8:
💰 VAT still remain 7.5% — dem no add anything join am.
Company income tax still 30% (till 2026).
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Tweet 9:
📢 New Development Levy: 2% – 4%
To support:
•NELFUND (student loan)
•TETFund (schools)
•NITDA (tech)
•NASENI (innovation)
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Tweet 10 (Final):
🔚 In short:
✅ Poor people get tax break
✅ Small biz dey safe
✅ Big earners & companies go pay more
✅ More funds for education & tech
Na big move for Nigeria 🇳🇬
