Input VAT Changes in Nigeria’s New Tax Act (NTA) 2025 on Accounting System and Finance Operation. | Accounting Yard
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Nigeria VAT Explained | New Tax Law 2025 🇳🇬 The Nigeria Tax Act 2025 keeps VAT at 7.5% but introduces clearer rules for registration, digital services, exemptions, and compliance—effective January 2026. In this video, we explain: ✅ Who must register and charge VAT ✅ VAT threshold for small businesses ✅ Exempt vs zero-rated supplies ✅ VAT on digital and non-resident services ✅ Filing, remittance timelines, and penalties Simple. Practical. Up to date. Watch to stay compliant and avoid penalties.
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Nigeria's new Tax Law officially came into effect this January, and it's already shaping conversations across businesses, professionals, and everyday Nigerians. We also talked about it indepth with PalmPay's Tax guru, Babatunde Fadoju. Our conversation goes deeper into the intent behind the law, the practical implications, and what individuals and businesses should start paying attention to now. Click here to get the full gist: https://youtu.be/K4hmcwPuSSk #SmarterWayToBank #NigerianTaxReform |
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