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Allegations on Changes in Nigeria’s New Tax Law explained

TrackUpNews by TrackUpNews
January 1, 2026
in Economy
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Allegations on Changes in Nigeria’s New Tax Law explained
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By Prof.  Ochuko Emudainohwo

02, January 2026

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There are reports of discrepancies between the Nigeria Tax Administration Act (NTAA) as passed by the National Assembly and the gazetted version.

The alleged changes or additions include:

*1. Expanded Enforcement Powers of the Nigeria Revenue Service (NRS)*

The gazetted version reportedly grants the NRS the power to arrest individuals and freeze or garnish taxpayer funds without a court order. This is a significant expansion of enforcement powers that would typically fall under the “Investigation and Enforcement” provisions of the NTAA. Critics argue that this could lead to abuse of power and undermine taxpayer rights.

*2. Lower Reporting Thresholds for Taxable Income*

The gazetted version allegedly lowers the tax reporting thresholds for individuals and companies. For individuals, the threshold has been reportedly lowered from ₦50m to ₦25m, while for corporate organizations, it has been lowered from ₦250m to ₦100m. This change could impact many Nigerians and businesses, potentially increasing the tax net and compliance burden.

*3. New Fiscal/Appeal Measures (20% Pre-Appeal Deposit)*

The gazetted version reportedly requires taxpayers to pay 20% of a disputed tax liability upfront before an appeal can be lodged.

This provision could create challenges for taxpayers seeking to dispute tax assessments, potentially limiting access to justice.

*4. Removal of Legislative Oversight Mechanisms*

The gazetted version allegedly removes provisions that granted the National Assembly oversight powers, such as the ability to summon revenue officials or require reporting. This change could weaken legislative checks and balances, potentially undermining transparency and accountability in tax administration.

These alleged changes have sparked concerns about the potential impact on taxpayers, businesses, and the overall tax administration system in Nigeria. It is essential to verify the authenticity of these claims and ensure that any changes to the tax law are made through a transparent and inclusive process.

There could be Follow-up Questions:

– What are the implications of the alleged changes to the tax law on taxpayers and businesses in Nigeria?
– How can the authenticity of these claims be verified, and what steps can be taken to ensure transparency and accountability in the tax administration system?
– What are the potential consequences of granting the NRS expanded enforcement powers without adequate oversight and checks and balances?

Tags: Allegations of Unauthorized Changes in Nigeria's New Tax Law
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Track Up News is an online news publishing site aimed at disseminating newsworthy information to the public with high sense of objectivity.

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