This Is What VAT in Nigeria’s Tax Reform Means for Average Nigerians and Small Businesses

News Entertainment Lifestyle Sports Business Quizzes Hey there, The federal government has unveiled new provisions in the tax reform, stating that from January 1, 2026, essential items such as staple foods, rent, education, healthcare, and public transport will become zero-rated or exempt from the 7.5 % VAT rate, while small businesses with turnovers below ₦100 million will no longer be required to charge VAT. Nurudeen Shotayo In The Headlines This Is What VAT in Nigeria's Tax Reform Means for Average Nigerians and Small Businesses Read More >> Davido's Ibadan Concert Was One of the Biggest Crowds I Have Seen Read More >> 7 Biopics That Tell Nigeria's Most Iconic Stories Read More >> Share With Your Friends Lifestyle Latest Detty December: 5 Lagos Neighbourhoods IJGBs Can't Resist IJGBs prefer to stay in Lagos neighbourhoods that offer a semblance of the sanity that they are used to in the Western world. Read More >> For You These 5 Lagos Adventures Will Bring You Closer to God If you've lived in Lagos long enough, you already know the city tests your faith daily. From danfo drivers who think they're in Fast & Furious to the conductors who make you lose your home training. Read More >> 5 Bank Charges Nigerians Will Stop Paying from January 2026 Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, revealed the five key banking charges that will be abolished. Read More >> 5 times Super Eagles Players protested over unpaid allowances From AFCON to World Cup qualifiers, Nigeria's Super Eagles have repeatedly clashed with the NFF over unpaid bonuses and allowances. Read More >> What do you think about this Newsletter? 1 2 3 4 5 Advertise | View Online | Privacy Policy You received this email because you signed up for our newsletter. Update Your Preference | Unsubscribe