Tax Legislation & Tax Policy in Nigeria complied by FIRS

Tax legislation is the act or process of enacting tax laws and the body of laws that provide for the levying of taxes and tax administration.
The following are the existing tax legislation in Nigeria, as at 2016:


  • Associated Gas Re-Injection Act
  • Capital Gains Tax Act
  • Companies Income Tax Act
  • Deep Offshore and Inland Basin Production Sharing Contracts Act
  • Tertiary Education Trust Fund Act
  • Federal Inland Revenue Service (Establishment) Act
  • Income Tax (Authorised Communications) Act
  • Industrial Development (Income Tax Relief) Act
  • Industrial Inspectorate Act
  • National Information Technology Development Act
  • Nigerian Export Processing Zones Act
  • Nigeria LNG (Fiscal Incentive Guarantees and Assurances) Act
  • Oil and Gas Export Free Zones Act
  • Personal Income Tax Act
  • Petroleum Profits Tax Act
  • Value Added Tax Act
  • Stamp Duties Act
  • Taxes and Levies (Approved List for Collection) Act
  • Casino Act

Reviews, amendments and modifications to tax legislations are continuous, evolving with global best practices and in keeping with the local socio-economic realities. The review and amendment of tax legislation is in keeping with the formal tax amendment process as provided for in the Nigerian constitution.

As a result of the need to continuously review and amend tax legislation, the following tax laws were amended in the respective years indicated here under:

  • Companies Income Tax Act - 2007
  • Value Added Tax Act- 2007
  • Personal Income Tax Act – 2011

The Petroleum Industry Bill (PIB) is presently before the National Assembly and when passed into law will replace the Petroleum Profits Tax Act. In addition, there is an on-going process to overhaul all existing tax laws and the Service has consequently initiated the Tax Law Redrafting Project to achieve this.

The Public will be notified as soon as any further change to any or all of the tax laws is concluded.
To view the available Tax Compendium, Tax Legislations and National Tax Policy document, Please  click on any of the links below.

TAX COMPENDIUM

  • Nil


FIRS ESTABLISHMENT ACT

  • Companies Income Tax Act (CITA)
  • Personal Income Tax Act (PITA)
  • Personal Income Tax Act (PITA Ammended)
  • Petroleum Profits Tax Act (PPTA)
  • Stamp Duties Act (STD)
  • Taxes and Levies
  • Value Added Tax (VAT)
  • Transfer Pricing Regulations 2012
  • Requirements for Funds, Bodies et al Regulations 2011 B1149-1155
  • Amendment of the 5th Schedule to the CIT Act B1147 - 1148
  • Capital Gains Tax Act (CGTA)

NATIONAL TAX POLICY - TAX MANAGEMENT

  • Tax Types
  • Taxpayers
  • Tax Benefits
  • Tax Payment Guidelines

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  • FIRS Tax Forms
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  • FAQ
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