FROM INFORMAL TO FORMAL: WHAT NIGERIA'S NEW PRESUMPTIVE TAX REGIME MEANS FOR SMALL BUSINESSES

October 26, 2026
FROM INFORMAL TO FORMAL: WHAT NIGERIA'S NEW PRESUMPTIVE TAX REGIME MEANS FOR SMALL BUSINESSES
Nigeria’s Presumptive Tax Regulations 2026 introduce a simplified tax framework for businesses whose income cannot be reliably determined through conventional accounting records. This edition explores the key provisions of the new regime, including applicable tax rates, relief for qualifying nano and small businesses, and the implications of business formalization. Discover how small businesses can prepare for compliance, maintain proper financial records, manage tax exposure, and position themselves for sustainable growth.

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