03/01/2026
The Hidden Truth About 800K Tax in Nigeria
There is no single flat percentage tax that applies automatically to every Nigerian anytime they transact ₦800,000 or more.
Here’s the accurate breakdown of what the new tax reform actually means:
✅ Personal Income Tax under the new law (effective Jan 1 2026)
Under the Nigeria Tax Act passed in 2025, annual personal income tax for individuals is progressive, not a flat rate that triggers simply because you hit ₦800,000 in transactions or earnings.