19/05/2026
A special highlight of the team's attendance including the amazing connections, network, fun moments during the conference, and the award of recognition for SohCahToa Holdings.
The Chartered Institute of Taxation of Nigeria (CITN) held its 28th Annual Tax Conference at the Bola Ahmed Tinubu International Conference Centre, Abuja. The conference was themed: "Tax Reforms and Global Relevance: Positioning Nigeria's Tax System for a Sustainable Future."
The five-day forum brought together policymakers, legislators, tax administrators, private sector leaders, and development partners to assess Nigeria's landmark 2025 tax reforms and chart a path forward.
Here are our key takeaways:
1. Four comprehensive tax reform bills were enacted; a milestone in Nigeria's shift from oil-dependent revenue to a tax-driven fiscal model.
2. The tax reforms provide relief for low-income earners & MSMEs. Minimum wage earners, individuals earning ₦1 million or less annually, and MSMEs with turnover below ₦100 million are now exempt from taxation under the reforms.
3. Nigeria's tax-to-GDP ratio has grown from 6% to 10% over three years, with the government targeting an interim goal of 18%, a significant signal of efforts to broaden the revenue base.
4. The government is prioritizing automation, data integration, and digital compliance tools, including VAT fiscalization, the National Single Window, and Rev360, to reduce discretion, improve transparency, and lower compliance costs.
5. 15 states have already enacted tax modernization laws, with others expected to follow. The goal is to eliminate multiple taxation and create a more investor-friendly business environment.
6. Discussions highlighted the urgency of taxation in the digital economy, global cooperation frameworks, and the establishment of the Office of the Ta
Nigeria is repositioning and the reforms are ambitious, but implementation will be the true test.
What aspect of Nigeria's ongoing tax reforms do you think will have the greatest impact on businesses and investment?
CITN taxreforms taxpolicy sohcahtoaholdings sohcahtoafinance