AFCON 2025: Score a Tax Goal with Nigeria's new N800k "No-Tax" Rule
The Super Eagles are doing us proud at AFCON 2025, but there is another victory happening off the pitch. Nigeria's new tax laws mean you might be holding an MVP trophy in your bank account next month.
1. The MVP: The N800k Tax Break
Just like a clinical finish, the new law exempts anyone earning ₦800,000 or less per year from all Personal Income Tax. If you're in this bracket, it's a "Clean Sheet" for your salary—no deductions, just pure take-home pay.
2. Avoid the Offside Trap (NRS Rebrand)
The FIRS has changed its jersey and is now the NRS (Nigeria Revenue Service). They've gone fully digital, so don't get caught offside by sticking to old 2024 tax rules. Ensure your HR team is playing by the new 2026 handbook.
3. Red Card for High Taxes?
Earning more? The 2026 reform isn't a penalty. With the new Rent Relief, you can deduct up to ₦500k of your annual rent from your taxable income. This is like getting a "Substitution" that actually wins you the game.