NRS DISMISSES KINGIBE’S CLAIM OF 25% FLAT TAX, EXPLAINS NEW TAX LAW

An official of the Nigeria Revenue Service (NRS) has disputed Senator Ireti Kingibe’s claim that Nigeria’s new tax law imposes a 25 per cent flat tax, clarifying that the Nigeria Tax Act 2025 provides for a progressive tax system.

The clarification comes amid public debate over the country’s new tax reforms and concerns about their potential impact on individuals and businesses.

Under a progressive tax system, tax rates increase as taxable income rises, meaning taxpayers in different income brackets may pay different rates.

The NRS official’s explanation seeks to distinguish the structure of the new tax law from claims that a single 25 per cent rate applies to all taxpayers.

The debate highlights the importance of clear public communication about the tax reforms, particularly as Nigerians seek to understand how the changes may affect their earnings and financial obligations.

Taxpayers are encouraged to consult official guidance on the Nigeria Tax Act 2025 to understand the provisions applicable to their circumstances.