Nigeria, March 4 -- The federal government has issued new presumptive tax rules for Micro, Small, and Medium Enterprises (MSMEs) across Nigeria, saying the new move makes compliance simpler and makes a clear pathway into the formal economy.

The new tax regulation was disclosed on Wednesday in a statement signed by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun.

The Nigeria Tax Act 2025, which aimed to improve tax compliance, modernise and unify the tax system, earlier came into effect on 1 January.

On Wednesday, the finance minister noted that while there are no tax rate increases, the new framework will protect millions of MSMEs across the 36 states and the FCT in the country from unfair tax assessments. ...