Publications

May 1, 2026

Tax implications of surrender of shares and share buybacks, and proper timeline for filing capital gains tax returns in Nigeria

The Nigeria Tax Act 2025 integrates Capital Gains Tax into income tax, making taxation dependent on overall income levels. Corporate CGT now ranges from 0% to 30%, replacing the former flat 10% rate, while individuals are taxed progressively up to 25%, reflecting a more unified and income-sensitive tax system.