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NEW NIGERIA TAX

The New Nigeria Tax Act 2025 brings major changes that affect individuals, SMEs, and corporate businesses. In this post, we break down the most important updates, how they impact your taxes, and what steps you must take to stay compliant. If you have been searching for “New Nigeria ... Read More

How Zuri Foods Scaled Smart with Sage in Abuja.

When Zuri Foods, a small gourmet snack company in Abuja, started in 2020, it was just a side hustle for its founder, Aisha Azuri Danjuma. With a few friends helping out from her kitchen and weekend sales at farmers markets, it was simple enough to track sales and ... Read More

INTERNAL CONTROL OVER FINANCIAL REPORTING (ICFR) – SUBSEQUENT YEAR OF ADOPTION

Section 1.3(1) of Guidance on Management Report on Internal Control Over Financial Reporting (ICFR) requires that every Public Company and Public Interest Entity (PIE) are required to file, on annual basis, its audited financial statements including a report on Management assessment on internal control over financial reporting, to ... Read More

Sustainability Audits: Why Businesses Are Turning to Auditors for ESG Reporting

In today’s global economy, the demand for businesses to operate sustainably has never been higher. Stakeholders, from investors to consumers, are increasingly holding organizations accountable for their environmental, social, and governance (ESG) practices. This has given rise to ... Read More

2025 IFRS REFRESHER COURSE PART 4.

Catch the last session of our 2025 IFRS refresher course! We covered the latest updates, key changes, and how they impact financial reporting. Perfect for professionals looking to stay up-to-date! https://youtu.be/uk43iBFCwTI

2025 IFRS REFRESHER COURSE PART 3.

Welcome to the third session of our 2025 IFRS Refresher Course! In this session, we dive deep into key standards that are crucial for understanding the financial reporting landscape: IFRS 9: Financial Instruments. IFRS 7: Financial Instruments - Disclosure... Read More

2025 IFRS REFRESHER COURSE PART 2.

Missed the 2 part of the IFRS Webinar Session? Watch the recording of Week 2 in our 4-week IFRS webinar series, where we covered key topics such as: IAS 16 - Properties, Plants, and Equipment IAS 40 - Investment Property ... Read More

2025 IFRS REFRESHER COURSE PART 1.

We recently had an insightful IFRS Webinar led by Abiola Fajimi FCA and Babatunde Abimbola ACA, focused on key aspects of IFRS and its application.Key topics discussed include: IASB Conceptual Framework & IAS 1: Presentation of Financial StatementsIAS 8: Accounting Policies, Changes in Accounting ... Read More

The Future of Auditing: How Artificial Intelligence is Reshaping the Industry

The auditing profession, long rooted in manual processes and physical documentation, is undergoing a seismic transformation driven by artificial intelligence (AI). This technological revolution is not just enhancing efficiency and precision but is fundamentally redefining the role of ... Read More

THE VALUE ADDED TAX ACT (VATA)

Highlight for this edition: What you need to know about the Value Added Tax Act (VATA)Major Deadlines in the month of December 2023, as relating to Value Added Tax Act (VATA). Click here to read more: https://pml.com.ng/wp-content/uploads/2023/11/Tax-News-Letter-November.pdf

NEW NIGERIA TAX

The New Nigeria Tax Act 2025 brings major changes that affect individuals, SMEs, and corporate businesses. In this post, we break down the most important updates, how they impact your taxes, and what steps you must take to stay compliant. If you have been searching for “New Nigeria Tax Act,” “2025 tax update Nigeria,” or “latest tax law changes,” this guide gives you the clarity you need.

We have also included a link to our detailed YouTube video explaining these changes visually, so you can understand the new tax laws easily.

https://youtu.be/ucLWfcQgjRg

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