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The Nigeria Tax Act 2025: What Every Freelancer Must Know

The new tax law is here. If you earn from Upwork, YouTube, or any foreign client, this affects you. Here's exactly what changed and what you need to do before March 31.

TaxJeje Team1 February 20268 min read

The Tax Law Has Changed

On June 26, 2025, President Bola Ahmed Tinubu signed four comprehensive Tax Reform Acts into law. These changes took effect on January 1, 2026 — which means they apply to you right now.

If you're a freelancer, content creator, or remote worker earning from international platforms, this is the most significant tax change in Nigeria's recent history.

What's New?

1. Foreign Income is Now Explicitly Taxable

Before 2025, there was ambiguity about whether income from Upwork, Fiverr, YouTube AdSense, or direct foreign clients was taxable. That ambiguity is gone.

The new law is clear: All income earned by Nigerian residents, regardless of where it comes from, is taxable.

This includes:

  • Upwork, Fiverr, Toptal earnings

  • YouTube AdSense revenue

  • Direct client payments in USD, EUR, or GBP

  • Remote salary from foreign companies

  • Crypto trading profits
  • 2. The First ₦800,000 is Tax-Free

    Here's the good news. Under the new Consolidated Relief Allowance (CRA), the first ₦800,000 of your annual income is completely tax-free.

    What this means: If you earn less than ₦800,000 per year (~$530 USD), you owe nothing.

    3. Tax Brackets Have Changed

    For income above ₦800,000, here are the new brackets:

    Income RangeTax Rate

    First ₦800,0000%
    Next ₦300,0007%
    Next ₦300,00011%
    Next ₦500,00015%
    Next ₦500,00019%
    Next ₦1,600,00021%
    Above ₦4,000,00024%

    4. You Must Self-Assess and File

    Unlike employees whose employers withhold taxes, freelancers must:

  • Calculate their own tax liability

  • File their own returns

  • Pay directly to the government
  • The deadline is March 31, 2026.

    What You Need to Do

    Step 1: Get a TIN (Tax Identification Number)

    If you don't have a TIN, you need one. You can register at:

  • JTB TIN Registration Portal

  • Any FIRS office with your NIN/BVN
  • Step 2: Track Your Income

    You need records of all income received in 2025 (if applicable) and 2026. This includes:

  • Payment screenshots or statements

  • Currency conversion rates at time of receipt

  • Invoice records
  • Step 3: Identify Your Deductions

    You can reduce your taxable income with legitimate business expenses:

  • Internet costs

  • Software subscriptions

  • Equipment (laptop, phone, camera)

  • Home office costs

  • Professional development
  • Step 4: Calculate Your Tax

    This is where it gets complicated. You need to:

  • Convert all foreign currency income to Naira

  • Total your annual income

  • Subtract deductions

  • Apply the correct tax brackets
  • Or... you could use TaxJeje to do this automatically.

    Step 5: File on TaxProMax

    The government's filing portal is TaxProMax. You'll need your TIN and income records to file.

    The Penalties for Not Filing

    Don't ignore this. The penalties are real:

    ViolationPenalty

    Not registering for TIN₦50,000 + ₦25,000/month
    Not filing returns₦100,000 + ₦50,000/month
    False declarationUp to ₦1,000,000 or 3 years

    The Bottom Line

    The new Nigeria Tax Act is not optional. If you're earning money as a freelancer or remote worker, you need to file by March 31, 2026.

    The good news: With proper deductions, most freelancers owe less than they fear. The ₦800,000 exemption and deductible expenses can significantly reduce your liability.

    Need help calculating your tax? TaxJeje was built exactly for this. Track your income, identify deductions, and get a clear picture of what you owe — all in one place.

    Start Free with TaxJeje →

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