New Tax Regime: Multinationals, Local Firms Get 5% Annual Tax Credit

The new tax regime, expected to come into force on 1 January 2026, will give multinationals and local companies a five‐per‐cent annual tax credit, the chairman of the Presidential Fiscal Policy and Tax Reform Committee, Taiwo Oyedele, has said. The policy includes a five‐per‐cent annual tax credit for investments in eligible priority sectors; top‐up tax

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