LAGOS—The Federal Government has said income earned by Nigerians, either done distant work, societal media influencing oregon concern imports, would beryllium taxable nether the caller taxation reforms which instrumentality effect connected January 1, 2026.
Chairman of the Presidential Committee connected Fiscal Policy and Tax Reforms, Taiwo Oyedele, disclosed this astatine a taxation acquisition league hosted by the Redeemed Christian Church of God, City of David, Lagos.
In a viral video which circulated connected societal media yesterday, Oyedele said Nigerians moving remotely for overseas companies were legally required to state their income and wage taxation successful Nigeria.
“If you are a distant worker, you are a worker, right? You conscionable hap to bash your enactment remotely. You enactment for a company, that institution mightiness beryllium an American company, determination successful Europe, anywhere, and you gain a salary.
“That magnitude of wealth they wage to you is your salary. You volition self-declare it. Because if your leader were to beryllium successful Nigeria, they volition deduct and wage connected your behalf. Because your leader is not successful Nigeria, they don’t attraction astir the Nigerian taxation system,’’ helium said.
Oyedele said distant workers who failed to state their income would beryllium traced and penalised, saying “the work falls connected you to self-declare.
‘’If you present garbage to declare, the authorities volition spot the question of the money, and accidental you failed to declare, and they volition deem it arsenic your income, complaint you taxation connected it, adhd penalty, adhd involvement for delayed payments.’’
The statesmanlike committee seat said aforesaid applied to societal media influencers who make income online.
He said: “So the aforesaid happening applies to influencers. You are influencing online, that’s okay. You gain income, you wage taxation arsenic well.”
Oyedele besides addressed concerns raised by importers, saying taxation reliefs would beryllium connected the quality of their business, whether trading, manufacturing, oregon different sectors.
“The adjacent question is importers. Do they person immoderate reliefs? We bash look astatine importers arsenic a abstracted enactment of business. So, if you are importing, there’s thing you’re doing.
‘’It’s either you are into trade, manufacturing, oregon immoderate it is. Depending connected the concern you are importing to do, you volition spot immoderate reliefs for that sector,” helium said.
On fears astir overlapping taxes from federal, authorities and section authorities, Oyedele explained that the caller instrumentality present intelligibly spelled retired “jurisdiction” for each tier of government.
He said: “Someone is acrophobic astir paying national and authorities taxes. How volition they beryllium capable to differentiate?
“The caller instrumentality states intelligibly what taxes are payable, and who they are payable to. So, there’s a portion of the instrumentality we telephone jurisdiction. It says National Revenue Service shall cod these taxes; states shall cod these taxes; section authorities shall cod these taxes.
“You don’t request to adjacent interest astir each of them. You conscionable request to say, who are you? If you are an individual, conscionable interest astir idiosyncratic income tax.
“If you are doing tiny business, we region your taxes. The lone 1 we are trying to woody with present is that of section government. If you are a large business, possibly you should person an accountant that volition counsel you.
“So astatine the extremity of the day, immoderate fig of taxes you are paying present is reduced importantly to a few. And successful the taxation law, you volition spot determination what taxes you request to pay, who you request to wage to, and erstwhile you request to wage those taxes.”
He explained that upkeep wealth oregon gifts were not taxable, but noted that outgo for immoderate work oregon merchandise attracts taxation obligations.
Oyedele described the caller model arsenic the “most transformative successful the nation’s history,” aimed astatine simplifying compliance, reducing aggregate taxation disputes, and improving authorities revenue.
The station How distant workers, influencers ‘ll wage taxation nether caller law— Oyedele appeared archetypal connected Vanguard News.

1 month ago
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