How Remote Workers, Influencers Will Pay Tax Under New Law – Oyedele

The Chairman of the Presidential Committee connected Fiscal Policy and Tax Reforms, Taiwo Oyedele, has clarified however income earned by Nigerians done distant work, societal media influencing, oregon concern imports, volition beryllium taxable to taxation nether the caller fiscal reforms taking effect from January 1, 2026.

Oyedele made the disclosure during a taxation acquisition league organised by the Redeemed Christian Church of God, City of David, Lagos.

In a video from the league circulating connected societal media connected Tuesday, Oyedele explained that Nigerians moving remotely for overseas companies are present legally required to state their income and wage taxation successful Nigeria.

“If you are a distant worker, you are a worker. The information that your leader is overseas does not exempt you from tax. If they were successful Nigeria, they would deduct astatine source. Since they are not, you are expected to self-declare,” helium said.

He warned that those who failed to state their income would beryllium traced done fiscal records and penalised.

“The authorities volition spot the wealth movement. If you don’t declare, it volition beryllium deemed your income, taxed, with penalties and involvement for delay,” Oyedele added.

The aforesaid rule, helium said, applies to influencers who gain income online.

On concerns raised by importers, Oyedele noted that taxation reliefs would beryllium connected the quality of the business, whether trade, manufacturing, oregon different sectors.

Addressing fears of aggregate taxation, helium stressed that the caller instrumentality intelligibly defines the taxation jurisdiction of the federal, state, and section governments.

“The instrumentality present states who collects what. National Revenue Service volition cod immoderate taxes, states (will collect) others, and section governments (will collect) theirs. Individuals lone request to absorption connected idiosyncratic income tax,” helium explained.

Oyedele emphasised that the reforms importantly trim the fig of taxes payable and streamline compliance. He besides reiterated that upkeep wealth and gifts are not taxable, but payments for immoderate merchandise oregon service, including unconventional work, are present taxable.

Describing the model arsenic “the astir transformative successful Nigeria’s history,” helium said it volition simplify compliance, chopped down disputes implicit aggregate taxation, and boost authorities revenue.

Under the caller rules, individuals earning beneath ₦800,000 annually volition beryllium exempted from idiosyncratic income tax, portion tiny companies with turnover up to ₦100 cardinal and assets not exceeding ₦250 cardinal volition beryllium exempted from institution income tax, superior gains tax, and the caller development levy.