Taxidy

Taxidy Taxidy helps individuals and businesses stay tax compliant with less stress and more clarity.

We simplify the compliance process, make obligations easier to understand, and help you stay on track every step of the way.

Can the new tax law be fully implemented next year?The short answer is YES.But only if these things are put in place bef...
11/09/2026

Can the new tax law be fully implemented next year?

The short answer is YES.

But only if these things are put in place before then.

The new tax law makes quite a number of promises on paper. But without the right infrastructure, those promises remain on paper. Tax offices across the country need updated systems that can actually track income, verify claims, and process reliefs without the delays and manual errors that have held the old system back for years.

States and local governments also need to be properly aligned with the federal reforms. Nigeria runs on multiple layers of government, and if states are not equipped or willing to enforce the same standards, businesses and individuals will face confusion about which rules actually apply to them.

There also has to be accountability on how tax revenue is spent. Nigerians are more willing to comply when they can see roads, hospitals, and schools improve as a result. Without visible returns on taxes paid, trust in the system stays low, and compliance suffers no matter how strong the law is.

Small business owners need real support during this transition too. Not just new obligations. Many are still learning how to separate personal and business finances. Practical guidance, grace periods, and accessible support would make compliance feel achievable instead of intimidating.

Finally, technology has to work seamlessly across agencies. If the tax authority, banks, and other government bodies are not sharing data efficiently, the system will keep relying on manual processes that slow everything down and create room for errors.

Get these five things right and 2027 could genuinely be the year this reform delivers on its promise.

At Taxidy, we're doing our part. Helping every Nigerian understand their tax obligations clearly so that when the system is fully ready, you are ready too.

Agree or disagree? Drop your thoughts below. Like and share so others can join the conversation. 👇

Freelancers, we're checking in. How far?Have you sent your invoices this week? Are you keeping track of what's coming in...
09/09/2026

Freelancers, we're checking in. How far?

Have you sent your invoices this week? Are you keeping track of what's coming in and going out?
Do you understand what expenses you can deduct?

If not, the week isn't over yet. Start now!

Small habits now save you lots of stress.

Are minimum wage earners really tax-free?Nigeria's new tax system seems to be promising. With the tax law offering relie...
08/09/2026

Are minimum wage earners really tax-free?

Nigeria's new tax system seems to be promising. With the tax law offering reliefs that help lessen the burden of paying tax, especially for low-income earners, there's a lot to commend. The VAT rate is impressive when compared to other African nations, at 7.5%, while countries like Kenya, Ghana, and South Africa charge 15–16%.

On paper, the gazette shows that minimum and low-income earners are tax-free. But in reality, that doesn't always hold up. With the current fall of the naira, rising food costs, and inflation, minimum wage earners are struggling to get by on ₦70,000 a month. This pushes many to source other forms of income, side hustles, freelance gigs, small trades, just to survive. And once that combined income crosses ₦800,000 a year, they slip right out of the tax-free band they were supposed to be protected by.

So the relief exists in law, but the economic reality around it hasn't caught up.

There's also the currency problem. Nigeria's ₦800,000 threshold converts to roughly $600, while South Africa's R99,000 threshold sits closer to $6,200. Even with generous-looking numbers on our end, the naira's weak value quietly shrinks the actual relief being offered.

And then there's collection. Nigeria collects tax from only about 10% of its economy, compared to South Africa's 27%. Low rates alone won't help if the system isn't catching enough people.

What could help close this gap?

Well....the government can try doing these things;

- Adjust the ₦800,000 threshold as prices rise, so relief doesn't lose value over time

- Make it simple for informal workers like traders and artisans to register and pay tax

- Teach people what counts as taxable income, especially those juggling side hustles

- Pair tax relief with support for food and transport costs, not just tax breaks alone

Nigeria's tax reform has the right instincts.

But, honestly....good policy on paper isn't the same as relief people can actually feel in their pockets. Until income growth, currency stability, and cost of living are part of the conversation, the tax-free band risks becoming more symbolic than practical for the people it was meant to protect.

What's your take? Is this reform reaching the people it's meant to help?

Let us know in the comments below. 👇

This new week, start small.Track every income, record every expense and increase your tax knowledge one step at a time.S...
07/09/2026

This new week, start small.

Track every income, record every expense and increase your tax knowledge one step at a time.

Small habits practiced consistently are what keep you compliant when tax season arrives.

Taxidy is here to help. Have a great week ahead.💪

September is here, and the year is almost over.Less than four months to get your finances in order before 2026 officiall...
01/09/2026

September is here, and the year is almost over.

Less than four months to get your finances in order before 2026 officially wraps up.

This month, form better habits. Stop procrastinating and start tracking your income.

Let's make September count!

Happy new month from all of us at Taxidy.

Your future self is watching the decisions you make this week.So you need to start small. Request that your payslip. Ope...
24/08/2026

Your future self is watching the decisions you make this week.

So you need to start small. Request that your payslip. Open that separate business account. Start tracking your expenses. Know what counts as taxable income and what doesn't.

These are not big moves, but they're the ones that protect you when tax season comes knocking.

And when you're ready to take it a step further, you know that Taxidy's got you. We help you understand exactly what you owe, file correctly and stay on the right side of the tax law without the stress.

What is one financial step you are taking this week? Drop it in the comments. We would love to hear from you. 👇

You called it a business expense, but the new tax law might not.We're not saying that you can't claim expenses from runn...
19/08/2026

You called it a business expense, but the new tax law might not.

We're not saying that you can't claim expenses from running your freelance business.

What we mean is that not every expense automatically qualifies for a tax deduction.

The Nigeria Tax Act 2025 explicitly states that any expense incurred in generating income from your business or profession may be deducted when calculating taxes.

So, if you spent ₦300k running your freelance business on data expenses, new software, and other related costs as well, you can't simply assume the entire ₦300k will be deducted. That expense you're trying to claim must meet the requirements of the Act.

And this is why keeping track of what you're spending on your business matters.

As a tax-paying citizen and income earner in Nigeria, you must know what qualifies before you start claiming any deductions.

That's why we at Taxidy are here to help. We make tax compliance easier to understand and help in calculating your taxes, so you can pay what you owe and stay on the right side of the tax law.

Follow Taxidy and turn on post notifications for more simple, practical tax tips that make tax compliance much easier.

Don't forget to share this with a freelancer you know. It might just help them build a better record-keeping habit.

If you were asked to list every way you made money this year, could you?👀It’s Monday, so here’s a little tax question to...
17/08/2026

If you were asked to list every way you made money this year, could you?👀

It’s Monday, so here’s a little tax question to start the week with.

For some people, it’s not just one source of income. You might have your regular job, take on freelance projects, earn from an investment, or make money from something else on the side.

That’s all great, but it’s important to know that under the Nigeria Tax Act 2025, income from employment, business, investments, and other sources can be included in an individual’s total income.

So... what’s the first step?

Know what you’re earning and keep track of it. It’s that important.

At Taxidy, we help you understand taxes better by giving you the relevant information you need to stay on the right side of the tax law.

Follow Taxidy and turn on post notifications for more simple, practical tax tips.

Start your Monday informed, and share this with someone who has more than one source of income. Let them know why keeping proper records matters.

Freelancer! Before you say that rent money has gone forever, there's something you really need to know.And no, we're not...
14/08/2026

Freelancer! Before you say that rent money has gone forever, there's something you really need to know.

And no, we're not talking about negotiating with your landlord.

Ada is a freelance social media manager and she just paid ₦1.2M as rent for the year. Money gone from her account. Landlord happy. 😂

Now she's already thinking about how she'll hustle for the next rent.

But there's something she may not know about the rent she just paid.

The Nigeria Tax Act 2025, has made provision for everyone that pays rent. Stating that an individual may claim rent relief of 20% of the annual rent paid, subject to a maximum of ₦500k provided the necessary requirements of the Act are met.

So, if Ada paid ₦1.2M in annual rent, 20% would be ₦240k. So she can claim that relief when calculating her taxes.

You see that house rent receipt? Keep it safe like everything depends on it.

Because you also need to accurately declare the rent you actually paid and provide the required information when claiming the relief.

What we’re trying to say is that as a tax paying citizen of Nigeria, don’t overlook tax reliefs you're eligible to claim.

At Taxidy, we make tax compliance easier to understand, so you know what you're responsible for and can stay compliant without unnecessary stress or wahala with the tax authorities.

Follow Taxidy and turn on post notifications if you want to understand tax better.

And please send this to that your freelancer friend who has already paid rent and is already thinking about the next one. 😂👀

Imagine losing a tax deduction over a missing receipt.😩You spent the money, and you know you did. But now you can't find...
13/08/2026

Imagine losing a tax deduction over a missing receipt.😩

You spent the money, and you know you did. But now you can't find the receipt or invoice.

And that's where the wahala starts.

The Nigeria Tax Act 2025 allows you to claim deductions for expenses you incur to earn your freelance income, as long as they meet the requirements of the Act

But you'll need documentary evidence to support your deduction.
If you can't provide the required evidence, your deduction could be refused.

So....that ₦150k you spent on something you genuinely needed for work? Don't just remember it. Make sure you keep the proof.

You honestly don't want to be searching through your WhatsApp, email or bank statement six months later shouting, "Where is this receipt sef?"

That's why we built Taxidy, to help make tax compliance easier, so you can understand what you're responsible for and stay compliant without the stress.

Follow Taxidy and turn on post notifications for more simple tax tips to clear up your tax confusion.

And send this to that freelancer friend of yours who never keeps receipts.

We see you!👀

Address

Lagos
100244

Website

Alerts

Be the first to know and let us send you an email when Taxidy posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Share

Category