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“Good news”: FG to slash Capital Gains and Corporate Taxes in 2026


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 Jay
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The federal government has announced plans to cut the current 30 % rate on Capital Gains Tax (CGT) to 25 % from 2026 — a move expected to ease pressure on investors and boost market activity.

 

At the same time, the headline rate for Companies Income Tax (CIT) may also be reduced to 25 %, pending final approval by the relevant economic council.

 

In a related reform, the government is introducing full VAT‑input credits on business assets, overheads, and services — a shift that could significantly lower operating costs for companies.

 

If these changes come through as planned, they will represent one of the biggest tax‑relief packages for investors and businesses in recent years — potentially revitalising corporate operations and encouraging fresh investment flows.

 

  https://www.legit.ng/business-economy/economy/1685183-good-news-fg-confirms-plans-cgt-reduction-25-2026/    


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