“Good news”: FG to slash Capital Gains and Corporate Taxes in 2026
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/
Latest Post: Jobs posts for Luton and London Our newest member: Maria Recent Posts Unread Posts Tags
Forum Icons: Forum contains no unread posts Forum contains unread posts
Topic Icons: Not Replied Replied Active Hot Sticky Unapproved Solved Private Closed