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Navigating Nigeria’s New Fiscal Era: Insight, Implications and Advocacy for Private Capital 2025 has been one of the most transformative and reform-intensive periods for Nigeria’s private-capital ecosystem since the liberalisation wave of the early 2000s. Sweeping changes across taxation, securities regulation, pensions governance, fund-manager supervision, foreign-exchange policy and sectoral regulation have created a materially different operating environment for funds, fund managers and port
We are delighted to have contributed to the Private Equity and Venture Capital Association, Nigeria (PEVCA) Legal and Regulatory Committee’s Bulletin 04.
Our Partner, Adekunle Soyibo, and our Associate, Linda Okwe, respectively authored the article titled “Digital Taxation: Risks and Opportunities for Portfolio Tech Companies.”
In this article, we highlight that the enactment of the Nigeria Tax Act, 2025 (NTA) marks a significant shift in the taxation of economic activities within the digital ecosystem. The legislation brings the business activities of portfolio technology and digital companies clearly within the Nigerian tax net, while also providing much-needed clarity in previously grey areas of digital taxation.
The NTA expands value-added tax (VAT) obligations for non-resident suppliers, introduces a broader and more enforceable Significant Economic Presence (SEP) test, and clarifies the taxation of software-as-a-service (SaaS), cloud computing services, digital advertising, and other remote and digitally delivered services. The article also highlights important incentives introduced under the Act, including tax exemptions on gains from the disposal of assets in labelled startups, as well as clearer regulatory treatment of digital and virtual assets.
Readers may access and read our full chapter via the link provided below.
Read our chapter "here"
"This article was originally published on the website of the Private Equity and Venture Capital Association, Nigeria (PEVCA) as part of the PEVCA Legal and Regulatory Committee’s Bulletin 04. It is reproduced on the JEE website with due acknowledgement to PEVCA.. For further information, please go to https://www.pevcang.org/publications/lrc-bulletin-issue-04"
