Nigeria has partnered with more than 100 countries to monitor and track the income of remote workers, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has confirmed.
Speaking on the implementation of the country’s new tax regulations, Oyedele said the collaboration ensures that digital and remote work earnings are properly accounted for, generating billions in revenue without disputes.
“We spoke to them, addressed their concerns, and reached an agreement. Today, Nigeria is making billions of dollars from these taxes from digital giants without conflict,” he stated.
Oyedele also clarified inconsistencies in the recently signed tax legislation concerning turnover thresholds. “Section 147 of the Nigerian Tax Administration Act says N100 million, while Section 202 of the Nigerian Tax Act says N50 million. That was an error during the gazetting process,” he explained.
Despite spending months attempting to correct the discrepancy, the committee proceeded with implementation, assuring that the minimum threshold for exemption remains N100 million once the regulations are published.
Additionally, Oyedele emphasized that the new Capital Gains Tax (CGT) framework, set to take effect from January 1, 2026, will not apply retroactively to investment gains realized before 2026. A cost basis reset and grandfathering clause will ensure that only new profits are taxed.
