Nigeria’s New Tax Regime Sparks Confusion as Tenants, Businesses Feel the Heat
Nigeria’s much-talked-about tax “generational reset” is no longer an abstract policy debate—it is now hitting tenants and businesses directly, and painfully. In this opinion piece, Cheta Nwanze recounts receiving a rent renewal notice demanding a 10% withholding tax under the Nigeria Tax Act 2025, with little explanation on whether the rule applies to residential or commercial properties. The lack of clear government communication has fuelled widespread confusion, forcing landlords, tenants, and businesses into a chain of guesswork. As inflation bites harder, the uncertainty risks driving resentment, higher living costs, and tax evasion, undermining the very trust and compliance the reform aims to build.
#newtax
Nigeria’s much-talked-about tax “generational reset” is no longer an abstract policy debate—it is now hitting tenants and businesses directly, and painfully. In this opinion piece, Cheta Nwanze recounts receiving a rent renewal notice demanding a 10% withholding tax under the Nigeria Tax Act 2025, with little explanation on whether the rule applies to residential or commercial properties. The lack of clear government communication has fuelled widespread confusion, forcing landlords, tenants, and businesses into a chain of guesswork. As inflation bites harder, the uncertainty risks driving resentment, higher living costs, and tax evasion, undermining the very trust and compliance the reform aims to build.
#newtax
Nigeria’s New Tax Regime Sparks Confusion as Tenants, Businesses Feel the Heat
Nigeria’s much-talked-about tax “generational reset” is no longer an abstract policy debate—it is now hitting tenants and businesses directly, and painfully. In this opinion piece, Cheta Nwanze recounts receiving a rent renewal notice demanding a 10% withholding tax under the Nigeria Tax Act 2025, with little explanation on whether the rule applies to residential or commercial properties. The lack of clear government communication has fuelled widespread confusion, forcing landlords, tenants, and businesses into a chain of guesswork. As inflation bites harder, the uncertainty risks driving resentment, higher living costs, and tax evasion, undermining the very trust and compliance the reform aims to build.
#newtax
