50 New Tax Reliefs Nigerians Can Use To Keep More Money In 2026

From January 2026, something big is coming and it’s not another policy wahala. It’s good news.

For the first time in decades, millions of Nigerians will legally keep more of their money. If you master these 50 new tax reliefs, you can quietly build wealth while others complain about “how hard the country is.”

Let’s gist about it together with a chilled malt, no stress.

Finally, a system that says “keep more of your money”

For years, Nigerians worked hard while taxes worked even harder. Everything had a levy: food, rent, business, savings, and even your side hustle.

But starting January 1, 2026, the tables will turn. The government is finally saying, “Keep more of what you earn, use it to grow.”

Here’s what’s changing.

Reliefs for individuals: more freedom, less wahala

If you earn ₦100,000 or less monthly, you’ll pay zero tax.
If your annual income is ₦1.2 million or below, you’re fully exempt.
Even gifts you receive will no longer be taxed.

There’s also a 20% rent relief (up to ₦500,000 yearly), and contributions to NHF, pension, or life insurance will now reduce your tax bill even more.

Let’s make it practical.

Before 2026, Tomi earned ₦200,000 monthly and lost ₦16,000 to tax. That’s ₦192,000 gone yearly.
But from 2026, she keeps that ₦192,000.

If she invests it in a Money Market Fund at 15%, that’s ₦220,000 the next year, money now working for her, not for the system.

Salary earners, this one sweet pass bonus

If you’re employed, these new rules multiply your benefits.

Employers can now get tax deductions when they increase staff salaries or hire new people. That means more companies will start saying, “Let’s review your pay.”

Even better, if you lose your job and get compensation, you can receive up to ₦50 million tax-free.

That’s how countries grow, by rewarding effort, not punishing it. And now, it’s Nigeria’s turn.

Business owners, startups, and hustlers, this is your season

If you run a small business, rejoice. The new law is on your side.

• Small companies (under ₦100 million turnover): 0% tax
• Medium companies (₦100m–₦250m): Reduced tax rate
• Startups: Full exemption
• Agribusiness: 5-year tax holiday
• 50% deductions for staff salaries, transport, and training

Imagine your tailor, farmer, or tech founder friend now reinvesting what used to go to taxes. That’s how small businesses grow into giants.

For once, the system is rewarding creativity, innovation, and honest hustle.

Investors, your dividends just got juicier

This part will make investors smile.

No more capital gains tax when you:

• Sell your own house
• Sell up to two cars yearly
• Earn stock profits under ₦150 million
• Reinvest your gains

Even pension funds, charities, and faith-based organisations will be fully exempt.

That means your investments will now grow faster, because less is being taken away.

Families and everyday people, life just got cheaper

Here’s where the ripple effect touches every home.

No more VAT on:
Food. Rent. Education. Health and drugs. Baby products. Transport. Disability aids. Electric vehicles. Agricultural inputs. Even sanitary pads.

This means cheaper living costs, especially for families already feeling the pinch. That extra ₦5,000 you save on groceries or school fees can now go into savings or investments.

Everyday transactions will now breathe

Remember those small charges that used to quietly eat your money? They’re getting lighter too.

No more stamp duty on bank transfers below ₦10,000.
Salaries, intra-bank transfers, and stock transactions, exempt.
Even humanitarian supplies and clean energy equipment are tax-free.

That’s more money flowing directly into the real economy instead of disappearing into deductions.

How to benefit directly (and smartly)

Now, here’s the part most people miss, the “how.”

To enjoy these reliefs fully, you need to be intentional.

1. Review your payslip. Make sure your pension, NHF, and life insurance contributions are active. They reduce your taxable income.
2. Register your business properly. Use CAC or SMEDAN. Only registered businesses can claim 0% or reduced taxes.
3. Keep proper records. Use tools like Bumpa, Zoho, or QuickBooks to track your sales and expenses.
4. Invest your tax savings. Use platforms like CardinalStone, Bamboo, or Cowrywise to make your money work.
5. Own assets that attract exemptions. Think land, shares, or agribusiness, the kind of assets that multiply over time.

The goal is simple: don’t just save money; make that money grow roots.

The bottom line

For the first time in years, Nigeria is giving her citizens a real chance to breathe, save, and grow.

But as always, information is the gap between those who get richer and those who keep complaining.

This is not the time to fold your arms and say, “We’ll see.” It’s the time to act, to understand these reliefs, plan better, and position your finances.

Because while others are shouting “Nigeria is hard,” the wise are quietly learning how to make it pay.

Remember, we don’t grow by learning alone. We grow by doing.

So, grab the gist, and go use it.