Severe Penalties for Tax Non-Compliance in Nigeria (2026): Your Complete Guide to the New NTAA Fines
With the new tax laws taking effect January 1, 2026, understanding the specific penalties for non-compliance is crucial for every business and individual taxpayer in Nigeria. The Nigeria Tax Administration Act, 2025 introduces two categories of penalties: administrative penalties (immediate financial consequences applied by tax authorities) and criminal sanctions (court prosecution leading to fines, imprisonment,…