Did you want to know the tax filing requirements under the 2025 Tax Reform? Or The New Reality of Tax Compliance in 2025. If yes, this guide is for you.

The Nigeria 2025 Tax Reform introduced one of the most significant compliance overhauls in recent years.

Designed to enhance transparency, broaden the tax base, and strengthen revenue administration, the reform impacts every taxable person and business, from multinational corporations to individual freelancers.

Whether you are a small business owner or managing a corporate entity, understanding the new filing requirements is essential for avoiding penalties, maintaining compliance, and taking advantage of available reliefs.

In this guide, you’ll learn exactly what you must file, when to file it, and how to stay compliant under the new regime—without stress, but adhering to the tax filing requirements 2025.

You can check out: How to Reduce Taxable Income in a New Regime: Smart Strategies for Businesses and Individuals

Overview of the 2025 Tax Filing Requirements

The 2025 tax reform focuses on digital compliance, improved record-keeping, and more structured reporting.

Below are the major filing obligations now required:

1. Mandatory Electronic Filing and Digital Documentation

One of the biggest changes in the 2025 tax reform is the move toward full digital filing. Taxpayers must now use government-approved platforms such as:

• Tax ProMax (for PAYE, VAT, CIT, WHT)
• E-filing portals for federal taxes
• Approved e-invoicing systems

Key Filing Requirements Under Digital Compliance

• All tax returns must be submitted electronically.
• E-receipts and e-invoices are mandatory for tax deductions and VAT claims.
• Digital records must be stored for a minimum number of years (typically 6 years).

This ensures faster processing, reduces fraud, and allows easier tax audits.

2. Corporate Income Tax (CIT) Filing Requirements

Businesses must file annual CIT returns, even if they made no profit.

What to File:

• Audited financial statements
• Tax computation schedule
• Capital allowance schedule
• Evidence of tax payments
• Transfer pricing documentation (if applicable)

Filing Deadline for CIT:

📅 Six months after the company’s financial year-end

New 2025 Updates Include:

• Companies must disclose minimum effective tax rates.
• Entities operating digitally must include digital income sources.
• Capital gains from digital assets must be reported.

3. VAT Filing Requirements Under the 2025 Reform

Value Added Tax (VAT) compliance now includes enhanced reporting and documentation rules.

What to File:

• Monthly VAT returns
• VAT output and input schedules
• E-invoices as proof of transactions
• VAT collection from digital services (where applicable)

Filing Deadline for VAT:

📅 21st day of the following month

2025 Changes Include:

• Mandatory VAT filings for digital and online transactions
• More stringent documentation for VAT input claims
• Penalties for inaccurate or incomplete VAT schedules

4. Withholding Tax (WHT) Filing Requirements

WHT compliance remains crucial for businesses making payments to vendors, contractors, or consultants.

What to File:

• Monthly WHT remittance schedules
• Recipient details and tax identification numbers
• Evidence of payment

Filing Deadline for WHT:

📅 21 days after the month-end

2025 Updates Include:

• Digital filing of WHT certificates
• New categories of services are now subject to WHT
• Higher penalties for late remittance

5. PAYE and Employment Tax Filing Requirements

Employers must comply with all employee-related tax obligations.

What to File:

• Monthly PAYE returns
• Annual PAYE return (Form H1)
• Employee TINs and salary schedules
• Pension and NHF compliance documentation

Annual Deadline for PAYE:

📅 January 31 of every year

2025 Reforms Include:

• Mandatory digital PAYE filing for all employers
• Integration of payroll data with national platforms
• Verified e-records of employee benefits and allowances

6. Development Levy Filing Requirements

The 2025 tax reform introduces a new Development Levy, applicable to certain categories of taxpayers.

What to File:

• Computation of the Levy
• Proof of payment
• Supporting financial statements

Key Notes:

• Small businesses may be exempt
• Levy must be filed alongside other annual tax returns

7. Capital Gains Tax (CGT) Filing Requirements

CGT filings now apply to traditional assets and digital assets, including cryptocurrency and tokenized assets.

What to File:

• CGT computation
• Evidence of acquisition & disposal
• Digital asset transaction logs

Filing Deadline for Capital Gain Tax:

📅 Typically, the same time as CIT filings, unless disposed of earlier.

8. Transfer Pricing (TP) Documentation

Companies engaged in related-party transactions must submit:

• TP disclosure forms
• TP documentation
• Country-by-country reports (for multinationals)

Failure to comply attracts significant penalties.

9. Record-Keeping Requirements Under the 2025 Reform

The law now emphasizes strict documentation.

Required Records Include:

• E-invoices
• VAT receipts
• Payroll data
• Contract agreements
• Bank statements
• Financial statements
• Digital transaction logs

Taxpayers must keep complete and accurate records for audit and investigations.

10. Penalties for Non-Compliance (2025 Update)

The penalties have been updated and, in most cases, increased.

Penalties now apply for:

• Late filing
• Non-filing
• False declarations
• Inaccurate returns
• Poor record-keeping
• Failure to provide electronic documentation

Compliance is no longer optional—it is mandatory.

Conclusion: The 2025 Tax Reform Requires Early Preparation

The 2025 tax reform has transformed Nigeria’s tax filing system. With new digital mandates, stricter deadlines, and enhanced documentation requirements, taxpayers must adapt quickly to avoid penalties.

Whether you’re a business owner or an individual taxpayer, early preparation and proper understanding are crucial.

Need Help Filing Taxes Under the 2025 Reform? Let Skypro Handle It.

Tax filing under the new regime can be overwhelming—especially with the government’s increased focus on digital compliance and audits.

Skypro Professional Services offers:

✔ Full tax filing support
✔ Digital compliance set-up (e-filing, e-invoicing, documentation)
✔ CIT, VAT, PAYE, WHT & CGT filing
✔ Penalty prevention
✔ SME tax planning & advisory

📞 Call/WhatsApp: +234 9064646156
📧 info@skyproservices.com.ng

Stay compliant. Stay protected. Save money legally.