About TaxVerify

Simplifying tax compliance for all Nigerians under the new Tax Act 2025

Our Mission

TaxVerify was created to bridge the gap between Nigerian taxpayers and the new tax compliance requirements under the Nigeria Tax Act 2025.

We believe that accessing your Tax ID and understanding your tax obligations should be simple, fast, and affordable for everyone - from remote workers and employees to businesses and employers.

What We Offer

  • Instant Tax ID generation in 2 seconds
  • Free tax calculator based on Nigeria Tax Act 2025
  • Educational resources on tax optimization
  • Secure verification through official databases

Who We Serve

TaxVerify is designed for all Nigerians who need to comply with the new tax regulations

Employees

Salaried workers who need their Tax ID for employment and PAYE compliance

Employers

Business owners who need to verify and manage employee tax information

Businesses

Companies requiring Tax ID for registration and corporate compliance

Remote Workers

International and local freelancers who need to declare and manage their taxes

Understanding the Nigeria Tax Act 2025

Key changes and what they mean for you

Tax-Free Threshold Introduced

For the first time, individuals earning ₦800,000 or less annually are legally exempt from personal income tax. This provides significant relief to low-income earners.

Progressive Tax Structure

The new act implements a progressive tax system where higher earners pay a higher percentage:

  • • 0% on first ₦800,000
  • • 15% on ₦800,001 – ₦3,000,000
  • • 18% on ₦3,000,001 – ₦12,000,000
  • • 21% on ₦12,000,001 – ₦25,000,000
  • • 23% on ₦25,000,001 – ₦50,000,000
  • • 25% above ₦50,000,000

Implementation Timeline

The Nigeria Tax Act 2025 becomes effective on January 1, 2026. All taxpayers are required to have a valid Tax ID for compliance.

How to Optimize Your Tax Payment

Legal strategies to minimize your tax burden

1. Maximize Deductions

Take advantage of allowable deductions such as pension contributions, life insurance premiums, and National Housing Fund contributions.

2. Pension Contributions

Voluntary pension contributions are tax-deductible and can significantly reduce your taxable income while securing your future.

3. Proper Record Keeping

Maintain accurate records of all income and expenses. This helps you claim all eligible deductions and avoid overpaying taxes.

4. Income Splitting

For business owners, consider income splitting strategies by employing family members or distributing income through legitimate business structures.

5. Tax-Advantaged Investments

Invest in government bonds and other tax-advantaged investment vehicles that may offer tax exemptions or reduced rates.

6. Timely Filing

File your taxes on time to avoid penalties and interest charges. Early filing also gives you more time to plan and optimize.

Disclaimer: The information provided is for educational purposes only. Always consult with a qualified tax professional for personalized advice on your specific situation.

Frequently Asked Questions

Why do I need a Tax ID?

Under the Nigeria Tax Act 2025, all taxpayers are required to have a Tax ID for compliance. It's used for filing returns, employment verification, and accessing certain government services.

How long does it take to get my Tax ID?

With TaxVerify, you get your Tax ID in just 2 seconds! Once payment is confirmed, we instantly verify your information and retrieve your Tax ID from official databases.

Is my information secure?

Yes! We use bank-level encryption and only access official government databases. Your information is never stored permanently and is only used for verification purposes.

What if my NIN doesn't work?

If your NIN is not found in the database, it may not be properly registered with the tax authorities yet. Please contact FIRS to ensure your records are up to date.

Do I need to pay tax if I earn less than ₦800,000?

No! Under the new tax law, individuals earning ₦800,000 or less annually are legally exempt from personal income tax. However, you still need a Tax ID for official purposes.

Ready to Get Your Tax ID?

Join thousands of Nigerians who have simplified their tax compliance with TaxVerify

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