“
In 2026, the cost of non-compliance in Nigeria has skyrocketed. The government has introduced ‘Automated Enforcement,’ where the system flags late filings instantly. Ignorance of the law is no longer a valid excuse for missing a VAT or CIT deadline.
Primary Penalties for 2026
- Late Filing: ₦100,000 for the first month and ₦50,000 for every month after. See 2026 Late Filing Updates.
- Non-Remittance of WHT: 40% of the tax due plus interest.
- Tax Evasion: Fines up to 100% of the tax avoided and potential prison time.
- Account Freezing: The NRS can now place a ‘Lien’ on your bank account for unpaid debts.
Beyond money, a major penalty is the denial of your Tax Clearance Certificate, which kills contract opportunities. For a full list of statutory fines, visit the NRS official site or refer to Proshare’s Tax Reports.”