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A common myth is that companies only need to ‘worry about tax’ once they start making a profit. In 2026, this is legally incorrect. The Nigeria Tax Act 2025 mandates that every business registered with the CAC must be active in the tax system within a specific window.
The 2026 Registration Deadlines
- Initial Registration: Within 30 days of incorporation.
- First CIT Return: Within 18 months of incorporation or 6 months after the first financial year-end (whichever is earlier).
- VAT Registration: Immediately upon starting business operations.
For more on the first filing, see How to File Zero Returns. If you miss these windows, you face a ₦50,000 fine in the first month. Check out our Compliance Checklist for more. For official clarification, visit the NRS Portal or KPMG Nigeria.”