Capital Allowance Under the Nigeria Tax Act 2025: What Every Business Must Know
Nigeria’s tax landscape has shifted. The new Nigeria Tax Act (NTA) 2025 has rewritten the capital allowance rules. If your business invests in assets—machinery, equipment, vehicles, buildings, or even major renovations—you need to pay close attention.
Get this wrong, and you will overpay tax by millions of naira. Get it right, and you unlock significant cash flow relief that can fund your next expansion. The difference is not academic. It is real money.
The Federal Government describes the NTA 2025 as a “paradigm shift” designed to stimulate economic growth by protecting the vulnerable and simplifying the business environment. The new regime consolidates over 60 disparate taxes into fewer than 10 clearly defined statutes, marking the most ambitious fiscal overhaul in Nigeria’s history. The reforms prioritise fairness, replacing regressive “nuisance taxes” with a modern framework that aligns with international best practices.
This guide breaks down everything you need to know: the new rates, the documentation you cannot ignore, the CAFA process for priority sectors, the hidden pitfalls, and exactly how to position your business for maximum relief. Let us get into it.
The Pain Points: Why Nigerian Businesses Are Struggling with Capital Allowance Under NTA 2025
Confusion Over the New Rate Tiers
The NTA 2025 introduced three distinct rate tiers: 25%, 20%, and 10%. Sounds simple, right? It is not. Many businesses are misclassifying their assets. A piece of equipment that qualified for 25% under the old rules might now fall under 20% or even 10%. The definitions are tighter. The categories are narrower. And the penalties for misclassification are severe.
According to the Nigerian Investment Promotion Commission (NIPC), capital allowances are now calculated at 10%, 20%, or 25% on an annual straight-line basis, with a 1% residual value in the final year. The initial allowance has been abolished entirely.
Manufacturers are particularly vulnerable. A factory owner in Ogun State recently told us he assumed all his production machinery qualified for the top tier. A deeper review revealed that only 60% of his assets actually met the new criteria. He had overclaimed by N8 million in projected relief. That kind of error invites a full audit.
The CAFA Bottleneck
The Certificate of Acceptance of Fixed Assets (CAFA) is now mandatory for claiming capital allowances in priority sectors. Under Section 27(2)(a) of the NTA, companies in these sectors must obtain and submit CAFA when claiming capital allowances on qualifying capital expenditure.
But obtaining it is not a walk in the park. The Industrial Inspectorate Department (IID) of the Federal Ministry of Industry, Trade and Investment is overwhelmed. Applications are backlogged. Many businesses submit their CAFA applications and wait months without feedback.
A Bill has been introduced to amend the Industrial Inspectorate Act, CAP 180, Laws of the Federation 2004, to reform the Certificate of Acceptance of Fixed Assets regime and make it more effective and transparent. This reflects the government’s recognition that the current CAFA process needs significant improvement.
Meanwhile, the tax filing deadline does not wait. If your CAFA is not ready by the time you file, you lose the incentive for that year. You cannot backdate it. For a business spending N100 million on qualifying assets, that could mean millions lost because of bureaucratic delays.
Poor Record Keeping and Incomplete Asset Registers
This is the silent killer of capital allowance claims. The Nigeria Revenue Service (NRS)—formerly the Federal Inland Revenue Service (FIRS)—will not accept a rough estimate. They want detailed asset registers. They want invoices. They want proof of payment dates. They want classification justifications.
Most SMEs simply do not maintain this level of documentation. They buy equipment, throw the receipt in a drawer, and move on. When the tax auditors come knocking, they scramble to produce records. By then, it is often too late. The claim gets disallowed, and the business pays tax on profits that should have been shielded.
Cash Flow Strain and Timing Mismatches
Capital allowance relief is supposed to reduce your tax bill. But the relief comes after you file, not before. You still need to pay the tax upfront based on your projected profits. For many businesses, this is a severe cash flow strain.
Here is the problem: you spend heavily on capital assets, expecting the allowance to reduce your tax payable. But the tax is due quarterly or annually, and the allowance only reduces the final liability. If your projections are wrong, or if your claim is challenged, you are left scrambling for working capital.
Audit Anxiety and the New Enforcement Powers
The Nigeria Revenue Service has sharper teeth under the NTA 2025. Their enforcement powers are broader. Their audit cycles are more frequent. And they are specifically targeting capital allowance claims because they know this is where many businesses make errors.
The NRS is deploying a “single window” for tax administration, moving toward e-invoicing and automated audits to eliminate harassment and corruption. This means more scrutiny, not less.
The fear is real. A single disallowed claim can lead to back taxes, interest, and penalties that wipe out an entire year’s profit. Business owners are losing sleep over this, and frankly, they should be worried.
The Cost of Getting It Wrong
Many businesses are discovering the hard way that the new rules are not optional. A logistics company in Lagos recently had its capital allowance claim of N15 million disallowed because its asset register was incomplete. The NRS imposed back taxes, interest, and penalties totaling N22 million. The company’s profit for the year was wiped out.
That is not an isolated case. The NRS is actively auditing capital allowance claims. They know this is where most businesses are vulnerable. If you are not prepared, you are leaving yourself exposed to significant financial risk.
What Is Capital Allowance?
Let us start with the basics. Capital allowance is not a deduction for day-to-day expenses like salaries or electricity. It is a tax relief on qualifying capital expenditure—the money you spend buying or improving long-term assets for your business.
Think of it as the government letting you write off the cost of your business assets over time against your taxable profits. Instead of deducting the full cost in the year you buy the asset (which the tax authorities would never allow), you get to spread that deduction over several years, following the rates set by the tax act.
Why Does It Matter?
Because capital expenditure is usually the biggest expense a growing business faces. If you are a manufacturer spending N200 million on new production lines, or a logistics company buying 50 trucks, or an agribusiness investing in irrigation systems, capital allowance determines how much of that spend you can use to reduce your tax bill.
Without capital allowance, your taxable profit would be artificially high. You would pay company income tax on revenue that was already spent on productive assets. The allowance corrects this imbalance. It recognises that investing in assets is good for the economy and rewards you for doing it.
Old Regime vs. NTA 2025
Under the old Companies Income Tax Act (CITA), the rules were clunky. There was a restrictive 66⅔% cap on capital allowance deductions. That cap limited how much relief you could claim in any given year, regardless of how much you spent. Many businesses left money on the table simply because they hit the ceiling.
The NTA 2025 has removed that cap completely. You can now claim the full applicable rate on your qualifying expenditure without hitting an artificial limit. For capital-intensive businesses, this is a game-changer.
The NTA consolidates and simplifies the fiscal framework, repealing and replacing major acts including CIT, PIT, VAT, and CGT. The reforms have eliminated the tax burden for many—for instance, individuals earning up to N800,000 now enjoy a 0% tax rate. The law also removes the “taxation of capital” and focuses on actual profitability.
But there is a catch. The new rates are stricter in some areas. The classification system is more precise. And the CAFA requirement for incentives adds a new layer of compliance. The trade-off is that if you get it right, your relief is larger. If you get it wrong, the penalties are harsher.
The New Rates Under NTA 2025: A Deep Dive
One of the biggest changes is how assets are now classified. The NTA 2025 categorises qualifying assets into three distinct tiers. Each tier carries its own annual allowance rate. But here is the thing: you cannot guess which tier your assets fall into. The Act provides specific definitions, and the Industrial Inspectorate has the final say.
According to the NIPC’s official investment incentives document, capital allowances are governed by Sections 27(1)-(2) and the Schedules of the NTA 2025.
Tier 1: 25% Per Annum
This is the top tier. It applies to assets that are considered the most critical to economic development. These typically include:
Industrial buildings used for manufacturing or processing
Plant and machinery directly used in production
Agricultural equipment and infrastructure
Equipment used in solid minerals exploration and processing
Certain energy and power generation assets
If you run a factory, a farm, or a mining operation, most of your core assets likely sit here. The 25% rate is generous. It allows you to write off a significant portion of your investment within four years. But the definition of “directly used” is tighter than before. Ancillary equipment—like office air conditioners or administrative vehicles—does not qualify for this top rate.
Tier 2: 20% Per Annum
The middle tier covers assets that are important but not deemed critical infrastructure. Examples include:
Commercial vehicles (trucks, vans, buses used for transport)
Office equipment (computers, servers, networking gear)
Furniture and fittings
Machinery not directly used in core production (e.g., packaging equipment in a non-core facility)
Certain types of leasehold improvements
Most service businesses will find their assets here. A logistics company with a fleet of 50 trucks will claim 20% annually on those vehicles. An IT firm buying N50 million worth of servers and workstations will also sit in this bracket.
Tier 3: 10% Per Annum
The lowest tier applies to assets with longer useful lives or lower economic impact. These include:
Commercial buildings (offices, warehouses, retail spaces)
Civil engineering structures
Long-life plant that is not technology-intensive
Motor vehicles used for administrative rather than operational purposes
A real estate developer building a shopping complex will claim 10% on the structure. An oil and gas company building pipelines will also fall here. The lower rate reflects the long-term nature of these assets.
Practical Example
Let us run a real-world scenario. A manufacturing company in Lagos spends N150 million on new production equipment. That equipment qualifies for the 25% tier. In year one, the capital allowance is N37.5 million. If the company’s taxable profit is N200 million, that N37.5 million deduction reduces the tax liability significantly. Assuming a 30% corporate tax rate, the saving is N11.25 million in year one alone. Multiply that over four years, and the total relief is substantial.
The Economic Development Tax Incentive (EDTI)
This is where things get really interesting. The NTA 2025 introduced the Economic Development Tax Incentive, and it is a massive opportunity for businesses in priority sectors.
What Is EDTI?
EDTI allows eligible businesses to claim an additional 5% annual tax credit on qualifying capital expenditure. Not a deduction—a tax credit. There is a difference. A deduction reduces your taxable profit. A tax credit reduces your tax liability directly.
You can claim this additional credit for up to five years. For a business spending N100 million on qualifying assets, that is N5 million in tax credits per year. Over five years, that is N25 million directly off your tax bill. No deduction. No cap. Just pure savings.
According to the NIPC, the EDTI is a five-year tax incentive programme under the Nigeria Tax Act 2025 that grants businesses tax credits on eligible capital expenditure to promote investment in priority sectors. Tax-based incentives are now covered under the NTA 2025, following the consolidation of various tax laws into a single Tax Act to align the Nigerian tax regime with global best practice.
Who Qualifies for EDTI?
The priority sectors are clearly defined in the Act. They include:
Manufacturing and processing
Agriculture and agro-processing
Solid minerals exploration and mining
Energy and power generation
Information and communications technology (ICT) infrastructure
Healthcare infrastructure
Education infrastructure
If your business operates in one of these sectors and you invest in qualifying assets, you are eligible. But the eligibility is not automatic. You must first obtain a Certificate of Acceptance of Fixed Assets (CAFA) from the Industrial Inspectorate. Without that certificate, the additional 5% credit is completely out of reach.
The Minister of Solid Minerals Development has highlighted investor-friendly incentives such as import duty waivers, accelerated capital allowances, and tax holidays for the solid minerals sector. These incentives are being implemented alongside robust reforms that prioritise sustainable extraction and domestic processing.
The 5-Year Window
The EDTI credit is available for five consecutive years from the year the asset is first put into use. But here is the kicker: you must claim it in each year. If you miss a year, you lose it for that year. There is no carry-forward for missed EDTI claims.
This creates a pressure point. You need to file accurately and on time for five straight years. One lapse in compliance, one missed filing, and you forfeit that year’s credit. For a business with multiple assets acquired in different years, the tracking gets complex.
EDTI vs. Capital Allowance: What Is the Difference?
Capital allowance reduces your taxable profit. EDTI is a tax credit that reduces your actual tax payable. They work together, not instead of each other. You claim the full capital allowance (25%, 20%, or 10%) on your qualifying assets. On top of that, you claim the 5% EDTI credit if you are in a priority sector.
The combination can be powerful. A manufacturer spending N100 million on 25% tier assets gets N25 million in capital allowance deductions each year. That reduces taxable profit. Then they claim a 5% EDTI credit directly against their tax liability. The net effect is significantly lower taxes for five years.
CAFA: The Certificate That Unlocks EDTI and Capital Allowances
The Certificate of Acceptance of Fixed Assets (CAFA) is not optional if you want the EDTI or to claim capital allowances in priority sectors. It is mandatory. The Industrial Inspectorate Department (IID) of the Federal Ministry of Industry, Trade and Investment is the issuing authority.
What Is the CAFA Application Process?
The process has several stages:
Step 1: Asset Inventory and Valuation – You must compile a detailed inventory of all qualifying fixed assets. This includes purchase dates, costs, descriptions, and intended use. The valuation must be accurate and supported by invoices.
Step 2: Application Submission – You submit the application to the Industrial Inspectorate Department, along with all supporting documentation. The application must include a cover letter explaining why your business qualifies for the priority sector designation.
Step 3: Inspection – The Industrial Inspectorate may conduct a physical inspection of the assets. They verify that the assets exist, are in use, and match the descriptions in the application.
Step 4: Issuance of CAFA – If everything checks out, the Industrial Inspectorate issues the CAFA. This certificate confirms that your fixed assets are accepted for capital allowance purposes and qualify for the EDTI.
How Long Does It Take?
This is the pain point. The process is not fast. Delays of three to six months are common. The Industrial Inspectorate Department is understaffed, and the volume of applications has surged since the NTA 2025 came into effect.
A Bill has been introduced to amend the Industrial Inspectorate Act to reform the certificate of acceptance of fixed assets regime to make it more effective and transparent and to bring it in line with current realities. This legislative reform signals that the government is aware of the bottlenecks and is taking steps to address them.
Your best strategy is to apply as early as possible. Do not wait for the tax year-end. Apply as soon as you acquire the assets and put them into use. If you wait, you risk missing the filing deadline and losing the credit.
What Happens If CAFA Is Rejected?
Rejections happen. The most common reasons are incomplete documentation, incorrect asset classification, or failure to prove the asset is actually used in a priority sector activity.
If your CAFA is rejected, you appeal the decision through the Industrial Inspectorate’s internal review process. That takes more time. In many cases, businesses are better off re-applying with corrected documentation rather than fighting a lengthy appeal.
The lesson is clear: get professional help to prepare your CAFA application. A rejection costs you time, money, and the EDTI credit.
Why Documentation Is Everything
Capital allowance claims are scrutinised heavily during tax audits. The NRS knows this is a soft spot for many businesses. They will ask for evidence. If you cannot produce it, your claim gets disallowed.
What Does Proper Documentation Look Like?
At a minimum, you need:
Asset Register: A detailed ledger listing every qualifying asset. It must include description, purchase date, cost, useful life, classification tier, and annual allowance claimed.
Invoices and Receipts: Proof of purchase from suppliers. The invoices must clearly show the asset description, cost, and date of acquisition.
Proof of Payment: Bank statements or payment receipts confirming the transaction.
CAFA Certificate: If you are claiming EDTI or capital allowances in priority sectors, this is non-negotiable.
Lease Agreements: If assets are leased or financed, the agreements must be provided.
The Cost of Poor Documentation
We have seen it happen too many times. A business claims N20 million in capital allowance. The NRS audits them. They cannot produce the asset register. The invoices are incomplete. The payment dates do not match the claim period. The claim is disallowed. The business now owes N20 million in back taxes, plus interest and penalties.
That is not a hypothetical. That is a real scenario playing out across Nigeria right now. The NRS is aggressive. They are targeting capital allowance claims specifically because they know most businesses are sloppy.
How to Stay Audit-Ready
The solution is simple but requires discipline. Maintain your asset register from day one. Update it every time you acquire or dispose of an asset. Keep all invoices and receipts in a single organised folder. Back up everything digitally.
If you are in a priority sector, start the CAFA application process immediately after acquisition. Do not wait for the tax year-end. The earlier you apply, the earlier you get the certificate.
Strategic Planning: Timing Your Capital Investments
Capital allowance is not just a compliance exercise. It is a strategic planning tool. The timing of your capital investments directly affects your tax position.
Buy Early in the Financial Year
Capital allowance is calculated based on the asset being in use for a certain period. If you buy an asset late in the financial year, you may only get a prorated allowance. Purchasing early in the year maximises the allowance you can claim in that tax period.
Align Investments with Profitability
If your business is loss-making, claiming capital allowance may not help you immediately. You have a choice: claim the allowance now and carry forward the tax loss, or defer the claim to a future profitable year. The NTA 2025 allows some flexibility, but you must plan this carefully.
Consider Leasing vs. Buying
Leasing and financing arrangements have different tax treatments. Under a finance lease, the lessee may be entitled to capital allowance. Under an operating lease, the lessor typically claims it. Understanding the difference can save you millions.
Group Structuring
If you operate multiple entities, consider which entity holds the assets. Entities in priority sectors or with higher profits benefit more from capital allowance. Placing assets in the right structure is a legitimate tax planning strategy.
How Qeeva Advisory Helps You Navigate the New Regime
We understand that the new capital allowance rules can feel like a maze. The rates are different. The CAFA process is unfamiliar. And the cash flow implications are significant.
Our Advisory Services Nigeria help you understand the new rules, classify your assets correctly, and build strategies that maximise your relief while keeping you fully compliant with the NTA 2025. Our professionals specialise in investments, taxation, corporate advice, acquisitions, and valuations.
Accurate records are the bedrock of any claim. Our Bookkeeping Services ensure your financial data is accurate and complete. We maintain your assets and equipment ledger, prepare annual accounts and tax returns, and handle submissions to Inland Revenue. A proper asset register is not optional – it is essential for audit survival.
For businesses in priority sectors, our Tax Strategies and Planning services guide you through the CAFA requirements and help you claim that extra 5% Economic Development Tax Incentive. We cover Company Income Tax, VAT, Withholding Tax, transfer pricing, and all other relevant taxes.
Compliance is not just about filing returns. Our Regulatory Compliance services ensure your business meets all filing requirements and stays in good standing with the Nigeria Revenue Service. Proper documentation of qualifying capital expenditure is a business strategy, not a burden.
And because capital allowance planning is about more than tax, our Risk Management services help you identify and manage risks across regulatory compliance, fraud prevention, and tax governance. We help you stay audit-ready.
For businesses needing broader support, our Business Plan Service helps you prepare professional business plans that attract investors and satisfy lender requirements. Our Financial Advisory services assist with capital investment structuring, and our Business Valuation services are relevant when assessing capital assets for capital allowance purposes.
Our Service Methodology
We do not do generic. We do thorough, transparent, and actionable.
Step 1: Capital Allowance Review
We review your current capital assets, expenditure records, and existing tax filings. We identify qualifying capital expenditure and ensure alignment with the NTA 2025 requirements. This step draws on our Advisory Services Nigeria expertise and our Bookkeeping Services to guarantee your records are accurate.
Step 2: Asset Classification
We help you classify your assets into the correct rate tiers – 10%, 20%, or 25% – and calculate the applicable capital allowance. Our Tax Strategies and Planning team ensures your classification is both accurate and optimised for maximum tax relief.
Step 3: CAFA Documentation
For businesses operating in priority sectors, we guide you through obtaining and submitting the Certificate of Acceptance of Fixed Assets (CAFA). Our Advisory Services Nigeria team handles the application process and ensures compliance with the Industrial Inspectorate Act requirements.
Step 4: Economic Development Tax Incentive Claims
We help you claim the 5% annual tax credit on eligible capital expenditure for up to five years under the EDTI scheme. Our Advisory Services Nigeria team ensures you maximise every available incentive.
Step 5: Ongoing Monitoring and Support
Capital allowance compliance is not a one-time exercise. We help you monitor compliance, update your asset registers, and stay current with regulatory changes. We provide ongoing support through our Advisory Services Nigeria , Regulatory Compliance , and Risk Management services.
Frequently Asked Questions
Q: What is the capital allowance rate under the NTA 2025?
A: The NTA 2025 classifies assets into three tiers: 25%, 20%, and 10% per annum on a straight-line basis, with a 1% residual value in the final year. The specific rate depends on the type of asset and how it is used in your business.
Q: What is the Economic Development Tax Incentive (EDTI)?
A: EDTI is a new incentive that allows businesses in priority sectors to claim an additional 5% annual tax credit on qualifying capital expenditure. You can claim this for up to five years.
Q: What is a CAFA and why do I need it?
A: CAFA stands for Certificate of Acceptance of Fixed Assets. It is issued by the Industrial Inspectorate Department of the Federal Ministry of Industry, Trade and Investment and is mandatory for claiming capital allowances in priority sectors under Section 27(2)(a) of the NTA.
Q: How has the NTA 2025 changed capital allowance claims?
A: The Act introduced new asset classification rates, removed the 66⅔% restriction on claims, and introduced the CAFA requirement for priority sector incentives. The changes are significant and require careful compliance.
Q: What records do I need to support my capital allowance claim?
A: You need proper asset registers, invoices, purchase dates, asset classifications, and accurate bookkeeping records. The NRS will scrutinise these documents during an audit.
Q: What happens if the NRS disallows my capital allowance claim?
A: Disallowance triggers back taxes, interest, and penalties. The financial impact can be severe. That is why proper documentation and classification are essential.
Q: Can I claim capital allowance if my business is in a loss position?
A: Yes, but the claim may not immediately benefit you. You can carry forward the loss or, in some cases, carry back the allowance. Professional advice is recommended.
Q: How long does it take to get CAFA from the Industrial Inspectorate?
A: The process typically takes three to six months, but delays are common. Applying early is essential to avoid missing the tax filing deadline.
Q: Do leased assets qualify for capital allowance?
A: It depends on the lease structure. Finance leases generally allow the lessee to claim capital allowance. Operating leases typically do not. Expert guidance is needed to determine the correct treatment.
Q: How can Qeeva Advisory help with capital allowance compliance?
A: We provide advisory services, asset classification, CAFA documentation support, bookkeeping, tax planning, and ongoing monitoring to ensure you claim maximum relief without risking penalties.
Q: What are the penalties for incorrect capital allowance claims?
A: Penalties include disallowance of the claim, back taxes, interest, and potential sanctions. In severe cases, criminal prosecution is possible under the NTA 2025.
Q: Can I claim EDTI on assets acquired before the NTA 2025 came into effect?
A: Generally, no. The EDTI applies to qualifying capital expenditure incurred after the effective date of the Act. Specific transitional rules may apply, so professional advice is recommended.
The Bottom Line
Nigeria’s new capital allowance regime offers real opportunities for businesses that invest in assets. Higher rates. A new 5% incentive. The removal of restrictive caps. For manufacturers, agribusinesses, tech firms, and other priority sectors, the financial upside is substantial.
But the rules are stricter too. The documentation requirements are tougher. The CAFA process is a hurdle. The NRS is more aggressive in enforcement. Getting it wrong means penalties. Getting it right means significant tax savings.
The Federal Government has issued General Guidelines for the implementation of the Tax Acts 2025, setting out the process for transition from the repealed tax laws to the new tax framework effective from January 1, 2026. The guidelines cover income taxes, transaction taxes, development levies, tax incentives, exemptions, record-keeping obligations, and transactions that span both the old and new tax regimes.
Your job is to be prepared. Classify your assets correctly. Maintain proper registers. Apply for CAFA early. Seek professional guidance to navigate the complexity.
With the right records and the right partner, you can turn capital allowance from a compliance headache into a strategic tax advantage.
The choice is yours.
Suggested Reading from Our Blog
Basic Ethical Issues in Taxation Under Nigeria’s New Tax Laws (2025) – Explore the ethical challenges arising from the 2025 tax reforms.
Basis for Taxation of Enterprises in Free Trade Zones in Nigeria – Understand the legal basis for taxing FTZ enterprises under the new framework.
Assessment, Objections, Appeals, and Remittances in Nigerian Tax – A complete guide to dispute resolution under the NTAA 2025.
Circumstances When the NRS Can Assess a Company Based on Turnover – Know when the tax authority can estimate your tax based on sales rather than profits.
Related Services
Our Advisory Services Nigeria are staffed by professionals specialising in investments, financials, taxation, corporate advice, acquisitions, and valuations. We help you understand the new capital allowance rules and develop strategies to maximise relief while staying compliant.
Our Tax Strategies and Planning services cover CIT, VAT, WHT, transfer pricing, and more. We help you navigate CAFA requirements and claim available incentives.
Our Regulatory Compliance service ensures your business meets all filing requirements and maintains good standing with the Nigeria Revenue Service.
Our Bookkeeping Services provide day-to-day bookkeeping, asset ledger maintenance, and annual accounts preparation. Proper asset registers are the foundation of any capital allowance claim.
Our Risk Management services help you identify and manage tax governance risks, audit exposures, and compliance gaps.
Our Business Plan Service helps you prepare professional business plans that attract investors and satisfy lender requirements.
Our Financial Advisory services assist with capital investment structuring and funding access.
Our Business Valuation services are relevant when assessing capital assets for capital allowance purposes.
Our Internal Control Services strengthen internal controls around asset registers, documentation, and compliance processes.
Let’s Talk About Your Capital Allowance Compliance
Navigating Nigeria’s new capital allowance regime can feel like walking through a maze. At Qeeva Advisory, we understand the challenges businesses face under the NTA 2025 – from understanding the new rates to complying with documentation requirements and planning for cash flow implications.
Whether you need help understanding the new capital allowance rules, classifying your assets correctly, obtaining CAFA for priority sector claims, claiming the 5% EDTI, planning your capital investments for optimal tax outcomes, or managing risks associated with tax audits, we are here to support you.
📞 Call us: (+234) 802 320 0801, (+234) 807 576 5799
📧 Email: info@qeeva.com
📍 Visit us: 5, Ishola Bello Close, Off Iyalla Street, Alausa, Ikeja, Lagos, Nigeria
Contact us today to schedule a consultation. Let us help you navigate Nigeria’s new capital allowance regime with confidence.
Reference Links / Sources
Federal Ministry of Information – NTA 2025 Implementation Framework
Nigerian Investment Promotion Commission – Investment Incentives
NALTF – Industrial Inspectorate Act Amendment Bill
Federal Ministry of Solid Minerals Development – Sector Incentives
Federal Ministry of Finance – Tax Reform Guidelines
New tax act slows capital allowance relief timing – BusinessDay NG
NTA 2025 shifts the tax goalposts for capital-intensive investors – BusinessDay NG
Capital Allowance Under Nigeria’s Tax Reform – Sunmola David
The Impact of the Nigeria Tax Act 2025 on Corporate Planning – Andersen
Tax Incentives Under the NTA 2025: Enhancing Investment Opportunities for Business – Andersen
Removal of the 66⅔% Capital Allowance Restriction – Aluko & Oyebode
Nigeria Tax Act 2025 – LawGlobal Hub
Nigeria Tax Act 2025 ‘ll reshape incentives, strategy for manufacturers — Expert – Vanguard
