Nigeria's tax framework now accommodates a simplified tax return mechanism aimed at easing the process by which micro-enterprises operating in the informal economy can become formally registered and compliant.
Under the new legal provisions, informal business operators—often referred to as participants in the informal hustle economy—are offered a streamlined pathway to fulfil their tax obligations. The simplified return is designed to reduce the administrative and compliance hurdles that have historically deterred small-scale entrepreneurs from entering the formal tax system.
The initiative reflects a broader policy objective of widening the tax base without imposing disproportionate burdens on low-revenue enterprises. By making tax filing less complex and more accessible, the law seeks to encourage voluntary compliance among traders, artisans, and other micro-business owners who have largely remained outside the tax net.
Further details on thresholds, filing procedures, and qualifying criteria were not available at the time of this report.
