Tax Reforms Committee Clarifies 2026 Rules: Family Remittances, Gifts Not Taxable

The Presidential Fiscal Policy and Tax Reforms Committee has released detailed clarifications addressing concerns by Nigerians in the diaspora about the new tax reforms taking effect in 2026.
This was disclosed in a material obtained from the Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele.
According to the document, genuine personal transfers such as family remittances, gifts, refunds, or community savings contributions are not treated as taxable income.
It explained that only income earned or deemed to be income, like wages, business profits, and investment returns, is subject to tax.
On double taxation, the committee clarified that income earned abroad and brought into Nigeria by a non-resident individual is now specifically exempted from tax in Nigeria, regardless of whether tax was paid abroad or not.