Post by Richard Chukwunagorom (@africardo)

Nigeria’s Ministry of Finance & NRS are introducing a presumptive tax for the informal sector.

Instead of taxing verified profits, small businesses may pay fixed taxes based on category or turnover.

Why this matters:

✔ Expands tax base
✔ Pushes formalisation
✔ Improves credit visibility

But risks include:

• Higher cost burden on micro businesses
• Overlapping levies
• Pushback from informal traders

For Fintech & PoS agents: More digital traceability.
More compliance pressure.

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