National Economy
Monday, November 24, 2025
No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Energy
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Analysis
    • Money Guide
    • Growth
    • Sport Economy
News
National Economy
No Result
View All Result
  • Home
  • News
  • Lead-In
  • Energy
  • Economy
  • Tech
  • States & Politics
  • Commentary
  • Editorial
  • Data
  • Others

Commercial Sex Workers To Pay Income Tax Under New Law

by Anita Jacobs
October 1, 2025
in Business
Sex workers,Income

Income earned by commercial sex workers will now be taxable under Nigeria’s updated fiscal laws, Taiwo Oyedele, chairman of the presidential committee on fiscal policy and tax reforms, confirmed on Monday.

In a video posted on X, Oyedele explained that the new tax system does not distinguish between legitimate and illegitimate sources of income, focusing solely on whether money is earned from goods or services.

“If somebody is providing a service — even in commercial sex work — they will pay tax on it,” he said.

Oyedele clarified that gifts or money sent to relatives, friends, or strangers are not taxable, as they are classified as non-exchange transactions. Recipients of such gifts are not liable for tax, though the giver should have paid tax on their income.

The new regulations are part of broader reforms under four bills signed into law by President Bola Tinubu on June 26, including the Nigeria Tax Act, the Nigeria Tax Administration Act, the Nigeria Revenue Service (Establishment) Act, and the Joint Revenue Board (Establishment) Act.

YOU MAY ALSO LIKE

TotalEnergies Backs NUPRC Reforms, Signals Interest in 2025 Licensing Round

Oborevwori Pushes For Fair Tax Reforms To Curb Hardship, Boost Investor Confidence

Author

  • Olushola Bello
    Olushola Bello

Tags: Income
ShareTweetShare

OTHER GOOD READS

TotalEnergies Backs NUPRC Reforms, Signals Interest in 2025 Licensing Round
Business

TotalEnergies Backs NUPRC Reforms, Signals Interest in 2025 Licensing Round

3 days ago
Oborevwori Pushes For Fair Tax Reforms To Curb Hardship, Boost Investor Confidence
Business

Oborevwori Pushes For Fair Tax Reforms To Curb Hardship, Boost Investor Confidence

3 days ago
Yuan Weakens To 7.1418 Per Dollar Amid Market Shifts
Business

Yuan Softens As Central Parity Rate Slides To 7.0872/$

4 days ago
Next Post
FAAN Seeks Investment In Cargo, Aviation Industry

FAAN Rolls Out Contactless Payment System At Lagos, Abuja Airports

© 2025 | National Economy Newspaper | All Rights Reserved

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Energy
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Analysis
    • Money Guide
    • Growth
    • Sport Economy

© 2025 | National Economy Newspaper | All Rights Reserved