Military pensioners, veterans, excluded from new tax law - MPB
[NigerianEye - Nigeria] - 22/09/2025
The Military Pensions Board (MPB) has assured retired military personnel that their pensions, gratuities, and death benefits remain fully exempt from taxation under the newly enacted Nigerian Tax Administration Act (NTAA) 2025.The clarification follows concerns raised by veterans after President Bola Tinubu signed the NTAA into law on May 22, 2025. The law, which introduces wide-ranging reforms, is scheduled to take effect from January 1, 2026.One of the key provisions of the NTAA is the mandatory use of a Tax Identification Number (TIN) for all financial transactions, including banking, (…)
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