FIRS Clarifies 4% Development Levy on Imports
The FIRS clarifies the 4% Development Levy is a consolidation of existing charges, not a new tax. Read details on exemptions, free trade zones, and reactions from Nigerian importers.
Category : Search result: tax revenue
FIRS Explains 4% Levy, Says It's Not an Additional Tax
The FIRS clarifies that Nigeria's new 4% development levy consolidates existing charges, aims to simplify compliance, and boost investment. Learn how the tax reforms affect businesses and FTZs.
Don Calls for Stronger TETFund Oversight, Tax Relief
Professor Muritala Awodun urges government to strengthen TETFund oversight, stabilise tax policies, and reduce levies on educational materials to ease pressure on Nigeria's education sector.
TIN Not Mandatory for Personal Bank Accounts - FG
The Federal Government clarifies that Tax Identification Numbers are only required for personal bank accounts used for business transactions. Learn the new rules before the January 2026 deadline.
AI's Role in Fixing Nigeria's Tax Trust Deficit
Nigeria's new 2025 tax reforms face public skepticism. This analysis explores how Artificial Intelligence, not just policy changes, can build trust by ensuring transparency in revenue collection and spending.
Manufacturers Warn of Job Losses Over New Sugar Tax
Nigerian manufacturers oppose a Senate bill to raise sugary drink taxes to 20%, fearing massive job losses. Health Ministry backs the tax for public health funding. Read the full debate.
Taxtech: New Law Raises Low-Income Spending Power
Taxtech explains Nigeria's new progressive tax law: minimum wage earners pay zero tax, low-income workers see lower rates, boosting purchasing power. High earners pay more.
New Tax Law 2025: What Nigerian Workers Must Know
Nigeria's comprehensive Tax Act 2025 takes effect Jan 1, 2026. This guide explains new rates, deductions, and how to calculate your tax as a salary earner or freelancer.
New Tax Regime May Trigger Capital Flight - Expert
Dele Kelvin Oye warns Nigeria's 2025 Tax Act with 200% CGT hike could derail investments. Discover the risks and proposed policy solutions to safeguard Nigeria's economy.
NOA to Drive Public Tax Law Education Before 2026
National Orientation Agency partners with tax committee to educate Nigerians about new Tax Act benefits starting January 2026. Learn how this affects you and combat misinformation.
How Citizen Movements Shaped Nigeria's Tax Reforms
Discover how sustained citizen advocacy through Oxfam programs influenced Nigeria's new tax laws and climate justice initiatives, empowering communities across multiple states.
Tinubu Sets Up National Tax Implementation Committee
President Tinubu establishes National Tax Policy Implementation Committee chaired by Joseph Tegbe to coordinate new tax laws rollout. Committee to ensure seamless implementation.
Health Minister Pate Advocates Stronger SSB Tax Reform
Nigeria's Health Minister Prof. Ali Pate joins CSOs urging Senate to replace fixed ₦10/litre SSB tax with percentage-based levy to curb rising diabetes, obesity rates and fund healthcare.
CIT Revenue Reaches N2.78 Trillion in Q2 2025
Federal government records N2.78 trillion company income tax in Q2 2025, a 40.27% quarterly increase. Financial services sector drives growth while manufacturing faces challenges.
CIoD Demands Tax Reforms Benefit Infrastructure by 2026
CIoD Nigeria urges Federal Government to ensure 2026 tax reforms directly improve infrastructure like roads, healthcare, and education. Learn how reforms aim to diversify revenue.
CIT Revenue Reaches N2.78 Trillion in Q2 2025
Federal government records N2.78 trillion company income tax in Q2 2025, a 40.27% quarterly increase. Financial services sector dominates while manufacturing faces challenges.
Nigeria to Cut CGT and Corporate Tax Rates in 2026
Federal government confirms plans to reduce Capital Gains Tax from 30% to 25% and Corporate Income Tax from 30% to 25% in 2026. Tax reforms to boost business profitability and attract investments.
98% of Nigerian Workers Exempt from Income Tax by 2026
Tax reforms chairman Taiwo Oyedele reveals 98% of Nigerian workers will be exempt from personal income tax starting January 2026. Small businesses also get VAT relief. Learn how this affects you!
CITN Links Tax Reform Success to Professionalism
CITN President emphasizes that Nigeria's January tax reforms require ethical, professional tax workforce. 685 new fellows urged to lead transformation.
98% of Nigerian Workers Exempt from Income Tax
Nigeria's new tax reforms will exempt 98% of workers from personal income tax starting January 2026. Learn how SMEs and low-income earners benefit from VAT exemptions and other incentives.
VAT hits N2.06 trillion in Q2 2025, 7th consecutive rise
Nigeria's VAT collections surge to N2.06 trillion in Q2 2025, recording seventh consecutive quarterly growth since economic reforms. Manufacturing leads sectoral contributions with 27.19% share.
LIRS Promotes Tax Education in Lagos Schools
Lagos Inland Revenue Service partners with DKK to host Tax Trybe debate competition, educating students about taxation importance and creating future tax ambassadors.
VAT collections hit N2.06tr in Q2, 7th consecutive rise
Nigeria's VAT revenue surges to N2.06 trillion in Q2 2025, marking a 32.15% year-on-year increase and the seventh consecutive quarterly rise since economic reforms began.
ACCI Calls for More Engagement on New Tax Laws
The Abuja Chamber of Commerce urges the Federal Government to increase stakeholder engagement for the successful implementation of new tax reforms set for 2026. Learn more about the key changes.
FG Clarifies Tax Law Misconceptions for 2026
Federal Government clarifies misconceptions about new 2026 tax reforms. Most Nigerians will pay less or no tax. VAT removed from food, education, healthcare.
New Nigerian Tax Guide: Register, Pay via Approved Channels
Learn the new digitised tax process for Nigerian businesses. Register on TaxPro-Max, generate assessments, and pay via approved channels like Flutterwave and Remita. All funds go to CBN.
FIRS Counters Atiku on Tax Collection Claims
FIRS refutes Atiku Abubakar's claims about revenue collection monopoly, explaining its multi-provider system. Learn the facts about Nigeria's transparent tax framework.
FIRS Debunks Atiku's Tax Collection Allegations
Nigeria's FIRS refutes former VP Atiku's claims about revenue collection system, defends multi-channel payment platform transparency. Learn the facts about tax reforms.
Simplified Digital Tax Payment Guide for Nigerian Businesses
Learn how Nigerian businesses can now pay taxes easily through the fully digital TaxPro Max system. This guide explains the secure process, approved payment channels, and benefits for national development.
RMAFC Probes Electronic Transfer Levy 2019-2022
Nigeria's RMAFC investigates Electronic Money Transfer Levy disbursements from 2019-2022 to ensure transparency and accountability in revenue collection for all government tiers.
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