Tax Reforms to Favor Women, Youths, FG Assures
The Federal Government has assured that ongoing fiscal and tax reforms will create a fairer, more inclusive system supporting economic participation, with a focus on women, youths, and informal workers.
Category : Taxation
Oborevwori Backs Tax Ombud Office, Pledges Fiscal Reforms
Delta State Governor Sheriff Oborevwori endorses the new Tax Ombud Office, pledging alignment with federal tax reforms and plans to repeal the 2020 revenue law to eliminate multiple taxation and boost business ease.
Nigeria's Tax Reforms Aim for Fairer, Inclusive System
Minister Taiwo Oyedele and NTPIC Chairman Joseph Tegbe outline how landmark fiscal reforms will ease burdens on workers and SMEs while boosting economic competitiveness.
AfDB, WATAF Sign $5.52M Grant for West African Tax Reform
The African Development Bank has approved a $5.52 million grant to WATAF to boost tax systems in six West African nations, aiming to improve revenue collection and curb financial leakages.
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TaxStreem Launches Platform to Ease Business Tax Compliance
Nigerian startup TaxStreem unveils a digital platform automating tax calculations and filings for businesses, addressing challenges like fragmented records and complex regulations.
FG Introduces 1% Tax Levy for Nigeria's Informal Businesses
The Nigerian federal government has rolled out a new 1% presumptive tax targeting the informal sector to expand the tax base and increase revenue. The simplified system aims to encourage compliance and reduce illegal levies on small traders.
Lagos Tax Returns Mandatory by March 31, Penalties Explained
Lagos State Internal Revenue Service (LIRS) mandates all residents to file annual tax returns by March 31. Special Adviser Abideen Akande explains the self-assessment system, penalties for defaulters, and the online filing process via e-tax.lirs.net.
Nigeria Personal Income Tax: Complete Guide to Declaration
Learn everything about personal income tax declaration in Nigeria, including who must file, the March 31 deadline, required documents, and how the progressive tax system works for employees, freelancers, and business owners.
12 States Adopt Tax Harmonisation, 13 More Consider Bills
Taiwo Oyedele reports 12 states have enacted tax harmonisation laws, with 13 more reviewing bills to eliminate nuisance taxes and modernise Nigeria's fiscal system under President Tinubu's reforms.
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Nigerian Tax Law: No Double Tax on Diaspora Income
Nigeria's new tax reforms clarify that Nigerians abroad are not taxed on foreign income or remittances, addressing fears of double taxation with DTAs and residency rules.
FG Sets 2028 Deadline for Full Tax Law Enforcement
The Federal Government has announced a phased timeline for enforcing Nigeria's new tax laws, targeting full rollout by 2028, with medium-sized companies first to adopt e-invoicing in 2026.
FG Clarifies No 25% Tax on Building Materials, Bank Balances
The Presidential Fiscal Policy and Tax Reforms Committee has dismissed viral claims that the Nigeria Tax Act 2025 imposes a 25% levy on building materials, construction funds, or bank savings. The committee clarified the law's actual provisions, which inc
DisCos Require TIN, CAC, NIN for Corporate Meter Recharge
Electricity Distribution Companies in Nigeria have introduced new compliance requirements for corporate customers under the Nigeria Tax Act 2025. Ikeja Electric has set a February 20 deadline for businesses to submit identification documents to avoid serv
FG Denies 25% Tax on Building Materials Under New Law
The Tinubu administration clarifies that the Nigeria Tax Act 2025 imposes no 25% levy on construction materials, countering misinformation from former minister Rotimi Amaechi.
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Osun Gov Adeleke: No New Tax Burden, Fair Reforms
Osun State Governor Ademola Adeleke assures residents that ongoing tax reforms aim for fairness and revenue growth without imposing hardship, emphasizing support for SMEs and low-income earners.
Nigerian Workers See Higher Take-Home Pay After Tax Reforms
Nigeria's tax reforms under President Tinubu are delivering tangible benefits to salary earners, with reduced PAYE deductions leading to higher net pay for workers across income brackets.
Banks Deduct 10% Tax on Savings Interest, Nigerians Protest
Major Nigerian banks including Access, Zenith, and UBA have begun deducting 10% withholding tax on savings account interest following new government directives, causing widespread anger among savers already struggling with economic pressures.
Tax Reforms Are Economic Policy, Not Politics: Expert
Public policy analyst Aderonke defends Nigeria's tax reforms as essential for economic stability, addressing legislative disputes and urging focus on implementation to boost revenue.
New Nigerian Tax Law: Key Changes and Penalties
The Nigeria Tax Act 2025 introduces stricter compliance deadlines and penalties up to 40% for Stamp Duty, PAYE, VAT and Withholding Tax. Learn the key changes affecting businesses and individuals.
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FG: 'Paying Tax Is Not Enough' as Deadlines Near
Federal Government issues urgent warning to Nigerians about tax return filing obligations. Taiwo Oyedele reveals alarmingly low compliance rates with deadlines approaching.
Joshua, Rowling, Salah in UK Top 100 Taxpayers List
The Sunday Times Tax List 2026 reveals the UK's biggest taxpayers, including celebrities and entrepreneurs. Betfred founders top the rankings with £400.1m tax payment.
Reps Spokesman Rejects Ndume's Tax Law Allegations
Hon Philip Agbese has dismissed Senator Ali Ndume's allegations of falsified tax laws as misleading and sheer mischief, insisting proper legislative processes were followed.
15 Things to Know About Nigeria's New Personal Income Tax
Understanding Nigeria's updated Personal Income Tax framework with 15 essential facts about assessment, collection, and enforcement procedures.
LIRS Extends Employer Tax Return Deadline to February 7
The Lagos State Internal Revenue Service has extended the deadline for employers' annual tax returns from February 1 to February 7, 2026, to allow for accurate submissions.
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2026 Tax Reforms: Enforcement Begins with Digital Income
Nigeria's 2026 tax reforms shift from persuasion to enforcement, targeting digital income and offering employer incentives. Learn how to calculate personal income tax under new rules.
Oyedele Explains Opposition to Nigeria's Tax Reforms
Taiwo Oyedele, chairman of the presidential tax reforms committee, says resistance comes from long-term tax evaders fearing exposure. He compares Nigeria's low revenue to South Africa's performance.
New Tax Laws Bring 50 Reliefs to Nigerians in 2026
Nigeria's sweeping tax reforms effective January 2026 offer significant exemptions including PAYE relief for minimum wage earners, zero-rated VAT on essentials, and business incentives to stimulate economic growth.
Nigerian Workers Get Higher Pay Under New Tax Laws
Nigerian workers report increased take-home pay in January 2026 as new tax reforms reduce PAYE deductions. Presidential committee confirms early benefits.
LIRS Clarifies Tax Recovery Process, Denies Account Seizure
Lagos State Internal Revenue Service Chairman Ayodele Subair clarifies that the agency's power to recover unpaid taxes through third parties is a legal, court-backed process for recalcitrant defaulters, not arbitrary account seizures.
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Govt to Recover Unpaid Tax Through Banks, Tenants, Family
Lagos State government announces new tax recovery method using third parties under Power of Substitution law. Banks, employers, tenants may be compelled to pay defaulters' taxes.
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