Finance Minister Taiwo Oyedele signed the Nigeria Tax Administration (Interest on Late Payment of Tax) Order, 2026, effective October 1, imposing a 10% penalty and daily interest on overdue taxes.
Nigeria will apply market-linked interest rates to unpaid taxes from October 1, 2026, under a new order signed by Finance Minister Taiwo Oyedele, replacing the previous fixed rate.
CITN clarifies who is exempt from Nigeria's 2026 presumptive tax regime, including nano businesses with N12m turnover and registered co-operatives.
UAE's ILOE scheme pays 60% of basic salary for up to 3 months to terminated private and federal workers. Claims must be filed within 30 days.
Malta confirms permanent residents must pay 15% tax on income brought into the country, with double tax treaties potentially reducing or eliminating home-country taxes.
Despite President Tinubu's tax reform promises, Nigerian businesses still face multiple levies from various government levels, undermining relief and increasing operational costs.
The Tax Ombud received 20 complaints in its first three months, with most concerning state taxes. Learn about the nature of complaints and the ombud's role.
Discover which churches, schools, NGOs, and other bodies qualify for income tax exemption in Nigeria, and learn the conditions and limitations.
BudgIT warns Nigeria against pre-election extra-budgetary spending, citing weak revenue and a N31.45 trillion deficit. It urges strict fiscal discipline to ensure sustainability.
The Nigeria Revenue Service has implemented a mandatory Taxpayer Identification system for all taxable persons to strengthen tax administration and transparency.
16 people died in a road accident on the Lokoja-Okene highway in Kogi State. FRSC attributes cause to fatigue and overspeed.
Lagos Governor Babajide Sanwo-Olu calls for greater autonomy for tax agencies to prevent political interference and boost revenue, commending LIRS for driving economic growth through digital reforms.
The Joint Revenue Board and Nigerian Police Force announce a strategic partnership to eliminate illegal tax collection and dismantle unauthorized roadblocks nationwide, aiming to enhance revenue transparency and reduce costs for citizens.
The Chartered Institute of Taxation of Nigeria (CITN) states that workers are reporting reduced monthly tax deductions since the new tax laws took effect in January. President Innocent Ohagwa highlights harmonization of state taxes and elimination of nuis
A coalition of advocacy groups commends Nigeria's significant revenue increase, attributing it to fiscal reforms and improved tax administration under Zacch Adedeji's leadership at the Nigeria Revenue Service.
African Union delegates in Abuja discuss tax reforms to combat illicit financial flows, aiming to boost domestic revenue and reduce aid dependence for sustainable economic growth.
The Niger State Internal Revenue Service refutes media claims of operational irregularities, emphasizing transparency and highlighting revenue growth from N600 million to N5 billion monthly since 2021.
President Bola Tinubu states outdated colonial-era tax laws contributed to economic hardship and poverty in Nigeria. He commissions new NRS headquarters and introduces reforms for inclusive growth.
The Lagos State Internal Revenue Service has extended the tax filing deadline to April 21, 2026, due to high traffic on its eTax platform, urging residents to comply electronically.
A Nigerian man expressed shock after paying a substantial tax amount to the Lagos State Government in March 2026, posting a screenshot online that sparked widespread reactions and discussions about tax laws.
The Presidential Fiscal Policy and Tax Reforms Committee refutes media claims that Minister Taiwo Oyedele acknowledged flaws in Nigeria's new tax laws, citing progress with over 100 million registrations.
The Presidential Fiscal Policy and Tax Reforms Committee has dismissed media reports that Minister of State for Finance Taiwo Oyedele admitted errors in Nigeria's new tax laws, calling them misleading. The committee highlighted early gains from the reform
The Lagos State Internal Revenue Service has extended the deadline for individual annual income tax returns to April 21, 2026, citing heavy traffic on its eTax platform and aiming to ensure compliance.
Minister of State for Finance Taiwo Oyedele has dismissed reports claiming he admitted errors in Nigeria's new tax laws, calling them misleading and unhelpful to public understanding.
Nigeria's Minister of State for Finance, Taiwo Oyedele, has acknowledged errors in the new tax reform laws, attributing them to manual processes and legislative lapses. He assured that a Finance Bill will address the issues, emphasizing transparency and p
Nigerians, especially tricycle riders, are lamenting the enforcement of multiple road taxes across states, contradicting the Federal Government's ban. Operators detail high costs, extortion, and systemic issues that drain earnings.
The Lagos State Government has initiated legal proceedings against 45 individuals and companies for alleged tax defaults totaling billions of naira. The defendants face prosecution in the Lagos Revenue Court as authorities urge compliance with tax laws.
A new report reveals Nigeria's tax revenue has surged over 87% in 15 years, now dominating federal income, while oil revenue declined sharply, reshaping fiscal stability and debt dynamics.
The Lagos State Government has commenced prosecution of 45 individuals and companies for alleged tax defaults totaling billions of naira, as announced by Attorney-General Lawal Pedro.
The Nigeria Revenue Service will now collect mineral royalties from mining operators, as per new tax laws, while the Ministry of Solid Minerals Development retains technical oversight.