Lagos LIRS: Jan 31 Deadline for Employer Tax Returns
Lagos State Internal Revenue Service (LIRS) reminds employers to file 2025 annual tax returns by January 31, 2026, via eTax portal. Non-compliance attracts penalties under NTAA 2025.
Category : Taxation
New 7.5% VAT on Mobile, USSD Bank Charges Kicks In
Nigeria enforces 7.5% VAT on digital banking service fees from Jan 19, 2026. Learn how it affects your mobile transfers and USSD transactions, and who will feel it most.
Nigeria's FIRS Transforms into NRS in Major Tax Reform
Nigeria's tax system enters a new era as FIRS becomes NRS. Discover the focus on tech, fairness, and efficiency aimed at boosting revenue and easing burdens. Read the full analysis.
Oyedele: I can die for Nigeria as a tax reformer
Taiwo Oyedele, head of Nigeria's tax reform committee, declares readiness to sacrifice for fiscal reforms, detailing capital gains tax exemptions. Business leaders highlight persistent high costs and economic misalignment.
Nigeria's 10% Rent Tax Creates Middle-Class Confusion
A new 10% withholding tax on rents over ₦2m has landed in mailboxes, causing panic. Experts warn of confusion and inflation as the Tinubu administration's tax reform rollout falters. Read more.
NRS Says VAT on Bank Charges Not New, Implementation Delayed
The Nigeria Revenue Service clarifies that VAT on banking services is not new. Implementation of new tax laws is delayed due to gazette controversy. Get the full details.
NRS, Agents Clash Over 7.5% VAT on Bank Transfer Fees
The Nigeria Revenue Service clarifies VAT applies only to bank service charges, not customer transactions. Agents Association warns of financial inclusion setback. Get the full details.
Tax Reforms to Benefit Manufacturers, Improve Ease of Doing Business
Tax Reforms Committee Chairman Taiwo Oyedele assures manufacturers that new laws will cut costs and boost growth. Experts discuss compliance and investment opportunities at Lagos summit.
Lagos LIRS: Jan 31 Deadline for Employer Tax Returns
Lagos State Internal Revenue Service (LIRS) has restated the January 31, 2026, deadline for employers to file their 2025 yearly tax returns. Non-compliance risks penalties under the new NTAA law.
7.5% VAT on Mobile, POS Fees Starts Jan 19
Nigerian banks will begin deducting a 7.5% Value Added Tax on fees for mobile transfers, POS, and other services from January 19, 2026. Learn what this means for your transactions.
Nigerian Man Explains New 7.5% VAT on Bank Transfers
A Nigerian man clarifies how the new 7.5% VAT on mobile transfers, USSD, and POS works. Learn how it impacts service fees and what it means for your daily transactions.
NRS: VAT on Banking Fees Isn't New - Full Details
The Nigeria Revenue Service clarifies misconceptions about VAT on banking services, stating it's not a new tax. Learn what changed and what remains exempt.
LIRS Deadline: File Annual Tax Returns by Jan 31
Lagos State Internal Revenue Service (LIRS) has reminded all employers to file their 2025 annual tax returns by January 31, 2026, via the eTax portal to avoid penalties under the new NTAA law.
New 7.5% VAT on Mobile, USSD Bank Fees Starts Jan 19
Financial expert explains new 7.5% VAT on mobile & USSD bank fees from January 19, 2026. Learn how it impacts your transfers alongside N50 stamp duty.
NRS: Banks Pay VAT on Transfer Fees, Not Customers
The Nigerian Revenue Service clarifies that the 7.5% VAT applies to bank service charges, not transaction values. Implementation begins January 19, 2026. Read the full details.
New 2026 Bank Charges: VAT, Stamp Duty Explained
Starting 2026, Nigerians face new costs: a 7.5% VAT on mobile/USSD fees and a ₦50 stamp duty on transfers above ₦10,000. Learn all the details and how to plan for higher digital banking expenses.
New 7.5% VAT on Mobile, USSD Bank Transfers in Nigeria
Nigerians will pay a 7.5% VAT on mobile transfers and USSD banking from January 2026. Fintech firm Moniepoint clarifies it's a government directive, not a price hike. Consumer groups warn of financial strain.
7.5% VAT on Mobile, USSD Bank Transfers Starts Jan 19
Nigerians will pay 7.5% VAT on mobile transfers & USSD fees from January 19, 2026. NATCOMS calls it 'double taxation' and threatens legal action. Read the full details.
Nigeria's tax system unjust, 96% from low earners
Tax reform chief Taiwo Oyedele reveals Nigeria's unsustainable tax structure, with 96% of personal income tax from low earners. The 2026 reform aims to correct this, boosting disposable income. Read the full analysis.
FG: Minor Tax Law Changes Won't Affect Core Provisions
The Federal Government has reassured Nigerians that recent alterations to newly passed tax laws will have minimal impact. Presidential Tax Reform Committee Chairman Taiwo Oyedele confirms key aspects like tax rates and filing deadlines remain unchanged. G
NRS: Food, Transport Not Taxed in New 2026 Laws
NRS Chairman Dr Zacch Adedeji assures Nigerians that essential items like food and transport are exempt from transactional taxes under the new 2026 regime, aiming to tax prosperity, not poverty. Read details.
Group Praises Public Support for Tax Reforms, Warns on Misinfo
National Interest Defenders commend Nigerians for supporting the new tax regime, highlighting its role in boosting revenue and infrastructure. The group warns against misinformation campaigns aimed at derailing the reforms.
Youth Council Backs Tax Reforms, Warns Vested Interests
Ethnic Youth Leaders Council supports new tax law, calling it vital for Nigeria's economy. They warn against sabotage by vested interests and urge public patience. #TaxReforms #NigeriaEconomy
Socio-Cultural Groups Hail Tinubu's Tax Reforms
Ohanaeze Ndigbo and Arewa groups endorse Nigeria's new tax laws, praising Tinubu and FIRS for a smooth rollout. PDP calls for suspension as court clears implementation. Read more.
Tax Reforms Chairman Appeals for Public Backing
Taiwo Oyedele, head of Nigeria's tax reform committee, reveals he faces safety threats, urges supporters to speak out against misinformation. New tax laws took effect Jan 1, 2026.
Oyedele Faces Threats Over Nigeria's Tax Reforms
Taiwo Oyedele, head of Nigeria's tax reforms committee, discloses receiving life threats while implementing new tax laws. He cites powerful interests and public mistrust as major obstacles. Read more.
Obi, Kaigama Raise Concerns Over New Tax Laws
Peter Obi and Archbishop Kaigama warn new tax regime lacks clarity and public value, worsening hardship. Officials defend reforms, citing need for courage and long-term vision. Read the full debate.
Nigeria's New Tax Laws: Reality Check and Global CGT Comparison
An in-depth analysis of Nigeria's controversial new tax laws, the legislative process flaws, the global context of the Capital Gains Tax hike, and the potential for improved governance through citizen accountability. Read more.
Peter Obi Demands Halt to Controversial New Tax Law
Peter Obi urges the Federal Government to suspend the new tax law, citing a KPMG report that found 31 critical errors. He argues it lacks transparency and public benefit.
31 Flaws in Tax Law: Experts Demand Immediate Pause
A KPMG report exposes 31 critical errors in Nigeria's new tax laws, from policy contradictions to drafting flaws. Experts argue the law must be paused until public trust and clarity are established. Read why this is crucial for Nigeria's social contract.
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