New Tax Act Faces Hurdles, Says Business Leader
Dele Oye identifies key flaws in Nigeria Tax Act 2025, including a low rent relief cap and restrictive forex deductions, warning of implementation challenges. Read the full analysis.
Category : Taxation
Drivers' Union Demands Refund from inDrive Over VAT
Nigeria's app-based transport union, AUATON, demands inDrive refund alleged illegal 7.5% VAT deductions from drivers' earnings. Calls for FIRS investigation and policy review.
Nigeria's 2026 Tax Reforms: Exemptions & New Rules
Nigeria's new tax laws effective Jan 1, 2026 bring major changes. Union Bank explains the ₦800k exemption, residency rules, and new penalties. Learn how it affects you.
NASFAT Summit Links New Tax Law, Faith & Economic Growth
At its Lagos summit, NASFAT urged Nigerians to embrace the new tax laws as tools for fairness and development. Experts from KPMG and Alternative Bank explained the reforms and Shariah-compliant finance.
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Oyedele faults KPMG report on Nigeria's new tax laws
Taiwo Oyedele clarifies Nigeria's new tax laws, countering KPMG's report. He explains policy intent behind capital gains, FX deductions, and defends reforms designed to strengthen the Naira and protect local industries.
FG Responds to KPMG's Critique of New Tax Laws
The Presidential Fiscal Policy and Tax Reforms Committee has responded to KPMG's assessment of Nigeria's new tax laws, stating identified 'errors' are often policy disagreements. Read the full details.
Ex-Ogun Adviser Slams Tinubu's Tax Reform as Anti-People
Former Ogun State Special Adviser, Dr Ibrahim Osinowo, criticises President Tinubu's tax reforms, calling them anti-people and a burden on struggling Nigerians. Read his full statement.
Analyst Defends Tinubu's 2026 Tax Reform Amid Suspension Calls
APC chieftain Atoyebi Paul commends President Tinubu's new tax acts set for 2026, arguing the outdated law needed reform despite public agitation for suspension. Details inside.
KPMG Flags Major Errors in Nigeria's New 2026 Tax Laws
KPMG Nigeria identifies four major errors and gaps in Nigeria's new 2026 tax laws, warning they could create confusion, disputes, and hinder compliance. Urgent clarifications are needed.
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Experts Clarify N50 Stamp Duty on Transfers, Not Balances
Tax authorities clarify that the new N50 stamp duty applies only to electronic transfers, not bank balances. Learn about exemptions, VAT rules, and rent relief under Nigeria's 2025 Tax Act.
New Tax Laws: Experts Warn of Disputes, Capital Flight
KPMG warns Nigeria's new tax laws contain gaps and ambiguities risking disputes and capital flight. Budget Office DG and ex-CBN deputy governor defend the reforms, saying they protect the poor.
5 Northern States Adopt New National Tax Reforms
Jigawa, Plateau, Kogi, Nasarawa, and Kwara states are implementing new harmonised tax laws to boost IGR, curb multiple taxation, and create a business-friendly environment in line with President Tinubu's fiscal agenda.
New VAT Formula Boosts States' Share to 55% in 2026
Nigeria's new VAT sharing formula, effective January 2026, shifts N461.27bn to states. Federal allocation drops to 10%. Discover the state-by-state impact and fiscal future.
NLC warns new tax laws undermine democracy, system
The Nigeria Labour Congress warns the Federal Government that the new tax laws undermine the tax system and democracy. Get the full details on the controversy, including reactions from Oshiomhole, APC, and tax experts.
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2025 Tax Reforms: Nigeria's Path to Fiscal Stability
Nigeria's 2025 Tax Acts aim to rebuild the nation's fiscal architecture, protect low earners, and drive digital compliance. Discover the long-term strategy beyond the revenue debate.
CRIRS Suspends Tax Assessments for Reform Review
Cross River IRS suspends new tax assessments to align with the 2025 Tax Act, aiming to curb leakages and enforce digital payments. Rangers also train to combat illegal mining in the national park.
CITN: Sustained Implementation Critical for Tax Reform
CITN President Innocent Ohagwa outlines the pillars for Nigeria's new tax reform success: sustained implementation, capacity building & stakeholder engagement. Learn how the reforms aim to harmonize taxes and boost revenue.
Education Tax Exemption Urged for Nigerian Universities
Prof. Bode Ayorinde calls for tax exemption for universities, warning that current levies stifle quality education and national development. Read his full appeal.
NLC Tells FG: Suspend New Tax Laws Now
The Nigeria Labour Congress demands suspension of new tax reforms, warning they deepen hardship and exclude workers' input. NLC President Joe Ajaero issues strong warning in Abuja.
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New N50 Stamp Duty Charge Sparks Debate After Wike Aide's Post
Lere Olayinka, an aide to FCT Minister Wike, reported a N53.75 deduction on an N80,000 transfer, igniting debate on new stamp duty rules. Banks clarify the sender now pays the N50 fee for transfers above N10,000. Read full details.
APC: New Tax Reform Not Targeting Poor Nigerians
Lagos APC clarifies new tax policy, stating it exempts low-income earners and aims for economic stability. Get the facts behind the reform.
Ajaero: Taxing Minimum Wage is Unfair and Dangerous
NLC President Joe Ajaero demands urgent review of Nigeria's new tax law, calling it regressive. He warns it will impoverish workers and undermine democracy. Read the full story.
Pillarcraft Accredited as E-Invoicing System Integrator
Pillarcraft Cloud Solutions gains NRS and NITDA accreditation as a System Integrator for Nigeria's e-invoicing framework, boosting the digital tax transformation agenda. Discover how this impacts businesses.
Lady Laments N23k VAT on N181k Restaurant Bill
A Nigerian lady's viral TikTok video exposes a N23,000 tax charge on a N181,000 restaurant bill, sparking debate on new tax policies and hidden costs in Lagos eateries. See the full breakdown and public reaction.
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Lady cries out over N23k VAT on N181k restaurant bill
A Nigerian lady's viral TikTok video exposes a hefty N23,000 tax charge on a N181,000 restaurant bill, sparking debate on new tax policies and business practices in 2026.
GTBank: Sender Pays N50 Stamp Duty on Transfers
GTBank has notified customers of a key change to the N50 stamp duty on electronic transfers under the new Nigeria Tax Act 2025. Find out what transactions are exempt.
Pillarcraft Accredited as NRS e-Invoicing Integrator
Pillarcraft Cloud Solutions gains NRS & NITDA accreditation as a System Integrator for Nigeria's e-invoicing framework, launching UsawaConnect™ to help businesses comply seamlessly. Learn how this shapes digital tax reforms.
Nigeria's Tax Reform: 10 Ways States Will Benefit
Nigeria's proposed tax reform bills aim to reshape fiscal federalism, granting states more autonomy and revenue. Discover the 10 key benefits set to transform governance and infrastructure.
NANS Calls Off National Tax Protest
Nigerian students suspend planned protest against tax law after meeting with government officials. The new law aims to protect low-income earners and boost revenue.
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Customs Port Harcourt II Generates ₦731.2bn in 2025
The Nigeria Customs Service, Port Harcourt II Command, generated ₦731.2 billion in 2025, surpassing its target by over 104%. Discover how they achieved this milestone and their major seizures.
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