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Tag: Tax law

Opinion

Misinformation fueling confusion over new tax law — APC chieftain

A chieftain of the All Progressives Congress in Osun State, Mr Olatunbosun Oyintiloye, has said that many Nigerians lack sufficient knowledge of the new tax laws. He stated that this lack of knowledge is causing widespread misrepresentation of the laws. Oyintiloye, a former lawmaker, made the remarks while speaking with newsmen on Sunday in Osogbo. […]

Economy featured

FG didn’t suspend tax law guidelines, Oyedele debunks rumours

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has denied reports suggesting that the Federal Government paused the issuance of implementation guidelines for the newly signed tax laws due to uncertainty. The report, published by a media organisation other than The PUNCH, claimed that the Federal Government halted the […]

Obi offers measures to prevent exit of multinational companies from Nigeria
featured Opinion

Suspend implementation of new tax laws, Obi tells FG

Former Anambra State Governor and 2023 Labour Party presidential candidate, Peter Obi, has called on the Federal Government to immediately suspend the implementation of Nigeria’s newly introduced tax laws, warning that the framework is riddled with fundamental flaws and lacks public legitimacy. Obi made the call in a statement shared on his verified X account […]

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Opinion

Ekiti traders urge Tinubu to suspend new tax policy

Some traders in Ekiti State have appealed to President Bola Tinubu to suspend the current tax policy, citing the harsh economic realities facing small business owners and low-income earners across the country. According to BusinessDay, the traders said the prevailing economic conditions had made it increasingly difficult for petty traders and informal sector operators to […]

featured Policy and Regulations

KPMG misunderstood new tax laws, says Oyedele

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has defended the Nigeria Tax Act clarifying the policy intent behind the legislation and stating that KPMG Nigeria misunderstood the reform. Oyedele made the clarification in a statement issued on Saturday in response to KPMG’s analysis of the Nigeria Tax Act, in […]

featured Finance

KPMG flags gaps, risks in new tax laws

KPMG Nigeria has flagged what it describes as “errors, inconsistencies, gaps and omissions” in Nigeria’s tax laws that came into force at the beginning of this year. The professional services company warns that these issues could undermine the attainment of the tax reforms’ stated objectives if left unaddressed. The reforms, anchored on the Nigeria Tax […]

Business

North Central lead charge in Nigeria’s new tax reform drive

The North Central states, including Jigawa, Plateau, Kogi, Nasarawa, and Kwara, are taking active steps to implement the reforms and strengthen their revenue systems, As Nigeria rolls out its new tax laws. According to the Joint Revenue Board, these measures, backed by recently enacted laws and executive approvals, aim to boost internally generated revenue, improve […]

featured Policy and Regulations

Reps caucus probes alleged altered tax laws

The minority caucus of the House of Representatives has set up a seven-member committee to investigate allegations that the recently assented tax reform laws were altered after they were passed by the National Assembly. The committee is chaired by the lawmaker representing Ogbaru Federal Constituency of Anambra State, Afam Ogene, and has been mandated to […]

Opinion

Peter Obi slams tax policies, warns against burdening poor Nigerians

Former Labour Party presidential candidate, Peter Obi, has criticised Nigeria’s current tax policies, warning that national prosperity cannot be achieved by imposing heavier financial burdens on the poor. In a statement posted on his X handle on Friday, Obi said “prosperity cannot come by taxing poverty,” adding that nations which have achieved lasting economic and […]

featured Policy and Regulations

NASS releases certified true copies of new tax laws

The implementation of Nigeria’s newly enacted tax laws commenced on Thursday, as the National Assembly directed the release of Certified True Copies of the harmonised tax bills passed by lawmakers and subsequently signed into law by President Bola Ahmed Tinubu. The move, according to the Clerk to the National Assembly, Kamoru Ogunlana, is aimed at […]

Finance

Ondo gov presents new tax bill to Assembly

Ondo State Governor, Mr Lucky Aiyedatiwa, has forwarded a new tax bill to the Ondo State House of Assembly for legislative scrutiny, in preparation for the federal government’s planned implementation of a new national tax regime scheduled to take effect on January 1, 2026. The development was disclosed by the state Attorney General and Commissioner […]

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