Tag: Tax law

Finance

NRS unveils Rev360 digital platform to boost tax compliance

The Nigeria Revenue Service has unveiled Rev360, its next-generation digital tax administration platform designed to deliver a more integrated, intelligent, and taxpayer-centric tax administration experience, which will also identify tax evaders. Vanguard reported that speaking at the event in Abuja, on Wednesday, Executive Chairman of the Nigeria Revenue Service, Dr. Zacch Adedeji, described Rev360 as […]

Policy and Regulations

Tax reforms must protect taxpayers’ interests, says RMAFC chairman

The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission, Dr Mohammed Shehu, has said ongoing tax and revenue reforms must protect taxpayers while ensuring equitable revenue allocation across all tiers of government. According to The PUNCH, Shehu stated this while receiving a delegation of the Joint Revenue Board led by its Executive Secretary, Mr […]

Policy and Regulations

Lagos assembly backs unified tax bill, seeks public awareness

The Lagos State House of Assembly on Tuesday advanced deliberations on the Harmonised Taxes and Levies (Approved List for Collection) Bill 2025, with lawmakers unanimously endorsing the unification of taxes across the state and calling for extensive public sensitisation. The bill, which passed second reading during plenary on Tuesday, aims to establish a legal framework […]

featured Finance

Mixed reactions trail January salary rise from tax law

Some workers have expressed mixed and largely underwhelming reactions to recent changes in their take-home pay following the implementation of new Personal Income Tax reforms, with many stating that the increases are marginal and insufficient to meaningfully alleviate economic pressures. The new tax reform laws introduce several adjustments to the Personal Income Tax regime. Individuals […]

featured News

Reps reject minority caucus tax laws probe report

The House of Representatives has rejected the report of an ad hoc committee constituted by the minority caucus to re-examine the recently enacted tax laws, stating that the action is procedurally improper and lacks official parliamentary backing. In a statement issued on Saturday by its spokesman, Akin Rotimi, the lower chamber explained that under its […]

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 […]

Nigeria's AfCFTA trade yet to reach pre-COVID levels — Report
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 […]