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Tag: Tax reforms

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Death threats won’t stop tax reforms, Oyedele insists

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has disclosed that he has received threats to his life due to his involvement in the implementation of Nigeria’s far-reaching tax reform agenda. Oyedele made the revelation in Abuja while speaking at a governance colloquium organised to commemorate the 50th birthday […]

featured Finance

Tax reforms: NRS is more than branding, says chairman

Nigeria’s newly established Nigeria Revenue Service has said that its emergence as a replacement for the defunct Federal Inland Revenue Service represents a major overhaul of the country’s revenue administration framework rather than a mere change of name. The Executive Chairman of the NRS, Dr Zacch Adedeji, made this known during a television interview monitored […]

Tinubu orders NNPC to sell Crude to Dangote in Naira
featured Politics

Tax: PDP accuses Tinubu of putting revenue above Nigerians’ welfare

The Peoples Democratic Party has accused the administration of President Bola Ahmed Tinubu of prioritising revenue generation over the welfare and well-being of Nigerians following the Federal Government’s insistence on commencing the new Tax Act on January 1, 2026, despite alleged discrepancies in its gazetted provisions. The opposition party renewed its call for the suspension […]

Opinion

FG can implement tax laws despite lawmakers’ objection – Expert

An economic expert at Bayero University, Kano, Professor Kabiru Isah Dandago, has stated that the Federal Government can lawfully proceed with the implementation of the newly signed tax reform laws despite objections raised by some members of the House of Representatives. Professor Dandago made this assertion during an exclusive interview with Daily Post, where he […]

featured Finance

New tax ID portal to go live January 2026 — JRB, NRS

The Joint Revenue Board, formerly known as the Joint Tax Board, alongside the Nigerian Revenue Services, previously called the Federal Inland Revenue Service, have announced the launch of the Nigerian Tax ID Portal. The organisations disclosed that the portal will officially go live on January 1, 2026, marking a major step in the ongoing tax […]

Domestic airfares increased by 95% in 12 months – NBS
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NCAA denies multiple taxes behind high domestic airfares

The Nigerian Civil Aviation Authority has dismissed claims that domestic airfares are inflated due to multiple taxes, insisting that airlines do not pay the alleged levies and attributing the increase in ticket prices to the forces of demand and supply. The clarification was made by the Director of Public Affairs and Consumer Protection at the […]

featured Finance

50 exemptions, reliefs for Nigerians in new tax reform

Nigeria’s new tax reform laws, scheduled to take effect from 1 January 2026, introduce wide-ranging reliefs and exemptions aimed at easing the financial burden on low-income earners, average taxpayers and small businesses. The reforms outline 50 key exemptions and incentives covering personal income tax, company income tax, value added tax, capital gains tax, stamp duties […]

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NASS orders release of certified tax acts

The National Assembly has directed that Certified True Copies of the Tax Reform Acts be made available to stakeholders and members of the public upon request. This directive was contained in a statement issued on Friday in Abuja by the Director of Information for the Senate, Bullah Audu Bi-Allah. The statement disclosed that the National […]

featured Finance

Tax laws not perfect, would be reviewed periodically — Oyedele

Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has said the Federal Government will continue to subject Nigeria’s tax laws to periodic reviews to ensure they remain effective and responsive to national needs. He made the clarification against the backdrop of recent allegations that some laws passed by the National […]

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FG insists new tax laws start January 2026

The Federal Government has reaffirmed that the implementation of Nigeria’s newly enacted tax reform laws will begin on January 1, 2026, despite growing controversy over alleged discrepancies in the versions of the Acts published in the Official Gazette. The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, made this known on […]

Seven banks paid N392.53bn in taxes in first half of 2024
Opinion

CITN warns of risks over Nigeria’s tax laws

The Chartered Institute of Taxation of Nigeria has warned that the country may face significant governance and legal risks following allegations of inconsistencies between tax reform bills passed by the National Assembly and the versions subsequently gazetted. In a position paper released on Wednesday and signed by its 17th President and Chairman-in-Council, Innocent Ohagwa, the […]

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