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Tag: Tax

Business

Tax revenue hits N7.44tn in Q1 2026

Nigeria’s tax revenue climbed to N7.44 trillion in Q1 2026, but still fell short of its budget benchmark by N2.24 trillion despite ongoing reforms under the new tax regime. Data presented by the Nigeria Revenue Service at the Federation Account Allocation Committee meetings and obtained by Nairametrics showed that total collections between January and March […]

Finance

NRS extends office hours to ease June tax filing

The Nigeria Revenue Service has announced the extension of its operations to Saturdays as part of efforts to support taxpayers using its newly launched tax administration platform, Rev360. The development becomes important as the service prepares for the June peak period for tax filing. The disclosure was contained in a statement signed by the Executive […]

Business

OPay denies office sealing by NRS over tax claims

OPay Digital Services Limited has dismissed reports claiming that its offices in Lagos and Abuja were sealed by the Nigeria Revenue Service over alleged non-compliance with tax obligations. The company described the claims as false and misleading. Reports circulated on social media and online platforms alleged that the Nigeria Revenue Service sealed OPay’s Lagos and […]

News

Gov Mbah rejects high tax claims in Enugu

Governor of Enugu State, Dr. Peter Mbah, has rejected claims of high taxation in the state, describing them as a pathetic misconception promoted by the opposition and beneficiaries of the old order who manipulated revenue collection to fatten their private pockets. Mbah insisted that his administration had grown the state’s Internally Generated Revenue by widening […]

Policy and Regulations

ICYMI: FG bans cash tax collection, roadblocks nationwide

The Federal Government on Tuesday formally prohibited cash collection of taxes and banned the mounting of roadblocks for revenue enforcement. This forms part of fresh regulations to implement Nigeria’s new tax laws nationwide. The disclosure was made in Abuja by the Executive Secretary of the Joint Revenue Board, Mr Olusegun Adesokan, during the signing of […]

Business

Benin Republic offers zero taxes to attract Nigerian manufacturers

The Republic of Benin is pitching sweeping tax exemptions and fast-track company setup to Nigerian manufacturers seeking to cut costs and access regional markets. At the Benin-Nigeria Business Forum in Lagos on Wednesday, Eric Akouche, CEO of Benin’s Agency for the Promotion of Investments and Exports, said the country has deliberately stripped away most of […]

Finance

NRS accredits Pillarcraft to support digital tax compliance

Pillarcraft Cloud Solutions has been accredited as a System Integrator for Nigeria’s new e-invoicing regime, a development that highlights the Federal Government’s intensified push for digital tax compliance and places increased pressure on companies to align their accounting systems with the Nigeria Revenue Service reporting platform. The company confirmed the approval in a statement issued […]

Transportation

UK black cab drivers get relief as VAT loophole ends

Black cab drivers in London have received a significant boost following a government decision to close a tax loophole that allowed large app-based minicab companies to undercut traditional taxi operators. Under the new arrangement, private hire operators in London will no longer be permitted to use a specialist tour operator tax scheme that previously enabled […]

Finance

Nigeria has less than 10m taxpayers — Oyedele

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has disclosed that Nigeria has fewer than 10 million active individual taxpayers, a situation he said reflects the country’s narrow tax base and highlights the urgent need for data-driven fiscal reforms, particularly at subnational levels. Oyedele made the disclosure on Tuesday while […]

FIRS announces new TAXPR-MAX platform for CbCR
News

France has no access to Nigerian tax data – FIRS

Nigeria’s Federal Inland Revenue Service has said a tax cooperation agreement signed with France does not grant foreign authorities access to Nigerian taxpayer data or digital systems, following public commentary on the deal. FIRS, in a statement on Saturday, said the Memorandum of Understanding with France’s Direction Générale des Finances Publiques does not provide France […]

Business

Joint Tax Board begins transition, unveils new brand identity

The Joint Tax Board has begun its transition ahead of implementing Nigeria’s new tax laws, unveiling a refreshed brand identity in Abuja. This follows President Bola Tinubu’s signing of the Joint Revenue Board of Nigeria (Establishment) Act 2025 on June 26, which replaces the current Joint Tax Board with a new Joint Revenue Board effective […]

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