Tax
Presidential Committee Debunks Viral Claim of 25% Tax on Building Funds
The Presidential Fiscal Policy and Tax Reforms Committee has dismissed a viral video claiming that a new 25 per cent...
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Lagos Contributes Over Half of Nigeria’s Local VAT in 2025
Analysis of Federal Account Allocation Committee (FAAC) documents shows that Lagos State accounted for N3.4 trillion of the N6.5 trillion...
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Nigerian Tax Law Exempts Schools, hospitals, pharma firms, and food producers From Company Income Tax
The Nigerian Tax Administration Act, 2025, has clarified that several critical sectors of the economy remain exempt from Company Income...
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Nigerian Workers Begin to Earn More as PAYE Deductions Drop Under New Tax Laws — Oyedele
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has disclosed that Nigerian workers are already...
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Lagos to Begin Direct Recovery of Unpaid Taxes from Bank Accounts, Third Parties
The Lagos State Government has announced plans to commence the recovery of outstanding taxes by directly seizing funds belonging to...
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CITN Chairman Debunks Claims of Bank Balance Tax Under New Tax Regime
The Chairman of the Chartered Institute of Taxation of Nigeria (CITN), Abuja District, Ben Enamudu, has dismissed claims that Nigerians’...
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Presidency silent over alleged discrepancies in gazetted tax laws
The Presidency is yet to respond to allegations of discrepancies between the tax bills passed by the National Assembly and...
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FIRS: New Tax Laws to Boost Competitiveness, Investment
The Federal Inland Revenue Service (FIRS) has said Nigeria’s newly enacted tax laws are designed to strengthen economic competitiveness, attract...
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FIRS to Unveil Nigeria Tax Reform Acts November 10
The Federal Inland Revenue Service (FIRS) will on Monday, November 10, 2025, officially unveil the Nigeria Tax Reform Acts during...
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Tax Committee Clarifies Diaspora Concerns, Says Personal Remittances Not Taxable Under 2026 Reforms
The Presidential Fiscal Policy and Tax Reforms Committee has issued clarifications to address concerns raised by Nigerians in the diaspora...
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