tax
The Federal Government has said that all income earned in Nigeria, including money made by ‘runs girls,’ is taxable under the law. Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, stated this in a now-viral video from a tax education session by the Redeemed Christian Church of God, City of […]
The Federal Inland Revenue Service (FIRS) has said Nigeria’s sweeping new tax reforms will exempt essential sectors including food, education, agriculture, and shared transportation from value-added tax (VAT), in what it described as the most significant fiscal transformation since independence. The Executive Chairman of the FIRS, Zacch Adedeji, disclosed the reforms during an interview marking […]
Finance Minister Wale Edun has clarified that the Federal Government has no immediate plans to implement a proposed 5 per cent surcharge on petroleum products, despite its inclusion in a new tax reform framework scheduled to take effect in 2026. Speaking to reporters in Abuja on Tuesday, Edun stressed that the measure is not a […]
A chieftain of the All Progressives Congress (APC) in Abia State, Prince Paul Ikonne, has condemned the unbearable hardship being meted out to traders in Aba by Governor Alex Otti’s administration. He described the current taxation regime in the state as insensitive, exploitative, and destructive to the commercial lifeline of the country. Ikonne in a statement in […]
President Bola Tinubu has permanently abolished the controversial 5% excise duty on telecommunications services, in a move designed to reduce financial strain on consumers and boost Nigeria’s digital economy. The development was confirmed on Tuesday by the Executive Vice-Chairman of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, during a media briefing in Abuja. Maida […]
President Bola Tinubu is scheduled to sign into law four transformative tax reform bills today at the Presidential Villa, Abuja, in what is being described as a historic step towards restructuring Nigeria’s revenue administration and improving the ease of doing business. According to a statement by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, […]
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