Tag
TAX REFORMS
The Federal Inland Revenue Service (FIRS) has issued a directive mandating strict compliance with withholding tax regulations on interest earned from short-term securities to avoid the imposition of penalties.
Nigeria’s total public debt could rise to N160.6 trillion by the end of 2025, raising new concerns about...
Informal traders and commercial vehicle drivers in Nigeria have called on the government to implement a single, unified tax payment system to alleviate the burden of indiscriminate and multiple levies.
Africa Sovereign Credit has forecasted that Nigeria's GDP growth will accelerate to 3.8% year-on-year in 2025, up from 3.4% in 2024, propelled by tax reforms and the service sector.
Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has expressed concerns regarding US President Donald Trump's announcement to establish an external revenue service to impose taxes and tariffs on foreign countries.
The Chairman of the Presidential Committee on Tax Policy and Fiscal Reforms, Taiwo Oyedele, has described the period...
The Chairman, Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele has explained how the Nigerian government intends to prevent rich Nigerians from evading taxes and make them pay more, through the Tax reform bills.
Taiwo Oyedele, Chairman of the Presidential Tax Reforms and Fiscal Policy Committee, has called for urgent reforms in Nigeria’s tax system, describing it as one of the most business-unfriendly in the world.
The former governor of Anambra State, Peter Obi, has advised the federal government to secure Nigerians' "buy-in" (agreement) before effecting any policy changes embodied in the tax reform bills currently before the National Assembly.
The Presidency has dismissed claims that the government is planning to scrap the National Information Technology Development Agency and the National Agency for Science and Engineering Infrastructure (NASENI) and the Tertiary Education Trust Fund (TETFUND) through the controversial tax reform bills currently before the National Assembly.
According to him, the current VAT distribution model is not only unfair to Northern states but states across all geopolitical zones.
Vice President Kashim Shettima has stated that the tax reforms implemented by President Bola Tinubu's administration are aimed at enhancing the overall well-being of Nigerians.