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Everything You Need to Know About Nigeria’s Proposed Tax Changes

The Nigerian government is taking bold steps to overhaul the tax system, with four new bills currently under consideration by the National Assembly. These...

New Tax Reform Will Resolve Complexities, Reduce States Burden- Oyedele

The Presidential Tax Reform Committee, led by Chairman Taiwo Oyedele, has proposed sweeping changes aimed at simplifying Nigeria’s tax system by eliminating all state-level...

Nigeria’s businesses strained by $3.5bn annual tax pushing naira devaluation

The chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has revealed that Nigerian businesses are shouldering an estimated $3.5 billion...

FCT Picked As Model For National Tax Harmonization

The Federal Capital Territory (FCT), has been selected as the model for implementing the harmonisation of taxes across the country.This was revealed by Mr....

VAT Not Raised To 10% Says Finance Minister, Edun

The federal government has dismissed any possible increase in Nigeria’s Value-Added Tax (VAT) from 7.5 per cent to 10 per cent.The Minister of Finance...

Nigerian govt streamlines withholding tax regime, aims to ease business burden

In a move aimed at stimulating business activity and reducing compliance hurdles, Nigeria has approved a simplified withholding tax regime.This announcement came from Taiwo...

FG To Slash Cost Of Collection From Customs, FIRS To One Per Cent

The federal government will soon introduce a law to cut the amount revenue-generating agencies take as cost of collection to one percent.The move is...

Nigerian gov to exempt companies earning N25m per annum from CIT, VAT, others

In a bid to help their businesses thrive, and lessen their tax burden, the Federal Government has initiated a plan that would exempt operators...

Tinubu May Remove VAT On Food Items, Healthcare Products, Others

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, had said the committee would propose the removal of Value...

Nigeria Has Capacity To Repay $2.82bn Debt Owed IMF- Report

The International Monetary Fund (IMF) says Nigeria can repay its debt obligations to the Washington-based institution following recent reforms.The IMF said this in the...

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