Nigeria’s Value Added Tax revenue rose to N1.08 trillion in January following the implementation of a new sharing formula that changes how proceeds are distributed among the federal, state and local governments, according to documents from the…
The Presidency on Sunday dismissed claims by former Transportation Minister Rotimi Amaechi that newly implemented tax reforms would impose sweeping financial burdens on Nigerians, describing the remarks as “egregious lies.” In a statement,…
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has denied a report claiming that the Federal Government has paused the issuance of implementation guidelines for the new tax laws due to uncertainty. A…
The Labour Party’s 2023 presidential candidate, Peter Obi, has criticised the Federal Government’s approach to tax implementation, saying it burdens the poor while failing to expand the economic base. Speaking during a media chat in Lagos on…
The Minority Caucus in the House of Representatives has called for the suspension of the controversial tax law implementation scheduled to begin in January 2026. Speaking at a press briefing in Abuja, the Minority Leader, Kingsley Chinda, urged…
Mounting resistance from civil society groups, business owners, and legal experts now challenges the Federal Government’s plan to implement the newly gazetted tax laws by January. The controversy centers on the recent publication of the Finance…
The Nigerian Bar Association (NBA) and former Vice President Atiku Abubakar have called for the immediate suspension of new tax laws recently gazetted by the Federal Government. They argued that the laws were rushed, lacked proper consultation,…
The House of Representatives has launched an investigation into recent amendments to tax laws, amid growing concerns over their potential impact on revenue collection and economic stability. The probe aims to scrutinize the rationale and…
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