Oyo State Government, on Friday, warned business owners domiciled in the state and residents against invading taxes, just as it said it might use legal action against such an individual. The Executive Chairman of the state Board of Internal Revenue,…
By Gbenga Olaseinde The Coordinating Minister of Health and Social welfare, Dr Muhammad Ali Pate, has disclosed that Nigeria is one of the Countries faced with growing health crisis with Sugar Sweetened Beverages (SSB) related diseases such as obesity and…
The Chairman, Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has denied a media report on the proposal to reduce the Federal Government’s share from the Federation Account Allocation Committee. While reacting to a report published by an…
The Federal Government has unveiled new tax regulations aimed at reducing the tax burden on the manufacturing sector and small businesses. This was disclosed in the “Deduction of Tax at Source (Withholding) Regulations, 2024,” signed by the Minister of Finance…
By Esther Agbo The Federal Government has reaffirmed its commitment to empowering micro, small, and medium enterprises (MSMEs) through tax incentives, aimed at spurring growth, fostering innovation, and ensuring the sector’s sustainability. This reaffirmation was made by the Executive Chairman…
The Special Adviser to the President, Information and Strategy, Bayo Onanuga has said that foreigners earning income in Nigeria will henceforth pay taxes under a proposed amendment to the National Identity Management Commission (NIMC) Bill, 2024. Onanuga said this while…
The Federal Government of Nigeria has unveiled key initiatives aimed at driving economic growth by reducing corporate taxes, offering single-digit interest rates, and funding local manufacturing. Minister of finance and coordinating minister of the economy, Wale Edun, disclosed this on…
By Esther Agbo As Nigeria’s economy continues to evolve, the Federal Government is preparing to introduce a comprehensive overhaul of the nation’s tax laws by September. At the heart of this reform is the inclusion of long-overdue regulations for the…
By Matthew Denis The Nigerian Federal Government has declared a 150-day suspension of duties, tariffs, and taxes on several essential food items imported through both land and sea borders. This policy change was revealed by Abubakar Kyari, the Minister of…
By Opeyemi Abdulsalam The Presidential Fiscal Policy and Tax Reform Committee has proposed that all revenue generating agencies will henceforth earn one percent on the revenue they generate. Chairman of the Presidential Fiscal Policy and Tax Reform Committee, Mr. Taiwo…
