The four tax reform bills proposed by President Bola Tinubu are stoking anger in Northern Nigeria, with groups in the region demanding the suspension of what they described as the anti-north agenda. The controversial bills – the Joint Revenue Board of Nigeria (Establishment) Bill, 2024 -SB.583; the Nigeria Revenue Service (Establishment) Bill, 2024- SB.584; the … Read more
Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, had said majority of the consumption Value-Added Tax (VAT) the Nigerian government received over the years are from low income earners. He said the government wants to reform its tax system to remove VAT from essential consumption, education, healthcare, transportation and accommodation … Read more
The Nigerian Financial Intelligence Unit (NFIU) has called for an efficient taxation system to ensure an equitable share of the tax burden. The NFIU’s Chief Executive Officer, Hafsa Bakari, made the call during the Revenue Assurance Summit the agency organised in Abuja on Tuesday. Ms Bakari emphasised that for the government to be able to … Read more
The deduction of tax at source (Withholding) regulations, 2024, has been published in the official gazette, Taiwo Oyedele, the chairman of the presidential fiscal policy and tax reforms committee, has said. Mr Oyedele disclosed this via his official X handle on Wednesday. The official gazette of the Federal Republic of Nigeria is a publication that … Read more
