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Tax

Explaining the comprehensive framework of the Tax ID

By Arabinrin Aderonke Atoyebi In recent debates about Nigeria’s tax reforms, a widespread misconception has taken root: that citizens without a Tax Identification Number (TIN)...

New law requires Nigerians to obtain Tax ID to operate bank accounts, run businesses by 2026

Starting January 1, 2026, Nigerians will be unable to open or operate bank accounts, conduct business, or access key financial services without a Taxpayer...

Tax Reform Bill passage: New tax laws, better Nigeria

By Arabinrin Aderonke Nigeria must work; this is the vision we have held onto for so long. When the news came that the Senate had...

“You lack the power to collect revenues on behalf of FCT Area Councils”, Group tells Wike

The Centre for Reform and Public Advocacy has kicked against the moves by the Federal Capital Territory Internal Revenue Service (FCT -IRS) to collect...

Tax Reform Bills: The north must modernise, anyhow

 By Abdullahi Ismaila Ahmad, Ph.D The tax reform bills recently sent to the National Assembly by President Bola Ahmed Tinubu, GCFR, have generated controversies over...

Trouble brews in Abuja as govt considers 5% tax on students in private schools

A proposal by the authorities in Abuja's department of education to charge a 5% tax on tuition fees for students in private schools is...

Tax evasion: Tribunal orders AEDC to pay N5.3 Billion tax liability for four years

The Tax Appeal Tribunal (TAT) sitting in Abuja, on Thursday, ordered the Abuja Electricity Distribution Company (AEDC) Ltd to pay the cumulative sum of...

Relief as FIRS waives penalties, interests on outstanding tax liabilities

Relief has come the way of taxpayers and businesses as the Federal Inland Revenue Service (FIRS) has granted them full waiver on accumulated penalties...

African Union ululates as global south get tax resolution through at UN

In a cautious note that belies the surprise of the global north,  African countries and others in the global south have succeeded in getting...

Foreign shipping companies lifting crude oil must comply with Nigeria’s tax laws—FIRS chairman

The chairman, Federal Inland Revenue Service (FIRS), Zacch Adedeji, has charged non-domestic companies shipping crude oil from Nigeria to ensure strict compliance with the...

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