VAT, E-Money Transfers Outperform Oil as FAAC Distributes N2.1trn in Sept While the Federation Account Allocation Committee (FAAC) shared N2.103 trillion among the three tiers of government for September 2025, the standout detail was the surging performance of non-oil revenue sources, which offset declines in...

‎Many Nigerians in the diaspora have raised certain questions regarding the new tax reform laws and the possible implications. ‎

‎How the New Tax Reform Laws Affect Nigerians in the Diaspora ‎ ‎Many Nigerians in the diaspora have raised certain questions regarding the new tax reform laws and the possible implications. ‎ ‎This note provides answers to the frequently asked questions and clarifies issues of concern. ‎ ‎𝐐1: 𝐖𝐢𝐥𝐥 𝐭𝐡𝐞...

Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has said Nigerians who earn income from sex work and other activities often considered “illegitimate” will be liable to pay taxes under the country’s new fiscal regime.

Federal Inland Revenue Service has explained that the government’s reforms exempt food, education, shared transportation, and agriculture from value-added tax.

Concerns Lingers as Multiple Taxation After Reforms   Stakeholders have expressed fears that the issue of multiple taxation may not be over despite the 2025 Tax Reform Law, emphasizing the need for effective implementation when it comes into force in 2026. It would be recalled that President...