Nine Major Facts About Tinubu's Controversial Tax Bills President Bola Ahmed Tinubu submitted four tax reform bills to the National Assembly on September 3, 2024. These bills—the Nigeria Tax Bill 2024, the Tax Administration Bill, the Nigeria Revenue Service Establishment Bill, and the Joint Revenue Board...

Governors Back Tax Reforms, Endorse New VAT Sharing Formula After weeks of intense debate, governors from Nigeria's 36 states and the Presidential Tax Reform Committee have finally reached an agreement on how to share the Value Added Tax (VAT). The governors, at the end of their...

FG Begins New Withdrawing Tax Policy  The Federal Government has commenced the implementation of the 2024 Withholding Tax Regulations, signalling effort to modernise Nigeria’s tax system. Approved by President Bola Tinubu in July 2024 and published in the Official Gazette in October, the revised regulations became...

Tax Burden Reduced for 90% of Public, Private Sector Workers - Oyedele   The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has maintained that over 90 per cent of workers in the public and private sectors would be paying lower...

Tinubu Defies Critics, Insists on Tax Reforms   President Bola Tinubu has reaffirmed his commitment to the proposed tax reforms, despite mounting opposition from various stakeholders. During his first Presidential Media Chat, Tinubu emphasized that the tax reforms aim to eliminate colonial-based assumptions in the nation's...

Tax Reforms to Promote Fairness, Says Tinubu   President Bola Tinubu recently defended his four tax reform bills, which are currently under consideration by the National Assembly. These bills aim to streamline tax administration, enhance revenue generation, and promote equitable resource allocation, ultimately making Nigeria more competitive...