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Tax Matters

Tinubu Defies Critics, Insists on Tax Reforms

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

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...

Tax Reforms Bill have not Addressed Nigeria’s Regional Uniqueness – Report

Tax Reforms Bill have not Addressed Nigeria’s Regional Uniqueness – Report A recent survey by SBM Intelligence alleges that the federal government’s proposed tax reforms fail to account for the unique characteristics of certain Nigerian regions. The report, however, admits that the reforms aim to reduce...

Senate Halts Action on Tax Reform Bills

Senate Halts Action on Tax Reform Bills   The Senate has suspended action on the tax reform bills currently before it. It further instructed the Committee on Finance to stay action on the public hearing pending the time the agitation in the public space is addressed. The Senate...

No Provision Will Impoverish North in Tax Bills – Presidency

No Provision Will Impoverish North in Tax Bills - Presidency   The presidency yesterday reacted to the controversy surrounding the four tax reform bills that had passed second reading in the Senate, but got stuck in the House of Representatives, where further debate on the matter...

NATCOMS to Petition National Assembly Over 5% Tax

NATCOMS to Petition National Assembly Over 5% Tax   The National Association of Telecoms Subscribers (NATCOMS) will write to the National Assembly over the Federal Government’s renewed push to impose a five per cent excise duty on telecommunications services. The group is set to meet this Wednesday...