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
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
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...
Consumers kick as POS Operators Hike Charges
Operators of Point-of-Sale (PoS) terminals raised their charges on Monday in line with the implementation of the Electronic Money Transfer Levy of N50 by the Federal Inland Revenue Services charged on any electronic inflow of N10,000 and above.
Several...
The Grave Dangers in Tinubu’s Tax Reform: A Northerner's Perspective
By Bashir I. Bashir
The tax reform bill introduced by President Bola Ahmed Tinubu includes the controversial Section 77, which seeks to overhaul Nigeria’s tax system for improved efficiency and transparency. However, the potential implications of...
AuG Uncovers N14bn Tax Irregularities in Over 30 MDAs
A report by the Auditor-General of the Federation has unearthed tax irregularities amounting to N14.33bn across more than 30 Ministries, Departments, and Agencies.
The findings, disclosed in the Auditor-General’s Annual Report on Non-Compliance and Internal Control Weaknesses,...
