The chairman of the senate committee on appropriations, Solomon Adeola, says Nigerians earning N800,000 or less annually will no longer pay personal income tax under the new tax reform laws signed by President Bola Tinubu.
Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has said Nigeria’s new tax law will ease the cost of living.
Tax Reforms Not Just About Revenue, Says Presidential Aide
The tax reforms driven by President Bola Tinubu are focused on empowering, supporting and building a better economic future for young Nigerians to thrive, the Senior Special Assistant to the President on Citizenship and Leadership, Ms...
FG Reforms: Tinubu Appoints Board Chairmen for 43 Federal Agencies, Parastatals
President Bola Tinubu has made key appointments, naming board chairpersons for 43 federal agencies and parastatals, as well as a secretary to the board of the Civil Defence, Immigration, and Prisons Services.
The President, according...
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...
Taiwo Oyedele, Chairman of the Presidential Advisory Committee on Fiscal Policy and Tax Reform, has clarified that individuals earning N1.7 million or less a month will see a reduction in Pay As You Earn (PAYE) taxes under the proposed Tax Amendment Bills, contrary to some speculations.
