Nigerian Tax Law: No Double Tax on Diaspora Income
Nigeria's new tax reforms clarify that Nigerians abroad are not taxed on foreign income or remittances, addressing fears of double taxation with DTAs and residency rules.
Category : Taxation
FG Sets 2028 Deadline for Full Tax Law Enforcement
The Federal Government has announced a phased timeline for enforcing Nigeria's new tax laws, targeting full rollout by 2028, with medium-sized companies first to adopt e-invoicing in 2026.
FG Clarifies No 25% Tax on Building Materials, Bank Balances
The Presidential Fiscal Policy and Tax Reforms Committee has dismissed viral claims that the Nigeria Tax Act 2025 imposes a 25% levy on building materials, construction funds, or bank savings. The committee clarified the law's actual provisions, which inc
DisCos Require TIN, CAC, NIN for Corporate Meter Recharge
Electricity Distribution Companies in Nigeria have introduced new compliance requirements for corporate customers under the Nigeria Tax Act 2025. Ikeja Electric has set a February 20 deadline for businesses to submit identification documents to avoid serv
FG Denies 25% Tax on Building Materials Under New Law
The Tinubu administration clarifies that the Nigeria Tax Act 2025 imposes no 25% levy on construction materials, countering misinformation from former minister Rotimi Amaechi.
Osun Gov Adeleke: No New Tax Burden, Fair Reforms
Osun State Governor Ademola Adeleke assures residents that ongoing tax reforms aim for fairness and revenue growth without imposing hardship, emphasizing support for SMEs and low-income earners.
Nigerian Workers See Higher Take-Home Pay After Tax Reforms
Nigeria's tax reforms under President Tinubu are delivering tangible benefits to salary earners, with reduced PAYE deductions leading to higher net pay for workers across income brackets.
Banks Deduct 10% Tax on Savings Interest, Nigerians Protest
Major Nigerian banks including Access, Zenith, and UBA have begun deducting 10% withholding tax on savings account interest following new government directives, causing widespread anger among savers already struggling with economic pressures.
Tax Reforms Are Economic Policy, Not Politics: Expert
Public policy analyst Aderonke defends Nigeria's tax reforms as essential for economic stability, addressing legislative disputes and urging focus on implementation to boost revenue.
New Nigerian Tax Law: Key Changes and Penalties
The Nigeria Tax Act 2025 introduces stricter compliance deadlines and penalties up to 40% for Stamp Duty, PAYE, VAT and Withholding Tax. Learn the key changes affecting businesses and individuals.
FG: 'Paying Tax Is Not Enough' as Deadlines Near
Federal Government issues urgent warning to Nigerians about tax return filing obligations. Taiwo Oyedele reveals alarmingly low compliance rates with deadlines approaching.
Joshua, Rowling, Salah in UK Top 100 Taxpayers List
The Sunday Times Tax List 2026 reveals the UK's biggest taxpayers, including celebrities and entrepreneurs. Betfred founders top the rankings with £400.1m tax payment.
Reps Spokesman Rejects Ndume's Tax Law Allegations
Hon Philip Agbese has dismissed Senator Ali Ndume's allegations of falsified tax laws as misleading and sheer mischief, insisting proper legislative processes were followed.
15 Things to Know About Nigeria's New Personal Income Tax
Understanding Nigeria's updated Personal Income Tax framework with 15 essential facts about assessment, collection, and enforcement procedures.
LIRS Extends Employer Tax Return Deadline to February 7
The Lagos State Internal Revenue Service has extended the deadline for employers' annual tax returns from February 1 to February 7, 2026, to allow for accurate submissions.
2026 Tax Reforms: Enforcement Begins with Digital Income
Nigeria's 2026 tax reforms shift from persuasion to enforcement, targeting digital income and offering employer incentives. Learn how to calculate personal income tax under new rules.
Oyedele Explains Opposition to Nigeria's Tax Reforms
Taiwo Oyedele, chairman of the presidential tax reforms committee, says resistance comes from long-term tax evaders fearing exposure. He compares Nigeria's low revenue to South Africa's performance.
New Tax Laws Bring 50 Reliefs to Nigerians in 2026
Nigeria's sweeping tax reforms effective January 2026 offer significant exemptions including PAYE relief for minimum wage earners, zero-rated VAT on essentials, and business incentives to stimulate economic growth.
Nigerian Workers Get Higher Pay Under New Tax Laws
Nigerian workers report increased take-home pay in January 2026 as new tax reforms reduce PAYE deductions. Presidential committee confirms early benefits.
LIRS Clarifies Tax Recovery Process, Denies Account Seizure
Lagos State Internal Revenue Service Chairman Ayodele Subair clarifies that the agency's power to recover unpaid taxes through third parties is a legal, court-backed process for recalcitrant defaulters, not arbitrary account seizures.
Govt to Recover Unpaid Tax Through Banks, Tenants, Family
Lagos State government announces new tax recovery method using third parties under Power of Substitution law. Banks, employers, tenants may be compelled to pay defaulters' taxes.
YouTuber Mistakes US Tax for Nigerian Government Deduction
A Nigerian content creator sparked online debate after sharing YouTube earnings showing significant tax deduction, initially blaming the Nigerian government before realizing it was US tax withholding.
Man Confirms ₦30,000 Salary Increase Under New Tax Law
A Nigerian man took to social media to confirm his friend received a ₦30,000 salary increase due to reduced tax deductions under the new tax policy, sparking mixed reactions online.
Man's Salary Rises Under New Tax Law, Shares Plans
A young Nigerian man expresses joy as his January salary increases due to the new tax law, revealing the extra amount and how he'll spend it.
Nigerian Man Reports Salary Increase Under New Tax Reform
A Nigerian man has shared his experience with the new tax law, confirming a salary increase but expressing disappointment over the modest amount. The reform has sparked diverse reactions online.
Lagos Tax Reform: Most Taxpayers to Pay Less or Zero
Lagos State Internal Revenue Service analysis shows over 98% of taxpayers will pay reduced or zero tax under new regime, with exemptions for low-income earners and minimum wage workers.
Lady Demands Ban on New Tax Law After N70 Deduction
A Nigerian woman has called on the government to ban the new tax law after N70 was deducted from her account during a transfer, calling the policy unnecessary and burdensome.
LIRS: Fake Tax Transactions Face Penalties from 2026
Lagos State Internal Revenue Service warns taxpayers against artificial transactions to reduce tax liabilities under NTAA 2025, with penalties effective January 2026.
Nigerian Man's Salary Rises Due to New Tax Reform
A Nigerian cybersecurity analyst shares how the 2026 tax laws increased his monthly salary by N3,500 through tax reduction, sparking mixed reactions online.
Lagos to Recover Unpaid Taxes via Banks, Tenants, Debtors
Lagos State Government implements aggressive tax recovery strategy using 'Power of Substitution' to collect unpaid taxes from third parties including banks, employers, and tenants.
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