Tax Laws

April 14, (THEWILL) — President Bola Tinubu, on Tuesday, declared that Nigeria’s outdated, colonial-era tax system had long undermined economic growth and impoverished citizens, but affirmed that his administration’s sweeping reforms are already setting the country on a path...

February 08, (THEWILL) — The Socio-Economic Rights and Accountability Project (SERAP) has petitioned the Code of Conduct Bureau (CCB), urging it to investigate alleged abuse of office by members of the National Assembly and officials of the executive...

January 23, (THEWILL) — The Minority Caucus of the House of Representatives has confirmed that some of Nigeria’s recently gazetted tax reform laws were altered after being passed by the National Assembly and assented to by President Bola Tinubu. This...

January 10, (THEWILL) — The Presidential Fiscal Policy and Tax Reforms Committee has defended Nigeria’s newly enacted tax laws, describing them as a bold reform package designed to strengthen fairness, improve competitiveness, and close long-standing loopholes in the...

January 08, (THEWILL) — KPMG has raised concerns over gaps and ambiguities in Nigeria’s newly enacted tax laws, warning that poor clarity and implementation risks could trigger legal disputes and discourage investment. In a recent advisory, the professional services...

January 04, (THEWILL) — Nigeria's newly implemented tax laws, effective from January 1, 2026, provide considerable relief to low-income earners and small businesses, which is their primary feature. This new framework reorganises personal income tax brackets to align with...

January 02, (THEWILL) — The implementation of Nigeria’s newly enacted tax laws commenced on New Year's Day, as the National Assembly intensified efforts to enhance transparency and public confidence in the legislative process. In response to growing public interest and...

January 01, (THEWILL) — Former Vice President of the World Bank, Dr Obiageli ‘Oby’ Ezekwesili, has condemned the alleged gazetting of the wrong version of the tax reform act, saying it constitutes a grave threat to constitutional governance. In...

January 01, (THEWILL) — The Budget Office of the Federation has reaffirmed the integrity of Nigeria’s newly enacted Tax Reform Acts, cautioning against what it described as governance by speculation and unverified claims following allegations of post-passage alterations. In...

January 01, (THEWILL) — The Federal Inland Revenue Service (FIRS) has unveiled its new institutional brand identity as it officially metamorphosed into the Nigeria Revenue Service (NRS). The development ushers in a new dawn in revenue administration in the country...