Tax Reform

December 08, (THEWILL) — The Federal Government has inaugurated the National Tax Policy Implementation Committee (NTPIC), marking a deliberate shift toward a more predictable and market-aligned rollout of the newly enacted capital-gains-tax (CGT) provisions. The move follows extensive technical engagements...

November 20, (THEWILL) — The Presidential Fiscal Policy and Tax Reforms Committee, chaired by Taiwo Oyedele, has announced that virtual currencies, including cryptocurrencies, will now be liable to tax under Nigeria’s revised tax system. Speaking at an online lecture...

November 13, (THEWILL) — The Federal Government has announced a new international tax cooperation initiative designed to track the income of Nigerians earning remotely from foreign employers. According to Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy...

November 12, (THEWILL) — Nigeria is preparing for a sweeping overhaul of its tax system the Tax Reform Acts of 2025, set to take effect on January 1, 2026. These reforms are designed to modernize tax administration, widen the...

October 19, (THEWILL) — Despite the highly celebrated tax reform laws recently enacted by the Federal Government, the states and local government councils are not likely to enjoy the benefits that the new system is said to offer. Taiwo Oyedele,...

October 03, (THEWILL) — The Presidential Fiscal Policy and Tax Reforms Committee, on Friday, October 3, engaged journalists, influencers, and public analysts in an interactive session to clarify some misconceptions surrounding Nigeria’s newly enacted tax reform laws. Speaking...

September 07, (THEWILL) — Nigerians will confront a pivotal decision next year as the transformative tax legislation takes effect, introducing a 5 percent surcharge on refined fossil fuels alongside comprehensive personal income tax reforms. These measures form part of...

June 19, (THEWILL) – The Nigerian National Assembly had formally transmitted four key tax reform bills to President Bola Tinubu for his assent. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this on Wednesday, during...

December 29, (THEWILL) – At this significant crossroads, the future prosperity of Nigeria heavily relies on visionary reforms and active civic participation. One such critical reform, currently being pursued by President Bola Tinubu, involves the restructuring of our nation’s tax...

December 03, (THEWILL) - Presidential candidate of the Labour Party (LP) in the 2023 General Election, Peter Obi, has called for extensive public engagement on the proposed tax reforms bill by President Bola Tinubu. The proposed legislation, which seeks to...