TAX

April 26, (THEWILL) — In the vibrant markets of Onitsha and the high-energy tech hubs of Lagos, there is a common sentiment among business owners: If the bank account isn’t overflowing, the taxman shouldn’t be calling. It is a...

April 20, (THEWILL) — Nigeria is overhauling its revenue model, shifting away from heavy dependence on import and export duties toward a consumption-driven tax system. Under the 2026 Fiscal Policy Measures and Tariff Amendments, the Federal Government has reduced...

April 19, (THEWILL) — Picture this: A customer walks into your fabric shop on Adeniji Adele Road in Lagos and spends N20,000. At 7.5 percent VAT, they hand you an extra N1,500. That N1,500 is not a tip, not...

April 06, (THEWILL) — The landscape of work in Nigeria has undergone a radical transformation over the last few years In high-brow neighbourhoods from Lekki to Maitama, a new generation of professionals is redefining the traditional career path. These...

March 29, (THEWILL) — Residents of Lagos are experiencing significant anxiety regarding the state government's mandate requiring all taxable adults to submit their personal tax returns by March 31, 2026, or face serious repercussions for non-compliance. This directive comes in...

March 22, (THEWILL) — In Nigeria’s payroll environment, few issues generate as much quiet misunderstanding as tax. PAYE is deducted every month, pay-slips are issued and most employees assume their tax obligations have been fully discharged. Many employers reinforce...

March 15, (THEWILL) — Gifts feel simple: you hand over money or an asset to someone you care about and, in your mind, the matter is settled. But under the Nigerian tax law, the picture is more nuanced. While...

March 08, (THEWILL) — In Nigeria’s payroll environment, few issues generate as much quiet misunderstanding as tax. PAYE is deducted every month, pay-slips are issued and most employees assume their tax obligations have been fully discharged. Many employers reinforce...

March 03, (THEWILL) — The Federal Government has taken decisive steps to sanitise Nigeria’s tax administration system by banning cash payments for taxes and outlawing the use of roadblocks for revenue enforcement nationwide. The new directive forms part of regulations...

February 01, (THEWILL) — For upwards of a decade-and-half, the Central Bank of Nigeria (CBN) has been implementing the financial inclusion and cashless economy initiative. Introduced in 2011, the policy aimed to reduce physical cash circulation, promote electronic transactions,...