TAX

June 15, (THEWILL) — Currently many are passing through one of the most difficult times dueThere is an old, reckless joke in the corporate business world that any financial problem can be solved if you simply find a creative...

June 14, (THEWILL) — With the modern financial landscape making global markets easily accessible from a smartphone, an increasing number of Nigerians are building diversified portfolios abroad. Today, it is common to find local investors earning stable, alternative revenue...

June 11, (THEWILL) — The Federal Government, on Wednesday, launched Rev360, a digital tax administration platform designed to improve tax compliance, simplify taxpayer interactions and strengthen revenue collection as part of ongoing reforms to modernise Nigeria’s tax system. The platform...

May 24, (THEWILL) — In Nigeria, there’s a common misconception that only salaried workers and registered companies are liable for tax payments. Many people believe that if they don’t fit into these categories, the tax laws simply don’t apply...

May 20, (THEWILL) — Nigeria’s tax revenue increased to ₦7.44 trillion in the first quarter of 2026, representing a 23.2 percent year-on-year growth, but collections still missed the government’s target by ₦2.24 trillion despite ongoing tax reforms. Documents presented by...

May 18, (THEWILL) — The Nigeria Revenue Service (NRS), in collaboration with the Joint Revenue Board (JRB), has announced the implementation of a unified Taxpayer Identification (Tax ID) system aimed at strengthening tax administration and improving service delivery across...

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...