TAX

January 31, (THEWILL) — The Federal Government has reiterated that the filing of annual tax returns by employers and individual taxpayers is compulsory, warning that compliance is not optional under Nigerian tax laws. The Chairman of the Presidential Committee on...

January 15, (THEWILL) — The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has denied reports claiming that the Federal Government suspended the issuance of implementation guidelines for the newly enacted tax laws. A media...

January 12, (THEWILL) — The Federal Government has announced plans to make cryptocurrency transactions traceable under the Nigeria Tax Administration Act (NTAA) 2025. This move is aimed at curbing tax evasion, improving compliance, and strengthening oversight of Nigeria’s digital...

December 30, (THEWILL) — President Bola Tinubu has firmly ruled out any reversal or delay in the implementation of Nigeria’s new tax laws, confirming that the reform acts will take full effect on January 1, 2026, as scheduled. The President...

December 12, (THEWILL) — The Federal Government has announced that all taxable Nigerians will be required to provide a Tax Identification Number (TIN) to operate bank accounts from January 1, 2026, in line with the country’s new tax...

December 09, (THEWILL) — Nigeria’s newly enacted Tax Administration Act 2025 has introduced some of the toughest tax-compliance penalties in the country’s history, including a N10 million fine and up to 10 years imprisonment for serious offences such...

December 08, (THEWILL) — Nigeria is overhauling its tax system to make it simpler, more transparent, and investor-friendly, a move aimed at attracting investment while protecting businesses from outdated and fragmented tax rules, the Presidency said on Monday. Contrary to...

December 08, (THEWILL) — The number and variety of taxes proposed, or already imposed by the President Bola Ahmed Tinubu administration in its 30-month of existence have begun to generate a lot of confusion and anxiety in the polity....

November 14, (THEWILL) — Nigeria’s renewed push to raise government revenue through an expanded and more aggressive tax regime is facing mounting criticism from economists, private-sector leaders, and development experts who warn that the current approach could undermine the...

November 04, (THEWILL) — In a major move to ease the tax burden on ordinary Nigerians and support small businesses, the Presidential Fiscal Policy and Tax Reforms Committee has announced 50 tax exemptions and reliefs set to take effect...