TAX

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,...

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...