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...
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...
An Akwa Ibom State High Court sitting in Uyo has dismissed a petition seeking the dissolution of a marriage that has lasted over 43 years, ruling that lack of love and mutual respect between spouses does not, on its own, constitute sufficient legal grounds for divorce.
