TAX

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more transparent, and investor-friendly, a move aimed at attracting investment while protecting businesses from outdated and fragmented tax rules, the Presidency said on Monday.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...

October 12, (THEWILL) — For too long, taxation in Nigeria has been viewed with suspicion—an opaque process where citizens pay, sometimes reluctantly, with little confidence in how fairly their contributions are assessed or applied. President Bola Tinubu’s sweeping 2025 tax...

October 07, (THEWILL) — Nigeria’s planned rollout of excise tax stamps on alcoholic and non-alcoholic beverages has drawn opposition from manufacturers, who warn the measure could drive up production costs, worsen inflation, and dampen consumer demand at a...

July 28, (THEWILL) — President Bola Tinubu’s recent assent to the Tax Reform Bills has launched Nigeria into a new era of fiscal policy, a period ripe with both transformative potential and considerable challenges. While the stated objectives are laudable,...

August 05, (THEWILL) – The prospects of expanding tax revenues and job opportunities are slimming down as Nigeria’s major service and consumer good firms reported massive operating losses in their operations during the first half of 2024. Operating results of...