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...
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...
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.
