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Nigeria To Overhaul Tax System As President Tinubu Prepares To Sign Four Major Bills

In a bold fiscal move, Nigerian President Bola Tinubu will sign into law four transformative bills on Thursday that aim to modernise the country’s tax system and boost its revenue-generation capabilities. The new laws – The Nigeria Tax Bill, Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill…

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Wike To Increase Ground Rent, Slams Elite Tax Evasion As FCT’s Greatest Challenge

Minister of the Federal Capital Territory (FCT), Nyesom Wike, has revealed that his administration is actively considering an increase in ground rent payments. Wike also identified the widespread refusal to pay ground rent and other taxes as the most significant obstacle he faces. The announcement follows a major enforcement drive by the FCT Administration (FCTA),…

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Russia, Belarus Move Towards Unified Tax Space

Russia and Belarus said they have reaffirmed their commitment to deepening economic integration by taking concrete steps toward establishing a unified tax space. This development follows the deployment and audit of the Integrated System for the Administration of Indirect Taxes, jointly developed by the tax authorities of both countries. This was reported by the official…

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MTN, CITN Push For Tax Reforms To Boost National Development

MTN Nigeria and the Chartered Institute of Taxation of Nigeria (CITN) have canvassed urgent tax reforms to boost national development. They made the call on Wednesday in Abuja at the ongoing 27th annual Tax Conference of CITN. Both organisations highlighted the importance of public-private collaboration in fostering fiscal transparency and sustainable national development. The four-day…

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FG Committed To Comprehensive Tax Reforms To Enhance Economic Growth- Tinubu

President Bola Tinubu has reiterated his commitment in undertaking bold and comprehensive reforms to reposition the country’s fisical architecture for resilience, inclusiveness and economic growth. Tinubu said this during the 27th Annual Chartered Institute of Taxation of Nigeria (CITN) Tax Conference in Abuja on Tuesday. The theme of the conference was, “Taxation for development, policies,…

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Communication Crucial To Effective Tax Administration, Says FIRS Boss

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr Zack Adedeji, has restated commitment to supporting initiatives that drive tax policy development and capacity building in Nigeria, and across the West African region. “We recognise the importance of domestic resource mobilisation in achieving economic development and growth,” Adedeji said, at the West African…

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Tax Reform Bills: Sharia Council, FCT Imams, Kano Gov’t, Yadudu Reject VAT Rise, Others

The Supreme Council for Shariah in Nigeria, Committee of FCT Imams Initiative, Kano State Government, and former Presidential Adviser Professor Auwalu Yadudu have raised concern about the proposed law on inheritance, saying it will infringe on the religious rights of Christians and Muslims. The stakeholders disclosed this on Wednesday during their various presentations at the…

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