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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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