Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has called on Nigerians to ensure they submit their annual tax returns as required by law. He emphasised that tax compliance is mandatory for both employers and individual taxpayers. Oyedele made the appeal during a webinar organised for HR managers, payroll officers,…
Many Nigerian workers who received their January 2026 salaries are already noticing improved take-home pay following a reduction in deductions under the Pay As You Earn (PAYE) tax system. The development was disclosed by Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, in a statement shared on his WhatsApp platform. He…
Chairman of the Presidential Tax Reform Committee, Taiwo Oyedele, has dismissed as fake news a report claiming that the Federal Government has halted the issuance of implementation guidelines for Nigeriaās new tax laws. Oyedele made the reaction on X on Thursday, responding to a lengthy report which alleged that uncertainty over the final versions of…
The Nigeria Tax Reform Acts were formally presented to President Bola Tinubu at his Lagos residence on Friday. The presentation was made by the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele. According to the official photos from the event, Oyedele handed the documents directly to the President. Photo from…
Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has stated that President Bola Tinubu lacks the constitutional authority to suspend the newly enacted tax laws. Oyedele made this position clear amid growing calls for the Federal Government to halt the implementation of the laws following controversies surrounding their passage and…
The presidency on Monday weighed in on the controversy trailing the new tax laws scheduled to take effect on January 1 in the country. This comes as former Vice President Atiku Abubakar, the 2023 presidential candidate of the Labour Party, Peter Obi, and several civil society organisations called for the suspension of the implementation of…
Nigerian banks will be obligated to request Tax Identification Numbers (TINs) from all taxable individuals and businesses before allowing full account operations starting from January 1, 2026. Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, disclosed this in a video posted on X on Thursday. The directive, outlined in Section…
The Chairman of the Presidential Committee on Tax Reforms, Taiwo Oyedele, has shed more light on how Nigeriaās incoming tax intelligence framework will monitor financial behaviour to identify tax evasion. Speaking on The Micon Podcast, Oyedele explained that the new system will aggregate multiple data points to build a clearer picture of individualsā financial activities….
Taiwo Oyedele, chairman of the presidential fiscal policy and tax reforms committee, says every Nigerian who earns an income has a responsibility to declare it. On June 26, President Bola Tinubu signed the four tax reform bills into law, and they are expected to take effect on January 1, 2026. Answering questions during an interactive…
Contrary to the speculation that the five per cent fuel tax recently muted by the Federal Government will take effect from 1 January 2026, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has stated there are no indications that this will happen. Oyedele, speaking on Channels Televisionās The Morning…
