The Peoples Redemption Party (PRP) has restated its call for the impeachment of President Bola Tinubu if indeed was found culpable in the distortion of tax laws. The party condemned what it described as the blatant executive misconduct and flagrant disregard for constitutional sovereignty exhibited by the current administration in the alleged recent manipulation of…
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…
The African Democratic Congress (ADC) has called for the immediate suspension of the tax laws signed by President Bola Tinubu, alleging that the final versions contain forged provisions not passed by the National Assembly. In a statement issued today, Mallam Bolaji Abdullahi, national publicity secretary of the ADC, said the tax laws scheduled to take…
Peter Obi has described the discrepancies between the tax reform laws passed by the House of Representatives and the gazetted versions signed by President Bola Tinubu as a migration from padding budgets to altering laws. The Labour Party’s 2023 presidential candidate accused the Federal Government of toying with public trust. Peter Obi tasked the Federal…
A member of the House of Representatives, Abdussamad Dasuki, has drawn the attention of his colleagues to alleged alterations of the tax bills as passed in both chambers of the National Assembly. Speaking under the matter of privileges at Wednesday’s plenary session, Dasuki alleged that the gazetted copy of the new tax laws in circulation…
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Mr. Taiwo Oyedele, has announced a sweeping set of 50 tax exemptions and reliefs aimed at easing the financial burden on low-income earners, average taxpayers, and small businesses, as part of Nigeria’s new tax reform framework set to take effect on January 1, 2026….
The Federal Government, through the Presidential Fiscal Policy and Tax Reforms Committee, has opened the Students Tax Reform Challenge — a nationwide competition aimed at engaging young Nigerians on the country’s new tax reform laws. Here’s a step-by-step guide on how to participate and everything to know about the initiative. Purpose of the Challenge The…
The new tax reform has been signed and will be implemented starting in the 2026 fiscal year. The new tax law has earmarked N800,000 as the cut-off annual income threshold below which the Nigerian Revenue Service and State Inland Revenue Services will charge no personal income tax. For corporates, a turnover figure of N100 million…
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…
President Bola Tinubu’s tax czar, Taiwo Oyedele, says all Nigerians, including ladies engaging in prostitution popularly called “runs,” and people engaging in illegal transactions are mandated to pay tax per the new tax reforms set to be enforced in January 2026. In the eyes of the new tax law, Mr Oyedele explained, there are no…
