…revenue growth to petrol subsidy removal, exchange rate unification and improvements in tax administration since 2023, alongside federal intervention funds and the settlement of longstanding obligations to states. According to her, the additional resources have enabled states to meet salary obligations and created oppo…
…that the development marked another important step towards strengthening the state’s tax administration framework. In a statement issued on Thursday, by the Communication and Stakeholder Liaison Department of the board, the JRB said the achievements by both states represented significant progress in efforts to harmonis…
…welfare, strengthen the judiciary, protect property rights and reform the state’s tax administration”. ‎ ‎The governor signed the bills at the Executive Council Chambers, Government House, Asaba, on Wednesday, describing the development as part of his administration’s commitment to reforms under the MORE Agenda…
…channel for resolving administrative complaints and identifying weaknesses in tax administration. He disclosed that the office was developing governance structures, a digital complaint management system, taxpayer education programmes, stakeholder partnerships and dedicated call centres. He also outlined five principles…
…of the state’s revenue collection system and promote transparent and accountable tax administration.
…Chairman, Zacch Adedeji. The action was carried out under the Nigeria Tax Act, Nigeria Tax Administration Act and other extant tax legislation. According to the notice, the company owners and operators had failed to meet their statutory tax obligations despite previous notifications. “Take notice that the owners/operat…
THE Joint Revenue Board (JRB) has urged states yet to enact the Model Harmonised Taxes and Levies Law to expedite action, saying a more uniform tax system is critical to eliminating multiple taxes and levies. The post JRB calls on states to streamline tax administration appeared first on Tribune Online.
…efforts to deepen taxpayer awareness, promote fairness and strengthen trust in Nigeria’s tax administration. The Tax Ombud and Chief Executive Officer of OTO, Mr. John Nwabueze, disclosed this, yesterday, at a stakeholders’ engagement in Abuja. Nwabueze said the Bill would give taxpayers a clear understanding of their…
…Adegbuyi argued that verified location data could improve policing, emergency response, tax administration, social investment programmes and logistics by allowing government agencies to accurately identify people, businesses and infrastructure. He also linked the proposal to local government administration, saying coun…
…six years. VASPs are also required to maintain records in accordance with the Nigeria Tax Administration Act. Responsibilities of exchanges and P2P platforms The guidelines place significant compliance obligations on cryptocurrency exchanges, Virtual Asset Service Providers and P2P marketplace operators. They are requi…
…other digital asset transactions in line with the Nigeria Tax Act, 2025, and the Nigeria Tax Administration Act, 2025. The new guidelines are aimed at taxpayers, Virtual Asset Service Providers, Peer-to-Peer marketplace operators, tax practitioners and individuals engaged in virtual asset activities, as the Federal Gov…
…NWOKOJI in this report examines various shades of opinions in the quest for a better tax administration. Nigeria’s tax system is changing quickly. The Federal […] The post Tax Ombud and professionals: The debate on transparent tax administration appeared first on Tribune Online.
…overhaul of Nigeria’s tax system in decades, noting that they were designed to simplify tax administration, improve certainty, enhance the country’s competitiveness, protect vulnerable Nigerians and lay a stronger foundation for sustainable economic growth. According to him, the previous VAT Modification Order, which w…
…affordable financing. He also reaffirmed MAN’s support for tax reforms that modernise tax administration and improve revenue generation but opposed the retroactive application of the 2025 Nigeria Tax Laws, noting, “Our position remains unchanged. We support reforms that modernise tax administration, improve revenue mob…
…need to upgrade their tax and accounting processes as Nigeria moves towards a digital tax administration system driven by electronic invoicing, the Nigeria Revenue Service has said. The e-invoicing framework, which is being introduced through a phased rollout, is designed to improve transaction visibility, reduce reven…
…haulage fee platform is part of the Kwara state government’s ongoing efforts to reform tax administration, curb revenue leakages and eliminate illegal collections by unauthorised individuals and groups operating on highways across the state.
…government and essential private services, including banking, passport applications, tax administration, pensions, land transactions and consumer credit.
…fiscal consolidation should be supported by stronger revenue mobilisation, improved tax administration, more efficient public spending and increased investment in infrastructure, skills development and targeted social protection programmes. The Fund also advised commodity-exporting countries to avoid excessive governme…
…Federal Capital Territory (FCT) counterpart, Barr. Nyesom Wike have met to finetune the tax administration in the FCT. Mr. Oyedele, in a statement on Sunday, described it as a, “productive bilateral meeting,” adding, “the two Ministers also reviewed plans to harmonise tax administration within the FCT.” The harmonisati…
…also reported that the House Minority Caucus alleged that discrepancies in the Nigeria Tax Administration Act amounted to an alteration that weakened the legislature's authority. The caucus reportedly described any attempt to foist fake laws on Nigerians as an attack on the independence and constitutional role of the N…