…has publicly turned on an opposition senator over statements about Nigeria's new tax lawsThe dispute centres on whether the Nigeria Tax Act 2025 contains a fuel tax and a flat levy on all earningsAgbese is demanding the senator produce the specific legal text backing her claims or issue a public retractionPAY ATTENTION…

…authorities to protect taxpayers’ rights and ensure the implementation of the new tax laws did not impose unlawful burdens on individuals and businesses. Nwabueze spoke on Friday at a stakeholders’ engagement at the Ladi Kwali Conference Centre, Abuja, where he said fairness and transparency were essential to the succe…

…begin a documented resolution process.Its demands include "disclosure of the applicable tax laws and approved rates, clarification of the categories of persons liable to pay, reconciliation of payment records and refunds for any duplicate or unauthorised collections established."NANS also called on Governor Ademola Ade…

…just as Senator Ireti Kingibe said a few days ago, the Federal Government have passed a tax law that is not consistent with productivity. You are supposed to tax wealth. You are not supposed to tax poverty. But they are only interested in taxing poverty.”Make PUNCH part of your everyday experience.Add us to your Prefer…

…market-reflective foreign exchange regime. Other priorities include implementing new tax laws, improving spending efficiency, strengthening debt management and promoting non-oil growth. The minister also pledged to translate macroeconomic stability into shared prosperity through food security, job creation, human devel…

…have failed to comply with their statutory obligations as prescribed under the extant tax laws,” the official notice read.See more Punch stories on Google.Add Punch on Google The revenue authority warned that any officer or agent of the company involved in breaching tax regulations remained liable to prosecution and pu…

…file statutory tax returns; and maintain transaction records in accordance with tax laws. For P2P transactions, the obligations depend on how the platform operates. P2P marketplaces that hold assets in escrow or systematically facilitate virtual asset transactions have the same tax collection responsibilities as exchan…

…to providing clarity, certainty, and consistency in the administration of Nigeria’s tax laws as they relate to the rapidly evolving virtual asset ecosystem. The Guidelines are intended to promote voluntary compliance, enhance transparency, and support the development of a fair and efficient tax framework for digital as…

…on Friday, in a move aimed at ensuring the effective implementation of Nigeria’s new tax laws. Mr. Oyedele was quoted as saying the committee’s work would “provide greater certainty for businesses, investors and tax administrators,” and thst the assignment was critical to the successful implementation of the Tax Reform…

…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 mobilisation, and strengthen fiscal sustainability. At the same time, successful reform depends on transparent i…

…of taxation, record-keeping, and business management, noting that ignorance of tax laws remains one of the biggest challenges facing the informal sector. “We want our people to understand taxation better. We are ready to educate them on how to keep proper records, manage their businesses, and comply with the law. We do…

…of the Tax Acts 2025, setting out the process for transition from the repealed tax laws to the new tax framework effective from January 1, 2026. The Guidelines provide direction to taxpayers, tax practitioners, revenue authorities and other stakeholders on how to address various issues arising from the old regime to th…

The Federal Government has assured businesses that tax incentives granted under repealed tax laws will remain valid until their expiration

…One Big Beautiful Bill Act of 2026.(3) Sports Bettors Must Also Adhere To State Income Tax Laws When Betting On The World CupEven beyond the federal income tax laws, sports bettors must also adhere to state income tax laws. These laws apply to the jurisdiction where the bet is placed -- one of the reasons why each bett…