Browsing Tag
Taxation
16 posts
NRS Mandates E-Invoicing Compliance for Large Taxpayers by July 31
The Nigeria Revenue Service has announced a July 31, 2026, deadline for large taxpayers to implement the national e-invoicing and Electronic Fiscal System.
Prime Minister Andy Burnham’s ambitious agenda faces fiscal reality
Prime Minister Andy Burnham shifts from campaign rhetoric to the difficult task of balancing ambitious national spending plans with strict fiscal and borrowing constraints.
Financial implications of an Andy Burnham administration
Prime Minister Andy Burnham is planning new measures to ease cost-of-living pressures, focusing on tax reform, energy affordability, and housing initiatives.
Nigeria Revenue Service mandates e-invoicing for large taxpayers by July 31
The Nigeria Revenue Service has set a July 31, 2026, deadline for large taxpayers to transition to the mandatory national e-invoicing system or face potential regulatory penalties.
Taraba Judiciary and Revenue Service Align on Tax Compliance Initiatives
The Taraba State Judiciary and the state's internal revenue service are increasing collaboration to improve tax enforcement, with the Chief Judge promising to deploy mobile courts to support collection efforts.
Nigeria and Hong Kong Finalize Double Taxation Accord to Stimulate Investment
Nigeria and Hong Kong have inked a deal to eliminate double taxation and prevent tax evasion, aiming to bolster bilateral trade and investment.
Kogi State Prohibits Highway Revenue and Haulage Charges
The Kogi State Internal Revenue Service has banned all forms of roadside tax and haulage fee collection to align with new national tax laws and improve the local business environment.
Anambra Launches Tax Amnesty Program for Asset and Income Disclosure
Anambra State has introduced a tax amnesty scheme allowing individuals and businesses to declare undeclared income and assets without facing full penalties until September 5, 2026.
Ogun State tax authorities target non-compliant car dealerships
OGIRS is conducting an enforcement operation in Abeokuta to collect unpaid taxes from car dealerships and ensure strict adherence to state registration laws.
LCCI Seeks Deadline Extension and Penalty Relief Following Rev360 Platform Failures
The Lagos Chamber of Commerce and Industry urges the NRS to extend the June 30 CIT filing deadline and waive penalties following widespread technical issues with the new Rev360 tax portal.