Browsing Tag
Taxation
24 posts
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.
Nigerian Government Denies Intent to Hike Taxes
Minister Taiwo Oyedele confirms that the Nigerian government aims to expand the tax base rather than increase tax rates, emphasizing the need for better compliance.
Tax System Reforms Are Essential for Nigeria’s Prosperity, Says Taiwo Oyedele
Finance Minister Taiwo Oyedele asserts that stabilizing Nigeria’s tax system is vital for growth, focusing on expanding the tax base rather than increasing rates.