Nigeria’s upcoming requirement for all taxable persons to obtain a Tax Identification Number (TIN) by January 2026 marks a significant step in modernizing the nation’s tax framework. This reform aims to broaden the tax base, reduce reliance on oil revenues, and integrate the informal economy into the formal sector. However, the implementation of this policy […]

At a recent strategic engagement hosted by the Presidential Fiscal Policy and Tax Reforms Committee, the Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, emphasized that the successful implementation of Nigeria’s new tax laws will require strong collaboration across all levels of government and the private sector. Speaking in Abuja, Adedeji noted

As part of the newly enacted Nigeria Tax Reform Acts (2025), the Federal Government will, effective January 1, 2026, reinstate Value Added Tax (VAT) and customs duties on: These changes reverse previous exemptions and are part of broader fiscal reforms aimed at increasing Nigeria’s tax-to-GDP ratio and consolidating tax administration under the new Nigeria Revenue

The Federal Inland Revenue Service (FIRS) has confirmed that its newly implemented Tax Identification Number (TIN) framework is fully integrated with existing national databases, including the National Identification Number (NIN) for individuals and Corporate Affairs Commission (CAC) records for registered entities. Recent speculation on social media suggested that, beginning January 2026, Nigerians would be required

The widely discussed 5% fuel surcharge under Nigeria’s new tax laws is not a newly introduced levy by the current administration. Rather, it is a restatement of an existing provision previously embedded in the Federal Roads Maintenance Agency (Amendment) Act, 2007 (FERMA Act). Its inclusion in the new tax laws forms part of a broader

The Nigeria Customs Service Board has officially approved a $300 de minimis threshold for low-value consignments entering the country via express shipments and passenger baggage. The new policy, which takes effect from Monday, September 8, 2025, was ratified during the Board’s 63rd regular meeting held on September 2, 2025. According to the National Public Relations

The Federal Inland Revenue Service (FIRS) has officially approved eTranzact International Plc as a certified partner for the nationwide deployment of its new e-invoicing platform, known as the Merchant Buyer Solution (MBS). This development marks a significant step in the Federal Government’s ongoing efforts to digitise tax administration. Building on the earlier Tax Administration 2.0

Paul Ikonne, a prominent figure in the All Progressives Congress (APC), has raised serious concerns about the current tax regime in Abia State, urging Governor Alex Otti to reconsider levies imposed on traders. He described the tax burden as counterproductive, harmful to small and medium-scale enterprises (SMEs), and detrimental to the region’s economic vitality. In

Nigeria’s ongoing tax reform agenda promises significant relief for businesses by eliminating input Value Added Tax (VAT) costs across entire value chains and streamlining compliance obligations. According to policymakers, these changes are aimed at lowering operational expenses, encouraging business expansion, and driving private sector-led growth. Speaking at the Nigerian Economic Society Group private sector forum,

In a significant move toward improving Nigeria’s regulatory landscape, the Corporate Affairs Commission (CAC) and the Financial Reporting Council of Nigeria (FRC) have announced a strategic partnership aimed at deepening inter-agency collaboration. This alliance is positioned to play a vital role in fostering economic growth, streamlining compliance processes, and elevating corporate governance standards across the