LEGAL EXPERTS EXPRESSES CONCERN OVER FEDERAL GOVERNMENT STRUCTURED TAXES SYSTEM HANDED OVER TO STATES
As the Nigeria Tax reforms law continues to take the centre stage of discussion, legal luminaries and tax experts have continued to commend the law as timely and gateway to financial prosperity and greater economic pathways for the country.They made their views known at the 2026 Lagos State Professorial Chair in Tax and fiscal matters […]
Minister Edun Pledges Cautious Rollout of Tax Reforms
Minister of Finance, Mr. Wale Edun, has vowed that the Federal Government will take a cautious and consultative stance in rolling out the newly passed tax reform laws. This includes the controversial capital gains tax (CGT) on securities transactions. Speaking in Lagos during the historic listing of the N1 trillion Series 2 of the […]
Senate Halts Action on Controversial Tax Reform Bills
The Nigerian Senate has yielded to public pressure, suspending deliberations on the four controversial tax reform bills sent in by the Executive Arm of government pending when all issues are sorted out. The Senate has also set up a 10-member committee headed by Senate Minority Leader, Senator Abba Moro tasked with engaging with the Attorney […]
Lagos State IRS announces an extension of deadline for annual tax returns
The Lagos State Internal Revenue Service has announced an extension of the deadline for employers to file their annual tax returns. The new deadline will now be from February 1 to February 7, 2024. According to a statement by the Executive Chairman of LIRS, Ayodele Subair, the extension is a result of the recent downtime […]
Federal Government to fully automate Student Loan Scheme and fund with Education Tax
President Bola Tinubu has urged Nigerians to join hands to fix the country and have a change of mindset towards money. According to a statement from his spokesman Ajuri Ngelale, President Tinubu spoke on Monday when he received a delegation of the Christian Association of Nigeria (CAN) led by its president Archbishop Daniel Okoh at […]
President Tinubu calls for global tax system review
President Bola Tinubu, says developing counties need equitable access to capital, as this would provide the much-needed resources for development. The president who was represented by the Minister of Budget and Economic Planning, Abubakar Bagudu, spoke at the 19 th summit of heads of State and Government of the Non-Aligned Movement in Kampala Uganda, where […]
