The Digest:
On August 21, 2025, President Bola Tinubu introduced a Personal Income Tax Calculator to help Nigerians estimate their tax liabilities under the new tax laws, which will take effect in January 2026. The initiative aims to simplify compliance, ensuring fairness and equity in the tax...
The Digest:
The new Nigerian Tax Act has introduced a 5% surcharge on locally produced fossil fuel products, such as petrol, diesel, and compressed natural gas (CNG). The surcharge aims to boost government revenue while excluding clean and renewable energy products from its scope.
Key...