tax reform

The Digest: The Federal Government confirmed that income earned by commercial sex workers or "runs girls" will be subject to taxation under the new fiscal reforms. Taiwo Oyedele, Chairman of the Presidential Tax Reform Committee, stated that the new laws do not differentiate between income...

The Digest: The Federal Inland Revenue Service (FIRS) has announced a list of essential goods and services now exempted from Value Added Tax (VAT) under President Bola Tinubu's new tax reform laws. FIRS Executive Chairman Zacch Adedeji confirmed the exemption of four major sectors during an...

The Digest: The Nigerian government is significantly expanding its tax net to include remote workers, Nigerians in the diaspora, and social media influencers, as part of its major fiscal policy and tax reforms. Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax...

The Digest: Amid widespread debate and public concern, the Nigerian government's new 5% surcharge on fuel and diesel has become a key topic. This list breaks down the most important aspects of the tax, from its legal history to its intended purpose and the public reaction it has generated...

The Digest: Nigeria’s new tax reform, signed into law by President Bola Tinubu, introduces several key changes, including a broad list of VAT-exempted items. The new legislation, effective as of January 2026, targets a range of essential goods and services, providing tax relief across various...

The Digest: Nigeria is set to implement a sweeping tax reform, effective in 2026, mandating banks to report all customer accounts with monthly transactions exceeding N5 million to tax authorities. This directive marks a significant Fiscal Shift aimed at enhancing transparency, improving...