tax reform bill

  1. FG Imposes 5% Surcharge on Locally Produced Fossil Fuels in New Tax Law

    Nigeria FG Imposes 5% Surcharge on Locally Produced Fossil Fuels in New Tax Law

    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...
  2. New Tax Law: Banks to Report N5m+ Transactions Monthly

    Nigeria New Tax Law: Banks to Report N5m+ Transactions Monthly

    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...
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