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Tax
Five tax rules shaping 2026 business filings
Filing season for 2026 will come with more scrutiny and expectations from tax authorities....
tax
Check: Is the withholding tax on fixed-income a new law?
The Federal Inland Revenue Service (FIRS) has issued a directive on the application of Withholding Tax (WHT) to interest earned on short-term investment securities, raising the question of whether this is a new law....
Editor | Nov 19, 2025
Tax Reform
The promise and pitfalls of Nigeria’s new tax identification system
A Tax Identification Number (TIN), now formally referred to as a Tax ID under the Nigeria Tax Administration Act (NTAA) 2025, is the unique identifier issued by the Federal Inland Revenue Service (FIRS) ...
Editor | Nov 17, 2025
Tax Reform
New tax law forces IOCs to keep 30% of decommissioning funds in Nigeria
International Oil Companies (IOCs) can now claim tax deductions on their costly decommissioning and abandonment (D&A) expenses if they deposit a minimum of 30 percent of those funds ...
Editor | Nov 17, 2025
Tax Reform
Taxing smarter, not harder: The economics behind Nigeria’s reform agenda
For decades, Nigeria's fiscal architecture has resembled a colonial relic, ill-suited to the complexities of a modern, aspiring economy. Inherited statutes, largely untouched since before 1960,...
Editor | Nov 13, 2025
Tax Reform
10 questions to ask your HR about the new PAYE rules
President Bola Ahmed Tinubu, on June 26, signed into law four new tax bills. Among the key outcomes is a revised taxation system for Pay As You Earn (PAYE) ...
Editor | Nov 13, 2025
Tax Reform
No new taxes, just fairer rules - Taiwo Oyedele
Nigeria’s ongoing tax reforms are not about introducing new levies or imposing additional burdens on citizens, despite widespread misconceptions....
Editor | Nov 13, 2025
tax
7 ways the new rent relief will cut your annual tax bill
Effective January 1, 2026, Nigeria’s new rent relief provision will allow tenants to reduce their annual tax bills by deducting a portion of their rent from taxable income....
Editor | Nov 12, 2025
tax
How moving from business name to limited liability company exempts you from CIT
Nigeria’s expanding tax net and new digital compliance systems have made understanding tax obligations crucial for entrepreneurs, particularly with the new tax reform acts....
Editor | Nov 12, 2025
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