Dr. Titilayo Fowokan, a tax expert, has expressed excitement about the recently gazetted withholding tax regulation titled 'The Deduction of Tax at Source (Withholding) Regulations, 2024', stating that it is ...
The National Bureau of Statistics (NBS) has reported a substantial 63% increase in road tax contributions from Nigerians to state governments in 2023, underscoring the growing significance of road taxes ...
A recent report by Oxfam International reveals that at least 99% of Nigeria’s wealthiest individuals evade their tax obligations, exacerbating the country’s revenue gap. The report, titled “Taxing the Rich: ...
The Federal Government of Nigeria has introduced a new tax bill that mandates individuals working in the banking, insurance, and stockbroking sectors to present a Tax Identification Number (TIN) before ...
The Presidential Committee on Fiscal Policy and Tax Reforms has recommended raising the Value Added Tax (VAT) from the current 7.5%. Taiwo Oyedele, the committee's chairman, announced this during an ...
On July 8, 2024, users who are registered in Nigeria will be subject to a 7.5 percent Value Added Tax on cryptocurrency transactions. This was revealed by the well-known cryptocurrency ...
The approval of Kenya’s new tax package has sparked widespread protests nationwide despite President William Ruto's earlier promise to alleviate the cost of living. The decision to double the tax ...
According to Taiwo Oyedele, chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, the committee has proposed increasing the Value-Added Tax (VAT) rate from the current 7.5 percent ...
The federal government has announced plans to establish a single revenue generation platform for tax administration across the nation. This aim is to replace the current multiple taxation system, which ...
Navigating tax season can often feel like a daunting task, with the multitude of documents to gather and complex forms to decipher. However, by implementing a few strategic steps, you ...
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