Tax updates across Africa, simplified
Nigeria Enforces 10% Withholding Tax on Short-Term Investment Interest. The Federal Inland Revenue Service (FIRS) has directed banks, stockbrokers, and financial institutions to begin deducting a 10% withholding tax (WHT) …
Nigeria Enforces 10% Withholding Tax on Short-Term Investment Interest Read More
Nigeria’s Capital Gains Tax Reform. Recently, investors have expressed growing frustration after a recent virtual engagement with Taiwo Oyedele, Chairman of Nigeria’s Presidential Committee on Fiscal Policy and Tax Reforms. …
Nigeria’s Capital Gains Tax Reform Sparks Concern Among Foreign Investors Read More
Nigeria is set to triple the Capital Gains Tax (CGT) on profits earned by foreign investors trading in local equities — from 10% to 30%, effective January 2026. The new …
Nigeria to Raise Capital Gains Tax on Foreign Equity Investors to 30% by 2026 Read More
The Federal Inland Revenue Service (FIRS) has issued a stern directive to banks, discount houses, stockbrokers, bond issuers, market makers, and government agencies, mandating strict compliance with withholding tax rules …
Nigeria: Banks and Agencies to Enforce Withholding Tax on Short-Term Securities Read More
Nigeria Crosses Mid-Year Tax Milestone. Nigeria has recorded a remarkable leap in tax revenue collection for the first half of 2025, exceeding half of its annual target despite challenges in …
Nigeria Crosses Mid-Year Tax Milestone, Hits Over ₦14 Trillion in Revenue Read More
Nigeria Moves to Strengthen Tax Compliance Through Strategic Agency Synergy. In a renewed effort to enhance Nigeria’s tax system, the Federal Inland Revenue Service (FIRS) and the Office of the …
Nigeria Moves to Strengthen Tax Compliance Through Strategic Agency Synergy Read More
Ghana Implements New Fuel Levies to Boost Energy Revenue Amid Austerity Push. Ghana’s tax authorities have officially commenced the implementation of increased levies on petroleum products, as part of broader …
Ghana Implements New Fuel Levies to Boost Energy Revenue Amid Austerity Push Read More
Nigeria: FIRS Set to Evolve Under New Tax Laws. The International Monetary Fund (IMF) has reaffirmed its commitment to supporting Nigeria’s tax reform journey through the Federal Inland Revenue Service …
Nigeria: FIRS Set to Evolve Under New Tax Laws with IMF’s Continued Partnership Read More
Nigeria: IMF Endorses New Tax Law. Following the signing into law of the Nigerian Tax Law last week, the International Monetary Fund (IMF) expressed support for Nigeria’s sweeping tax reforms, …
Nigeria: IMF Endorses New Tax Law, Flags Delay in Revenue Impact Read More
Ghana Implements New Tax Measures. Earlier this week, the Ghana Revenue Authority (GRA) commenced the implementation of several new tax policies, signalling potential price increases across various goods and services. …
Ghana Implements New Tax Measures as GRA Targets Informal Sector, Excise Duties Read More