Tax updates across Africa, simplified
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
Nigeria Banks Resume International Transactions on Naira Cards. In a move that reflects growing confidence in Nigeria’s foreign exchange reforms and broader fiscal environment, Nigerian banks have resumed international transactions …
Nigeria Banks Resume International Transactions on Naira Cards Amid Renewed FX Stability 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
Nigeria Signs Double Taxation. Late last week, Nigeria and Rwanda took a bold step toward strengthening fiscal cooperation by signing an agreement on the Avoidance of Double Taxation and Prevention …
Nigeria Signs Double Taxation Treaty with Rwanda Read More
Earlier today, Thursday, June 26th, 2025, President Bola Ahmed Tinubu signed into law four transformative tax bills aimed at modernizing Nigeria’s revenue framework, enhancing ease of doing business, and boosting …
What You Should Know About the Newly Signed Nigerian Tax Laws Read More Nigeria: Tinubu to Sign Four Tax Bills into Law. Nigeria is on the brink of a significant tax reform milestone, as President Bola Ahmed Tinubu is scheduled to sign four …
Nigeria: Tinubu to Sign Four Tax Bills into Law Today, June 26, 2025 Read More Tax System in Nigeria Gets Overhaul as FIRS Launches Uniform SOP. In a major step towards enhancing tax administration in Nigeria, the Federal Inland Revenue Service (FIRS) has officially launched …
Tax System in Nigeria Gets Overhaul as FIRS Launches Uniform SOP for Nationwide Consistency Read More
In a move designed to attract investment and reduce production costs in Nigeria’s oil sector, President Bola Tinubu has signed an executive order that ties tax relief to cost-cutting performance …
Nigeria Introduces Tax Relief Framework to Boost Oil Sector Efficiency Read More