Tax updates across Africa, simplified
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
Nigeria Faces FX Reserve Threat. A proposed 5% tax on foreign remittances by United States residents has raised concerns in Nigeria, with tax analysts and financial experts warning that the …
Nigeria Faces FX Reserve Threat as Proposed U.S. Remittance Tax Raises Red Flags, May Spur Informal Transfers Read More
Nigeria Tops Shell’s Global Government Payment Chart . Despite a changing energy landscape and ongoing divestments, Nigeria remains Shell PLC’s largest recipient of government payments among all countries where the …
Nigeria Tops Shell’s Global Government Payment Chart with Over $5.3 Billion Remitted Read More
Taxation in Nigerian telecom sector has returned to the spotlight as the 2024 Finance Bill, recently passed by the Senate, proposes a reinstatement of the 5% excise duty on telecommunications …
Taxation in Nigerian Telecom Sector: Mulls Reintroduction of 5% Telecom Tax Read More
Nigeria Postpones Binance $81.5bn Tax Trial to April 30. A Federal High Court in Nigeria has adjourned proceedings in the high-profile tax case against cryptocurrency giant, Binance Holdings Ltd., to …
Nigeria Postpones Binance $81.5bn Tax Trial to April 30, 2025 Read More
Nigeria has officially gazetted and transmitted its ECOWAS Schedule of Tariff Offers to the African Continental Free Trade Area (AfCFTA) Secretariat. This move is a significant marker of Nigeria’s commitment …
Nigeria Gazettes ECOWAS Tariff Schedule, Deepens Commitment to AfCFTA Trade Framework Read More
The Nigeria Customs Service (NCS) has announced a tax exemption for key raw materials used in the production of healthcare products, removing both import duties and Value Added Tax (VAT) …
Nigeria Grants Tax Relief on Healthcare Raw Materials to Lower Costs Read More
The Nigerian House of Representatives has approved four major tax reform bills, marking a significant step toward overhauling the country’s tax administration. The bills successfully passed their third reading on …
House of Reps In Nigeria Approves Tax Reform Bills Read More
Nigeria Moves to Boost Tax Compliance with New e-Invoice System. The Federal Inland Revenue Service (FIRS) has reaffirmed its commitment to increasing Nigeria’s tax-to-Gross Domestic Product (GDP) ratio through enhanced …
Nigeria Moves to Boost Tax Compliance with New e-Invoice System Read More
The Borno State Government has announced a two-year tax waiver for traders who suffered losses due to the devastating floods of September 2024 and the fire outbreak at Maiduguri’s Monday …
Nigeria: Borno State Grants Two-Year Tax Relief to Traders Affected by Floods, Fire Read More