Tax updates across Africa, simplified
Nigeria to Grant 50 Tax Exemptions for Low-Income Earners and SMEs from 2026. Nigeria’s Presidential Fiscal Policy and Tax Reforms Committee has announced a landmark tax relief package, unveiling 50 …
Nigeria to Grant 50 Tax Exemptions for Low-Income Earners and SMEs from 2026 Read More
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
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