Tax updates across Africa, simplified
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
To enhance revenue collection and financial transparency, the Nigerian government has launched the Treasury Management and Revenue Assurance System (TMRAS). This platform replaces the existing Remita system for managing payments, …
Nigeria Launches TMRAS to Boost Tax Compliance & Revenue Collection Read More
The Federal Capital Territory Internal Revenue Service (FCT-IRS) in Abuja, Nigeria, has announced plans to set up tax service kiosks across major markets and plazas within the city and its …
Abuja in Nigeria to Get Tax Service Kiosks in Markets and Plazas Read More
Nigeria: Chambers of Commerce Warns Against Taxation of Free Trade Zones. The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has raised concerns over the federal government’s …
Nigeria: Chambers of Commerce Warns Against Taxation of Free Trade Zones Read More