Nigeria tax reform

FG Introduces 50% Tax Relief, To Raise Wages, Support Low-Income Workers

Oct 26, 2024. by Praise Ben

The Federal Government has proposed a 50% tax relief for companies that increase salaries or provide transportation allowances to low-income employees, as part of a comprehensive tax reform bill aiming to simplify Nigeria’s tax laws. The draft law, titled “A Bill for an Act to Repeal Certain Acts on Taxation and Consolidate the Legal Frameworks … Read more

No Tax Increases Planned – FIRS

Oct 16, 2024. by Ekohot Editor

Zacch Adedeji, the Executive Chairman of the Federal Inland Revenue Service (FIRS), has refuted claims that the federal government intends to impose new taxes or increase existing tax rates for Nigerians. During a session with the Senate Committee on Finance, chaired by Senator Mohammed Sani Musa, Adedeji clarified that the tax reform bills submitted to … Read more