TAXATION

The Senate has announced that it will hold public hearings on February 24 and 25 to further deliberate on the Tax Reform Bills President Bola Ahmed Tinubu forwarded to the National Assembly last October. The four Bills: Nigeria Tax Bill; Nigeria Tax Administration Bill; Nigeria Revenue Service (Establishment) Bill; and the Joint...

Legislators in Lagos State have commended the Lagos State Internal Revenue Service (LIRS) for achieving an unprecedented milestone in revenue generation, surpassing ₦1 trillion. This landmark accomplishment positions LIRS as the first sub-national revenue agency in Nigeria to attain such a feat, reflecting its professionalism, efficiency, and commitment to transparent...

The Senator representing Ondo South Senatorial District has informed the United Nations that proposing a global tax to fund the Sustainable Development Goals (SDGs) is inappropriate and unacceptable, as the international system is anarchic and lacks the authority to comply. He further asserts that there is no comprehensive international system...

The Federal Government of Nigeria (FGN) has commended the House of Representatives for the passage on Wednesday of four tax reform bills for a second reading. The four tax reform bills—the Joint Revenue Board of Nigeria (Establishment) Bill 2024, the Nigeria Revenue Service (Establishment) Bill 2024, the Nigeria Tax Administration...

The Lagos State Internal Revenue Service (LIRS) has reiterated that the provision of FREE West African Examinations Council, WAEC registration for SS3 students in state-funded secondary schools is a vital policy of the Lagos State Government and that free education policy from kindergarten to SS3 is still in operation. This...

The Executive Chairman, Federal Inland Revenue Service, Zacch Adedeji, has stated that it achieved a record-breaking generation of N21.6tn in revenue, surpassing its N19.4 target by 11.34 per cent, in 2024, The chairman who spoke on Thursday during the 2025 strategic management retreat in Abuja with the theme ‘Building a...

Deputy Speaker of the House of Representatives, Benjamin Kalu has said that the four tax reform bills currently before the National Assembly will help drive revenue generation, improve the nation’s revenue profile and support investments both locally and internationally. Kalu who spoke at a meeting on UK -Nigeria Strategic Dialogue...

President Bola Tinubu has expressed his appreciation for the Nigeria Governors’ Forum following their unanimous endorsement of the four Tax Reform Bills currently under consideration by the National Assembly. President Tinubu lauds the governors for their bold leadership and commitment to fostering unity among leaders nationwide, transcending regional, ethnic, and...

The Lagos State Internal Revenue Service (LIRS) has issued a reminder to all employers in Lagos State to fulfill their statutory obligation to file annual tax returns for the 2024 financial year on or before January 31, 2025. This requirement is in line with the Personal Income Tax Act (PITA)...

Islamic clerics have thrown their weight behind the proposed Tax Reform Bills introduced by President Bola Tinubu, stressing that Muslims are instructed by Prophet Muhammad to see tax payment as their obligation. The scholars, who spoke at the sixth edition of the Muhammad Rosulullah International Conference (MRIC 2025) held at...