Tax ID To Become Mandatory For Bank Accounts And Major Transactions From 2026
Starting January 1, 2026, Nigerians and non-residents will not be able to open or run bank accounts without a valid Tax Identification Number (Tax ID). The policy comes under the…
Buhari Has Ordered FIRS To Tax Digital Transactions – SGF
Boss Mustapha, the secretary to the government of the federation (SGF) has disclosed President Muhammadu Buhari has ordered the deployment of technology to tax digital transactions carried out in Nigeria.…
FG Introduces 50% Tax Relief to Boost Salaries for Low-Income Workers
The Federal Government has unveiled plans for a significant tax relief aimed at companies that enhance salaries or provide transportation allowances to low-income employees. This initiative, outlined in a recent…
Nigeria Now Has 41 Million Taxpayers, But Revenue Generation Still Low – FIRS
Muhammad Nami, chairman of The Federal Inland Revenue Service (FIRS) has revealed Nigeria now has 41 million taxpayers. Nami, who made this known on Friday, at the public presentation and…
JUST IN: Reps Approve Tax Reform Bills
The House of representative have unanimously passed a tax bill. The Reps approved four tax reform bills, and is currently awaiting the approval of the president of Nigeria, Bola Ahmed…
Carpenters, Taxi Drivers Should Be Made To Pay Tax — APC Rep
A member representing Boluwaduro/Ifedayo/Ila federal constituency of Osun state, Fakeye Olufemi, has called for owners of small and medium-sized businesses, including taxi drivers and carpenters to be made to pay…
Nigerians to Pay 7.5% VAT on Facebook Ads from January 1, 2022
Facebook has announced that from January 1, Nigerians will be required to pay 7.5 percent value-added tax (VAT) on all ad placements. This is applicable to both those buying ads…
Zoom to Charge 7.5% VAT on Nigerians
Zoom Video Communications Inc. on Monday December 13 via a statement, announced that it will start charging 7.5 percent value-added tax (VAT) on customers in Nigeria come January 1, 2022.…
Suspected Military Personnel Abduct, Murder Benue Tax Officialĺ
A suspected military personnel who is yet to be identified allegedly abducted and murdered a tax collector and Senior Inspector of Taxes with the Benue State Internal Revenue Service, BIRS,…
“If You Don’t Pay Tithe You Are A Criminal” – Pastor Ibiyeomie
Pastor David Ibiyeomie of Salvation Ministry has stated that those who do not pay their tithes, (10 percent of all their incomes) to church are criminals and it is a…
