The federal government has been accused of mismanaging over 60 taxes and levies collected across the country. The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, made these allegations during a Senate plenary session on Wednesday. Oyedele claimed that despite collecting over 60 taxes and levies, the government has little…

Nigeria's economy would be headed for trouble if states are allowed to collect Value Added Tax (VAT), Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele warned on Monday. Recalling previous efforts of some states to challenge the legality of the federal government collecting VAT, Oyedele expressed concerns that allowing states…

Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has clarified that the proposed tax reform bills before the National Assembly were not designed to target or undermine any region. Oyedele made the clarification at an interactive session on the proposed tax reform bills organised by the House of Representatives on…

As uncertainty persists over the fate of the proposed tax reform bills in the National Assembly, the committee is proposing a N50 million tax exemption for small and micro businesses in the country.

The Chairman Presidential Committee on Fiscal and Tax Reforms, Taiwo Oyedele, has said the Federal Government is eyeing a single-digit tax regime to reduce the burden of multiple taxation on Nigerians. Speaking in an interview on Channels Television, Oyedele said a single-digit tax system, which allows less than 10 taxes to be paid by citizens…

Search giant Google, leading chief executive officers (CEOs) and government leaders have pledged commitment towards advancing Nigeria’s digital economy and supporting businesses facing economic headwinds.

Wealthy Nigerians earning ₦100 million and above monthly may soon face a 25 per cent personal income tax rate if a new bill is passed

The Federal Government of Nigeria has exempted 63 items from Value-Added Tax (VAT) as part of its latest fiscal reforms. This development was revealed by Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, in a post on X (formerly Twitter) on Friday. The exemptions are listed in the official "Value…

Importers, shippers, clearing agents and allied professionals have expressed frustration with the Federal Government's handling of import duty exchange rates, citing a lack of leadership and proactive measures to stabilise the rate as a setback for the economy.

With effect from January 2025, small businesses with an annual turnover below N25 million will no longer be liable for withholding tax. This follows the publication of the Deduction of Tax at Source (Withholding) Regulations, 2024, in the official gazette. The publication was announced by the Chairman of the Presidential Fiscal Policy and Tax Reforms…

Barring any adjustment to the proposed tax regime of the Taiwo Oyedele’s committee’s report by the National Assembly, the Federal Government would likely focus more on indirect taxes.

Presidential Fiscal Policy and Tax Reforms Committee said a law that will see Nigerians pay 10% value-added tax is in the pipeline.