Tax By Nana Musa The Federal Capital Territory Internal Revenue Service (FCT-IRS), has set March 31 deadline for all taxable individuals resident in the FCT to file their annual income tax returns. This is contained in a statement issued by the Head, Corporate Communications, FCT-IRS, Mr Mustapha Sumaila, in Abuja.Continue Reading
By Ikenna Osuoha The House of Representatives has clarified that a probe into the annual losses from tax concessions and waivers was not a witch-hunt, but a move to strengthen incentive administration, protect public funds, and restore confidence in government support programmes. The Chairman of theContinue Reading
By Emmanuel Oloniruha The Abuja School of Social and Political Thought (TAS), an NGO, has advised the Federal Government to view taxation not merely as a revenue generation tool, but as a “social contract” essential for inclusive economic growth and public accountability. The Director of TAS, Dr Samuel Amadi, madeContinue Reading
By Philomina Attah Mr Christopher Maikalangu, the Chairman of Abuja Municipal Area Council (AMAC), has urged residents to report any council official demanding cash or directing payments into private accounts. Maikalangu also warned against impostors posing as revenue officials, announcing a full transition to automated tax collection from Jan. 1,Continue Reading
By Muhyideen Jimoh The Independent Media and Policy Initiative (IMPI) says the Nigeria Tax Act 2025 will enhance foreign investment and empower Small and Medium-sized Enterprises (SMEs). The group disclosed this in a policy statement signed by its Chairman, Dr Omoniyi Akinsiju, on Tuesday. Akinsiju said the law,Continue Reading
By Jacinta Nwachukwu The Institute of Chartered Accountants of Nigeria, (ICAN), has commended President Bola Tinubu for signing into law four tax reform bills on key areas of Nigeria’s fiscal and revenue framework. Malam Haruna Yahaya, the 61st President of the institute gave the commendation at the investiture of SaniContinue Reading
By Kadiri Abdulrahman Nigeria is building a tax administration that will be effective in revenue mobilisation and also responsive to challenges faced by tax payers. The Minister of State for Finance, Dr Doris Uzoka-Anite said this on Tuesday in Abuja, at the TaxADR Roundtable, with the theme “unlocking Revenue andContinue Reading
By Philip Yatai The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, says big men (rich people) residing in Abuja remain FCT’s biggest problem in voluntary tax compliance for development. Wike stated this during the inauguration of the newly constructed Collector Road CN2 (Zakari A. Kyari Street), inContinue Reading
By Philip Yatai The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, says his greatest challenge as minister of the nation’s capital is residents refusing to pay their taxes. Wike stated this after he inspected ongoing projects in the city, in preparation for inauguration to celebrate President BolaContinue Reading
By Lucy Ogalue The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) says the proposed tax reform bill will significantly reduce financial burden and create a growth-enabling environment for small business owners. The Director-General of SMEDAN, Mr Charles Odii, said this at a stakeholder engagement on tax reforms organisedContinue Reading
