It’s not new – FIRS clarifies 4% development levy
The Federal Inland Revenue Service (FIRS) has clarified that the widely discussed 4% development levy is not a new charge. According to the agency, the levy has been part of Nigeria’s tax system for years, but many businesses and individuals only recently became aware of it. FIRS stressed that the levy was already established under […]
NEITI Endorses 2024 Tax Reform Bill, Says It’ll Modernize Nigeria’s Tax System
The Nigeria Extractive Industries Transparency Initiative (NEITI) has officially endorsed the 2024 Tax Reform Bill, which is currently being reviewed by the National Assembly. This endorsement is a key milestone in Nigeria’s journey to improve its tax system and fiscal policies. NEITI shared its views in a memorandum signed by its Executive Secretary, Dr. Ogbonnaya […]