The Nigeria Tax Act 2025 introduces the Economic Development Tax Incentive (EDTI) to replace the Pioneer Status Incentive. This article examines how mergers and acquisitions interact with the EDTI framework, analyzing which structure (merger or acquisition)...
DEEMED APPROVAL OF ECONOMIC DEVELOPMENT TAX INCENTIVE – ANY RESCUE BY THE BUSINESS FACILITATION ACT?
Nigeria’s new Economic Development Tax Incentive (EDTI) under the Nigeria Tax Act 2025 promises a modernized approach to investment-driven tax reliefs. Yet, a gap in approval timelines threatens to slow its impact. This article explores whether the Business...
The Nigeria Tax Administration Act (2025) and the Nigeria Tax Act (2025) introduce the terms small business and small company—but do they mean the same thing? While “small business” applies mainly to VAT exemptions and “small company” to income tax relief,...
Nigeria’s new Tax Administration Act (2025) consolidates tax powers under the Nigeria Revenue Service, creating uncertainty over State Governments’ authority to administer stamp duties. While historically shared between Federal and State tax authorities,...
Section 80 of the Nigeria Tax Administration Act, 2025 (NTAA) imposes a mandatory duty on the Accountant-General of the Federation (AGF) to recover unremitted tax revenues from Ministries, Departments, and Agencies (MDAs) of the Federal Government. The...
The Local Government Revenue Committee (LGRC), represents continuity in Nigeria’s local tax governance. The LGRC is designed to enhance grassroots revenue mobilization. It institutionalizes a decentralized framework for tax assessment, collection, and...
The Nigeria Tax Bill introduces a revamped incentive framework aimed at fostering economic development through tax reliefs. From exemptions on select income sources to a new Economic Development Tax Incentive (EDTI) scheme targeting priority sectors,...
The Nigeria Tax Bill introduces a Minimum Effective Tax, aligning with global tax standards to curb profit shifting and base erosion. Applicable to companies with an effective tax rate below 15%, this tax impacts large corporations and MNEs with turnover...
Explore the transformative impact of Nigeria\'s Tax Bills on VAT administration. From empowering small businesses to including digital goods in the tax net and introducing a tiered VAT structure, these reforms aim to modernize the system. Can the shift...
Could the creation of the Tax Ombud under the Joint Revenue Board Bill, 2024, be a game-changer for tax dispute resolution in Nigeria? While the Ombud promises fairness and accountability, limitations on its authority raise concerns. Is this a meaningful...
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