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 FIRS E-Invoicing System is more than just a tax compliance tool—it’s a catalyst for digital transformation in Nigeria. By integrating automation, regulatory technology, and secure financial transactions, this initiative enhances transparency and efficiency...
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...
In October 2024, President Tinubu transmitted four Tax Reform Bills to the National Assembly for consideration namely: the Nigeria Tax Bill 2024, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue...
Introduction:
The 2015 seminal piece, ‘Distrain under PITA: An analysis and evaluation of Principles and Practice’ may be apt in responding to the question. Please see paper here. This piece hopes to re-engage the relevant principles within the context...