The Federal Government of Nigeria has officially began the implementation of the 2024 Withholding Tax Regulations, a move that marks a significant step toward modernizing the country’s tax system. Approved by President Bola Tinubu in July 2024 and published in the Official Gazette in October, the new regulations became effective on January 1, … Read more
The Leader of the Senate, Senator Opeyemi Bamidele on Thursday clarified that the Senate of the National Assembly did not suspend or withdraw any consideration or deliberation on the Tax Reform Bills, 2024. Bamidele warned against the pervasive misrepresentation of the intent of the Senate on the tax reform proposals, noting that the “Senate cannot … Read more
The House of Representatives was thrown into a rowdy session on Tuesday following a comment made by the House Spokesperson and Chairman Commitee on Media and Publicity, Rep. Akin Rotimi on the controversial tax bills. Trouble started started when Rep. Rotimi stood up to present a report on Nigerians Content Development and Monitoring, on behalf … Read more
The leader of the Labour Party and the 2023 Presidential Candidate, Peter Obi has called for transparency in the proposed tax reform of the federal Government. Obi, writing on X handle on Monday, said that carrying out tax reform is not bad but must be done carrying the populace along and should not be done … Read more