Echotitbits – Nigeria News

Tag: multiple taxation

  • States Harmonize Nine Tax Categories to Support National Reform

    States Harmonize Nine Tax Categories to Support National Reform

    In an update published by Premium Times, Jigawa State passed a Harmonised Taxes and Levies Bill to domesticate national tax reform measures, limiting collections to nine approved tax categories and aiming to curb multiple taxation on businesses.

    The move follows similar reforms by other states in late 2025 and is designed to reduce illegal levy enforcement—such as roadblocks—while shifting revenue collection toward transparent, technology-driven systems.

    Officials said the reforms are intended to broaden the tax base rather than raise rates, and to ensure collections flow through digital channels into public accounts.

    The Nation and Daily Trust also reported that federal incentives may support compliance and that the reforms signal a new phase of fiscal governance.

    Echotitbits take: Cutting tax complexity is a big step for SME growth and investment confidence. Expect reform-compliant states to become more attractive for business formalization in 2026.

    Source: The Guardian – https://guardian.ng/news/tax-reforms-lagos-seeks-harmonisation-proposes-9-taxes-levies-across-board/ 2026-01-09

    Photo Credit: The Guardian

  • Kwara passes harmonised taxes bill to curb multiple levies and boost collections

    Kwara passes harmonised taxes bill to curb multiple levies and boost collections

    2025-12-31 09:35:00

    Reporting by The Nation indicates the Kwara State House of Assembly has passed a harmonised taxes and levies bill aimed at streamlining revenue collection and reducing multiple taxation across the state.

    Lawmakers said the legislation is designed to clarify approved charges, cut leakages, and improve compliance for businesses and residents, with next steps focused on transmitting a clean copy for executive assent.

    The move aligns with broader sub‑national efforts to expand internally generated revenue while keeping the tax environment predictable for investors.

    New Telegraph reported the assembly “passes harmonised taxes, levies bill into law,” while Western Post also said lawmakers “pass Harmonised Taxes and Levies Bill into law.”

    Echotitbits take: Harmonisation only works if enforcement is disciplined—no parallel ‘task forces’ or informal collectors. Watch implementation rules, dispute‑resolution mechanisms, and how the state balances revenue goals with SME survival in 2026.

    Source: The Nation — December 31, 2025 (https://thenationonlineng.net/kwara-assembly-passes-harmonised-taxes-levies-bill-into-law/)

    The Nation December 31, 2025

    Photo Credit: The Nation

  • Tinubu says 2026 tax changes will ease burdens for low‑income Nigerians and SMEs

    Tinubu says 2026 tax changes will ease burdens for low‑income Nigerians and SMEs

    Photo Credit: Nigeria News
    2025-12-16

    Speaking through the Federal Inland Revenue Service chairman at an Ibadan roundtable, President Bola Tinubu says new tax laws slated for 2026 will bring relief for households and small businesses.

    According to the president’s remarks, the reforms are designed to reduce multiple taxation and exempt essential items and sectors such as food, medication, education, agriculture and shared transportation from what he called burdensome taxes.

    The messaging suggests government is trying to build public confidence ahead of implementation, amid concerns about compliance costs and how quickly relief will show up in prices and pay‑packets.

    Beyond the rhetoric, the key test will be the details: which goods and services qualify for exemptions, how VAT and PAYE changes are applied, and whether sub‑national taxes are harmonised to prevent ‘stacked’ levies on SMEs.

    The Nation: “The laws come with good news to the poor, the low-income earners as well as small businesses.”

    THISDAY: “The laws come with good news to the poor, the low-income earners as well as small businesses,” he said, explaining that food and medication would be exempt from burdensome taxes.

    Analysis/Echotitbits take: If the exemptions are cleanly implemented, they could ease cost‑of‑living pressure and improve SME cashflow. Watch for the final implementing rules, VAT treatment of essentials, and how states align their own revenue drives with the federal posture.

    Source: Punch — December 17, 2025 — https://punchng.com/new-tax-law-coming-with-good-news-tinubu-assures-nigerians/