Echotitbits – Nigeria News

Tag: revenue administration

  • Cross River Revenue Service Suspends New Assessments as It Tightens Reform Processes

    Cross River Revenue Service Suspends New Assessments as It Tightens Reform Processes

    Reporting by Tribune indicates Cross River’s revenue administration paused new tax assessments while it reviews and tightens processes linked to reform-era enforcement changes.

    The policy logic is consistent with crackdowns aimed at reducing leakages, standardizing assessments, and limiting opaque cash collection practices.

    Short-term disruptions are possible if taxpayers and businesses lack clear guidance on what applies, when, and how disputes will be handled.

    Radio Nigeria also reported the suspension directive as part of process tightening, while GazetteNGR highlighted the state’s push toward reform-aligned, cashless tax practices, noting “end cash tax payments” in its summary.

    Echotitbits take: Watch for published taxpayer guidelines and a credible appeals mechanism—those separate reform from confusion.

    Source: Guardian – https://guardian.ng/news/tax-reform-act-crirs-suspends-tax-assessment-process-for-review/ January 10, 2026

    Guardian 2026-01-10

    Photo Credit: Guardian

  • Kogi signs two revenue bills to align state collections with Nigeria’s new tax reform direction

    Kogi signs two revenue bills to align state collections with Nigeria’s new tax reform direction

    2026-01-02 09:00:00
    Figures cited by Punch show Kogi State has signed into law two revenue-related bills intended to strengthen tax administration and align with the Federal Government’s broader tax reform agenda.

    The measures include a state internal revenue service establishment framework and a harmonised approach to collecting taxes and levies, presented as a way to boost transparency and reduce leakages.

    Officials argue that clearer rules can improve compliance and expand the revenue base beyond a narrow set of collection points, if the rollout avoids harassment and multiple taxation traps.

    Validation: The Guardian reported Kogi “signed into law two key revenue bills” aligned with the federal reform direction. PM News echoed the expected impact, quoting a government statement that the move is “expected to boost state revenue, enhance transparency, and promote economic growth.”

    Echotitbits take: Tax reform succeeds or fails in execution. Watch for whether Kogi digitises collections, curbs informal levies at local levels and sets a credible appeals process—business confidence depends on predictability, not just new laws.

    Source: The Punch — 2026-01-02 (https://punchng.com/kogi-gov-signs-tax-reform-laws/)
    The Punch 2026-01-02

    Photo Credit: The Punch

  • FIRS Taps PwC to Help Businesses Plug Into Mandatory E-Invoicing Regime

    FIRS Taps PwC to Help Businesses Plug Into Mandatory E-Invoicing Regime

    Photo Credit: The Punch
    2025-12-26 06:30:00

    Figures cited by *PUNCH* show Nigeria’s tax authority is accelerating its push into transaction-level digital reporting, with PwC Nigeria accredited to support integration into the Monitoring, Billing and Settlement (MBS) platform that underpins mandatory e-invoicing.

    The move signals a shift from retrospective filings toward near real-time validation, placing new compliance and systems demands on corporates, SMEs, and high-volume retail sectors that issue invoices at scale.

    For businesses, the operational implication is clear: e-invoicing becomes a systems-and-controls project—touching ERPs, point-of-sale, audit trails, and data governance—rather than a “tax department only” problem.

    The policy aim is broader transparency and reduced leakage, but the transition could be bumpy for firms with weak digitisation or inconsistent record-keeping.

    *THISDAY* quoted PwC’s Chijioke Uwaegbute saying, “e-Invoicing embeds tax compliance directly into everyday business activity,” while *BusinessDay* noted the regime “requires invoices to be authenticated at source,” reinforcing that integration is becoming a regulatory necessity, not a technical extra.

    Echotitbits take: Nigeria is moving toward the global direction of continuous transaction controls. The big watch item is execution—clarity of timelines, sandbox testing, cost burden on SMEs, and whether enforcement is paired with support to avoid a compliance shock.

    Source: The Punch — Dec 26, 2025 (https://punchng.com/firs-accredits-pwc-as-system-integrator-for-e-invoicing/)

    Photo credit/source: The Punch
    The Punch 2025-12-26