Echotitbits – Nigeria News

Tag: revenue collection

  • 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

  • Revenue Service Pushes E-Invoicing as New System Integrators Get Accreditation

    Revenue Service Pushes E-Invoicing as New System Integrators Get Accreditation

    A report from The Punch indicates the National Revenue Service (NRS) has accredited new system integration partners to support automated e-invoicing, a move aimed at improving compliance and reducing leakages.

    The initiative is designed to let businesses connect accounting systems to national tax infrastructure, enabling real-time transaction data and more accurate VAT assessments.

    SMEs are being encouraged to adopt compliant solutions early to avoid penalties once enforcement tightens.

    **Echotitbits take:** E-invoicing can cut fraud and boost transparency, but adoption will be toughest for small businesses. Watch for a grace period, incentives, and clear onboarding support so compliance doesn’t become another cost shock.
    Source : The Punch — https://punchng.com/nrs-boosts-e-invoicing-compliance-with-pillarcraft-accreditation/ 2026-01-08

    Photo Credit: The Punch

  • 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

  • FG Bans Cash Collections at MDAs, Orders POS Rollout

    The Federal Government has directed ministries, departments and agencies to stop accepting physical cash for revenue payments and migrate to approved electronic channels, including POS solutions. The policy is aimed at improving revenue transparency and reducing leakages.

    The directive is expected to reshape how citizens pay for federal services and strengthen the Treasury Single Account-driven collections framework.

    2025-12-08

    Punch

    2025-12-08