Tag: tax administration

  • Tax reform credibility test: lawmakers demand probe into ‘altered’ bills after passage

    Tax reform credibility test: lawmakers demand probe into ‘altered’ bills after passage

    Photo credit: The Punch
    2025-12-22 09:00:00

    Reporting by *The Punch* indicates Nigeria’s ongoing tax reform drive has hit a credibility storm, with fresh claims that versions of tax bills circulating publicly may differ from what lawmakers passed.

    The dispute is fueling calls for a formal probe to confirm the authentic text, track the legislative handling from committee to final transmission, and determine whether any post-passage changes occurred.

    Stakeholders argue that even the perception of tampering can undermine compliance, investor confidence, and the legitimacy of any reforms meant to widen the tax net and strengthen revenues.

    Pressure is also mounting for certified copies to be made publicly available—so citizens, businesses, and tax professionals can compare what was debated, what was passed, and what was ultimately forwarded for assent.

    Vanguard’s coverage of the controversy described growing calls for lawmakers to “probe” the alleged changes, while *The Guardian (Nigeria)* also framed the episode as a trust issue around “tax reform” that could complicate implementation if not clarified quickly.

    **Echotitbits take:** In tax policy, process legitimacy is policy legitimacy. If government wants compliance, it must publish final gazetted versions fast, show redlines where possible, and make legislative documentation audit-proof—otherwise reform becomes litigation and politics, not revenue.

    Source: The Punch — December 22, 2025 (https://punchng.com/alleged-alterations-in-tax-laws-spark-calls-for-probe/)

  • FIRS Abuja office fire contained as agency begins investigation

    FIRS Abuja office fire contained as agency begins investigation

    Photo Credit: The Punch
    2025-12-21 00:05:00

    According to The Punch, a fire incident affected one of the Federal Inland Revenue Service (FIRS) offices in Wuse, Abuja, with officials saying there were no fatalities and the blaze was contained.

    FIRS said security personnel on duty responded quickly, supported by the FCT Fire Service and other emergency responders, preventing the flames from spreading to other parts of the building.

    The agency added that while some offices on the impacted floor were damaged, work to review safety protocols is underway as investigators determine what caused the outbreak.

    TheCable also reported the fire was contained and quoted FIRS’ statement that “no life was lost in the incident.” In a separate update, Punch quoted the agency saying preliminary findings point to “a possible electrical fault” as the likely cause.

    Echotitbits take:
    Even without casualties, any disruption at a key revenue agency invites scrutiny. Watch for an official incident report, confirmation of what infrastructure or records were affected, and any new safety measures rolled out across other FIRS locations.

    Source: The Punch — December 21, 2025 (https://punchng.com/firs-probes-abuja-office-fire/)
    The Punch 2025-12-21

  • 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/

  • JTB Begins Transition to New Tax Laws for 2026

    JTB Begins Transition to New Tax Laws for 2026

    The Joint Tax Board has begun aligning systems and guidelines with new tax laws taking effect in 2026, including rules for cashless transactions and digital payments. The JTB will support state tax authorities in the transition.

    PUNCH, 11 Dec 2025

  • JTB Begins Transition to New Tax Laws for 2026

    The Joint Tax Board has begun aligning systems and guidelines with new tax laws taking effect in 2026, including rules for cashless transactions and digital payments. The JTB will support state tax authorities in the transition.

    PUNCH

    11 Dec 2025