September 20, 2025

Tax

General

FG Explains 5% Fuel Surcharge, Says It’s Not a New Tax – It’s Been Law Since 2007

In a statement that sought to calm frayed nerves across the nation, the Federal Government insisted this week that the much‑talked‑about five‑percent fuel surcharge is not a new levy on Nigerians but a measure already enshrined in law since 2007 under the Federal Roads Maintenance Agency (FERMA) Act. The presidential committee on fiscal policy, led

Read More
General Tax Reform VAT

FG’s 2026 Tax and VAT Reforms to Ease Burden on Low-Income Earners, Boost Transparency

Abuja, Nigeria – June 30, 2025 The Federal Government has officially unveiled sweeping tax and Value Added Tax (VAT) reforms, set to take effect in 2026, aimed at reducing the tax burden on low-income earners, increasing transparency in financial transactions, and restructuring VAT distribution across the three tiers of government. The reforms, announced through the

Read More