- Nigerian Senate passed two tax reform bills: Joint Revenue Board Establishment Bill and Nigeria Tax Bill
- Completion of key legislative effort to overhaul tax framework
- Senate rejected proposal to increase VAT rate from 7.5% to 10%
- Existing VAT rate of 7.5% maintained
Source: ensafrica.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Nigeria"
- Examining VAT Taxation in Nigeria: Landmark Decisions and Implications for Federalism
- Nigeria Announces 2025 Tax Reforms and Duty-Free Import Updates
- Nigeria FIRS becomes a Peppol Authority
- Nigerian News Agency Announces New Regime Allowing VAT Credits on Assets
- Nigeria Introduces USD300 Duty-Free Threshold for Low-Value Imports Starting September 2025
