The Anambra State Government has introduced the Voluntary Assets, Income Declaration and Tax Regularisation Scheme (VAIDS), giving individuals, businesses and organisations a limited window to regularise their tax records without facing the full penalties for non-compliance. The tax amnesty programme, which runs from July 6 to September 5, 2026, is designed to encourage voluntary tax …
As the March 31 deadline for filing Pay As You Earn (PAYE) tax returns approaches, many Nigerians are trying to understand what exactly they need to do. Online conversations show widespread confusion, especially among employees who assume that once their employer deducts tax, their responsibility ends. However, filing a personal income tax return is a …
The Centre for the Promotion of Private Enterprise (CPPE) has raised concerns over renewed calls for a special tax on sugar-sweetened non-alcoholic drinks in Nigeria, warning that such a move could harm the manufacturing sector and worsen economic pressures. CPPE said in a statement issued by its Chief Executive Officer, Muda Yusuf, on Monday, January …
The Federal Inland Revenue Service (FIRS) has clarified that the National Identification Number (NIN) issued by the National Identity Management Commission (NIMC) now automatically serves as the Tax Identification Number (TIN) for individual Nigerians. The announcement was made on Monday as part of a public awareness campaign on the new tax laws, shared by FIRS …
