The federal government yesterday reaffirmed its stance that the rollout of the new tax laws would commence on January 1, 2026, insisting there will be no postponement despite recent controversies and calls for its postponement.
From April 1, 2026, the Income Tax Act, 2025 will replace the old law, offering no tax up to Rs 12 lakh under the new regime, stable GST rates, and a focus on customs duty reforms ....
Following the recent public commentary on the legislative process relating to the passage of Tax law, the presidential assent, and publication in the Official Gazette of the Federal Government, the ...
The tax laws, which are expected to come into force from January, have triggered intense public debate ... That is to say the tax law will not be implemented, because you can’t build on nothing,” he added.
“The new tax laws initiated by Mr ... “Contrary to its critics’ baseless assumptions, the new tax law will protect small businesses and ensure that the rich fulfill their obligations to the society.
“These provisions transform tax collectors into quasi-law enforcement agencies, stripping Nigerians of due process protections that the National Assembly deliberately included,” Atiku said.
CISLAC further expressed concern that uncertainty surrounding the authenticity of the tax law, coming at a time when a new tax regime is expected to take effect, could worsen the economic hardship already facing many Nigerians.
Amendments to commodity and license laws for electric vehicles (EV) that extend an exemption of taxes for an additional five years cleared the Legislative Yuan yesterday ... not receiving tax-free status.
The disclosure marks the fifth such payout of the year, signaling a robust commitment to shareholder returns despite a shifting regulatory and tax environment in Brazil... markets but with a modern tax twist.
Tax laws are changing, and timing is everything this year to maximize your gifts ... “There’s very specific advice around this compared to other things" in the tax law.What’s changing for itemizers who make charitable donations?.
Rep Fagge confirmed the alleged alterations, while Rep Galambi demanded suspension of the planned January 2026 implementation of the Tax Laws until the House of Representatives concludes probe.
The lawmaker called for the suspension of the Tax Laws, which are scheduled to take effect on January 1, 2026, until all post-passage changes are identified, removed and properly addressed by the National Assembly.