Tag: Oyedele

New tax laws: FG pauses implementation guidelines amid uncertainty over final text

Aminu Imam
FG suspends tax laws

The Federal Government has suspended the issuance of implementation guidelines for Nigeria’s newly enacted tax laws following uncertainty over the final approved version of the legislation. The Chairman of the Presidential Tax Reform Committee, Taiwo Oyedele, disclosed this during the ‘2026 Economic Outlook’ event organised by the Institute of Chartered Accountants of Nigeria, (ICAN), in Lagos. According to him, the Nigeria Revenue Service (NRS) and the Joint Revenue Board (JRB) have been directed to halt all implementation processes until clarity is achieved on the authentic version of the laws. Oyedele…

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FG confirms January 2026 tax reforms

Aminu Imam
Oyedele on tax

…Dismisses TIN–bank account freeze fears The Federal Government has confirmed that major tax reforms will take effect from January 1, 2026, while moving to calm public concerns over claims that bank accounts will be frozen or automatically debited if not linked to a Tax Identification Number, (TIN). Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, addressed the concerns in a post, titled: “FACT NOT FEAR” on his official X handle yesterday, dismissing what he described as widespread misinformation surrounding the policy. Oyedele clarified that the requirement…

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Tax reforms: “Govt.’ll not deduct from bank accounts”, Oyedele assures

Aminu Imam
Oyedele on tax reforms

Amid rising public anxiety over the ongoing tax reforms, the Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, on Friday, dismissed fears that the government plans to deduct money directly from bank accounts, insisting that such claims are ‘false, dangerous and capable of destabilising the economy’. Speaking during a media workshop on the new consolidated tax law, Oyedele said the warnings trending on social media were based on ignorance and deliberate misinformation. ‘Let me say this clearly: nobody – not FIRS, not CBN, not any government…

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‘Tax reforms to take effect in July’ – Oyedele

Aminu Imam
Oyedele on tax reform2

The Federal Government is expected to kick-off its tax reforms aimed at simplifying Nigeria’s tax system in July, according to Head of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele.  The tax chief stated that legislation is to be passed this quarter, with further preparations for implementation to follow in the coming months. Oyedele said: “I need to talk about the tax reforms. Part of the expectation is we expect the tax reforms to be approved, particularly the tax reform Bills in 2025.  “Our expectation is before the…

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Tax reforms Bills: “Govs. limited knowledge responsible for criticism” – Oyedele 

Aminu Imam
Oyedele on tax reform

Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, yesterday advised critics of President Bola Tinubu’s Tax Reform Bills to study the documents for informed opinions. Recall that Tinubu on October 3 last year transmitted his four tax reform Bills to the 10th National Assembly for approval. They consist of: the Nigeria Tax Bill 2024, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill. Since he unveiled the Bills, Tinubu has come under intense criticism, particularly from…

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