Tax Archives - Voice of Liberty NG

Katsina: Fear grips farmers, as notorious bandits leader enforce ‘peace tax’

March 16, 2026March 16, 2026 Aminu Imam

Residents of Doma village in Faskari local government area of Katsina State have reportedly begun paying a controversial ‘peace tax’ to a notorious bandit leader, Isiyaku Kwasha Garwa, in a desperate attempt to avoid further attacks after a deadly confrontation earlier this year claimed 21 lives. Sources based on the community told newsmen that the payment arrangement was reluctantly accepted by villagers following months of violent raids and threats by armed groups operating in the area. Under the deal, residents are required to make periodic payments to Garwa and his…

Tax Shake-Up: FG bans roadside collections

March 5, 2026March 5, 2026 Aminu Imam

…Slams 1% turnover levy for informal sector; Exempts businesses below ₦2m The Federal Government has outlawed roadside tax collections and cash-based enforcement nationwide, unveiling a new presumptive tax regime that imposes a flat 1% turnover levy on eligible informal businesses, as part of sweeping tax reforms. The new regulations, signed in Abuja by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, mark what officials described as the full transition from legislation to implementation under the administration of Bola Ahmed Tinubu. According to Edun, the framework, issued under…

“I won’t file my taxes until Tinubu does” — Lawyer dares FG

February 3, 2026February 3, 2026 Aminu Imam

A human rights lawyer, John Chinedu, has vowed not to file his tax returns by March 31, 2026, unless President Bola Ahmed Tinubu publicly does the same. In a Facebook post yesterday, Chinedu said leaders must first show transparency before demanding compliance from citizens. He wrote: “The era where followers pay taxes while leaders loot public funds is over. If the President wants Nigerians to comply with tax laws, he should lead by example and show proof of his own tax returns”. He accused political leaders of misusing public funds…

‘Every individual must file tax returns by March 31’ – Oyedele

February 1, 2026February 1, 2026 Aminu Imam

Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has urged Nigerians to file their annual tax returns. Oyedele, who made this known during a webinar organised for HR managers, payroll officers, CFOs and tax managers in collaboration with the Joint Revenue Board, stressed that both employers and individuals must comply under the law. In the webinar, which was posted on YouTube on Friday, Oyedele said many Nigerians remain non-compliant in filing self-assessment returns. “In terms of filing returns, you need to file annual returns as…

New Taxes: Bank customers, tenants decry rising charges

January 19, 2026January 19, 2026 Aminu Imam

…Demand clarity, CBN oversight Nigeria’s sweeping tax reforms are beginning to hit everyday life, sparking growing frustration among bank customers, tenants and businesses who say the new charges are poorly explained, inconsistently applied and increasingly burdensome amid rising living costs. Across the banking sector, customers are already feeling the impact of the newly enforced 7.5% Value Added Tax (VAT) on selected electronic banking services, which takes effect from January 19 following a directive by the Nigerian Revenue Service, (NRS). The VAT applies to service charges on mobile and online transfers,…

Reforms: Banks kick-off 10% withholding tax on forex deposits

January 2, 2026January 2, 2026 Aminu Imam

Banks in Nigeria have begun deducting a 10% withholding tax on interest earned from foreign currency (Forex) deposits, effective yesterday, January 1, 2026, in line with the newly enacted Nigeria Tax Act, 2025. Customers were notified of the changes through emails sent by commercial banks, including Access Bank, which said the deductions form part of adjustments to banking transactions under the new tax regime. According to the bank, interest earned on foreign currency deposits will now attract a 10 percent withholding tax, while the Electronic Money Transfer Levy (EMTL) of…

“Sex workers must pay taxes on their earnings from 2026” – FG

October 1, 2025October 1, 2025 Aminu Imam

The Federal Government has reiterated that all income earned in Nigeria is subject to taxation, including money made by sex workers, so-called ‘runs girls’. Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, made the clarification yesterday, during a tax education session held by the Redeemed Christian Church of God, City of David, Lagos. A video of the session has since gone viral online. Oyedele emphasised that while all earnings are taxable, funds sent to dependents or relatives for upkeep are exempt. He described these transfers…

FG removes 5% Telecom tax on voice, data services

September 12, 2025September 12, 2025 Aminu Imam

The Federal Government has revoked the 5% excise tax previously imposed on telecommunications services in Nigeria, a move expected to ease cost pressures for millions of mobile users. The tax, which was intended to apply to both voice calls and data, had drawn widespread criticism from industry players and consumer advocates since its introduction under the Muhammadu Buhari administration. Executive Vice-Chairman of the Nigerian Communications Commission (NCC), Aminu Maida, disclosed that President Tinubu directed the removal of the tax during discussions on the recently passed Finance Act. The development is…

Obi slams FG over new 5% fuel tax

September 5, 2025September 5, 2025 Aminu Imam

…Says Nigerians ‘can’t breathe’ Former presidential candidate of the Labour Party, (LP), Peter Obi, has criticised the Federal Government over its decision to introduce a 5 percent tax on all refined fossil fuel sales, including petrol and diesel, from January 2026. In a post on his official X handle yesterday, Obi described the move as ill-timed and insensitive, questioning why citizens who are already struggling should face additional financial burdens. Obi wrote: “When will Nigerians truly breathe? A timely and relevant question, as a new 5% tax on all refined…

President Tinubu scraps 5% telecoms levy

August 21, 2025August 21, 2025 Aminu Imam

President Bola Tinubu has scrapped the controversial 5% excise duty on telecommunications services, a policy reversal aimed at reducing the financial burden on Nigerians and boosting growth in the country’s digital economy. Executive Vice-Chairman of the Nigerian Communications Commission (NCC), Aminu Maida, announced the decision during a media briefing in Abuja on Tuesday. Maida said, “The 5% excise duty is no longer in effect. Initially, it was only suspended, but the President has now completely removed it. I was present when the issue was raised, and he firmly said: ‘No,…