NewzVille International
Nigeria has launched a new tax regime aimed at expanding the tax base, easing the burden on low-income earners and small businesses, and improving tax collection and administration, officials said.
The new system, based on four tax bills signed into law in June, has come into effect despite calls from the opposition for a delay. Opposition parties alleged that the government made unauthorised changes to the tax code.
President Bola Tinubu backed the reforms, dismissed the opposition’s claims, and said the new tax regime is in Nigeria’s best interest.
He described the move as a significant step toward building a simpler, fairer, and more growth-oriented tax system.
The government says the reforms are intended to modernise Nigeria’s tax framework and support long-term economic growth.
