NRS Clarifies Double Taxation Relief THE Nigeria Revenue Service (NRS) has assured taxpayers that the new tax law contains measures to prevent double taxation on foreign-sourced income. According to a Frequently Asked Questions (FAQ) report issued by the agency, Sections 120 to 123 of the Nigeria Tax Administration Act 2025 provide for […]
POLICY & INDUSTRY IMPACT ANGLE MAN Seeks Structured Redress for Manufacturers THE Manufacturers Association of Nigeria (MAN) has announced plans to formalise a working agreement with the Nigeria Revenue Service Ombudsman aimed at resolving tax-related complaints affecting local manufacturers. The initiative is designed to provide manufacturers with an institutional channel for addressing disputes arising from […]
Nigeria Tax Act Did Not Introduce VAT on Bank Transfers — NRS THE Nigeria Revenue Service (NRS) has issued a formal clarification following public concern over reports that Value-Added Tax (VAT) is now being imposed on bank transfers and electronic transactions. According to the agency, such claims are false and misrepresent existing tax policy. Old […]