The newly enacted Nigeria Tax Administration Act, 2025, has empowered the Federal Inland Revenue Service (FIRS), renamed Nigeria Revenue Service (NRS), to impose fines for individuals and ...

The newly signed Tax Administration Act 2025 also vested the NRS with far-reaching powers to enforce tax compliance, recover lost revenues, and play an active role in shaping the country’s ...

For decades, Nigeria’s tax system has been characterised by a compendium of fragmented laws, inconsistent enforcement, and administrative overlaps across federal, state, and local tiers of government.

The Income Tax Act, 2025, consolidates and simplifies India’s tax laws, cutting the number of sections from 819 to 536 and ...

The president's One Big Beautiful Bill will provide an average tax cut of $3,752 per American, according to the Tax ...