As we step into the Ember Period, when the year glows with the intensity of renewed resolve, it is a decisive moment for Nigerian Micro, Small, and Medium Enterprises (MSMEs) to reflect, recalibrate, and project forward. Today's Tuesday Notes series seek to equip business leaders, entrepreneurs, and in-house counsel with actionable intelligence rooted in robust… Continue reading 2026 Economic Outlook for Nigerian MSMEs: Data Driven Insights from PwC, IMF & Local Realities.
Tag: economy
Recent Tax Reforms: The Economic Stabilisation Bill and The Nigeria Revenue Service (Establishment) Bill.
Recent Tax Reforms: The Economic Stabilisation Bill and The Nigeria Revenue Service (Establishment) Bill. The Economic Stabilisation Bill On 23 September 2024, the Federal Executive Council approved the Economic Stabilisation Bill (ESB), with focus on amending tax, fiscal, and establishment laws, required for the enhancement of economic stability and growth. The bill, driven by recommendations… Continue reading Recent Tax Reforms: The Economic Stabilisation Bill and The Nigeria Revenue Service (Establishment) Bill.
THE VALUE ADDED TAX REFORM PROPOSAL.
In February 2020, the erstwhile Minister of Finance, Budget and National Planning issued the Value Added Tax (VAT Modification Order) 2020, which modified the provisions of the First Schedule to the VAT Act adding to, and expanding the list of goods and services specified in its provision whilst extending VAT exemption status to 868 items… Continue reading THE VALUE ADDED TAX REFORM PROPOSAL.