Finance Minister Unveils Presumptive Tax Rules for MSMEs

Finance Minister Unveils Presumptive Tax Rules for MSMEs

The Federal Government has issued new presumptive tax regulations designed to simplify compliance for millions of micro, small, and medium enterprises (MSMEs). Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced the framework on Wednesday, framing it as a “structured pathway” for informal businesses to enter the formal economy. The rules replace…

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FG Bans Roadblocks for Tax Collection Nationwide

  The Federal Government has prohibited the use of roadblocks for tax collection across Nigeria as part of a sweeping reform of informal sector taxation, introducing presumptive tax regulations designed to bring millions of small businesses into the tax net while exempting the poorest enterprises. The Joint Revenue Board, in collaboration with the Federal Ministry…

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Nigeria to Sell State Assets to Private Investors in 2026, Says Finance Minister

  Nigeria’s federal government is preparing to sell select state-owned assets to private investors starting in 2026, according to Wale Edun, the Minister of Finance and Coordinating Minister of the Economy. Speaking during the AlUla Conference for Emerging Market Economies in Saudi Arabia on Monday, Edun confirmed that discussions are ongoing regarding which public assets…

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