Tag: October 1

  • FG Revises Late Tax Interest Charges As New Rates Begin October 1

    FG Revises Late Tax Interest Charges As New Rates Begin October 1

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    by

    Starnews NG
    in

    By Opeyemi Adelakun The Federal Government has announced a new framework for calculating interest on unpaid taxes, reducing the additional charge on naira-denominated liabilities and setting October 1, 2026, as the commencement date. The Federal Ministry of Finance announced the change on Thursday, September 24, following the issuance of the Nigeria Tax Administration (Interest on…