Knowledge Hub for Bulletins, Circulars, and Downloadable Resources
This page provides access to professional bulletins, client advisories, regulatory circulars, and downloadable PDF resources issued by Sunmola David & Co. These materials are designed to support Nigerian businesses, executives, and professionals with timely tax, accounting, audit, and regulatory insights.
The Nigeria Revenue Service (Establishment) Act, 2025 provides the legal foundation for the establishment, powers, and governance of the Nigeria Revenue Service as the central authority for federal revenue administration. The Act defines the Service’s mandate to assess, collect, account for, and enforce federal taxes and other government revenues. It strengthens institutional independence, accountability, and professionalism, while introducing modern compliance, enforcement, and dispute-management mechanisms to enhance revenue mobilisation.
Nigeria Tax Administration Act, 2025
The Nigeria Tax Administration Act, 2025 sets out a unified procedural framework for the administration of taxes in Nigeria. It standardises rules on registration, filing, assessment, payment, enforcement, audits, objections, appeals, and tax recovery across applicable taxes. The Act is designed to ensure consistency, transparency, and due process in tax administration, while balancing the powers of tax authorities with the rights and obligations of taxpayers.
The Joint Revenue Board of Nigeria (Establishment) Act, 2025 establishes the Joint Revenue Board as a statutory coordinating body for tax administration across federal, state, and local governments. The Act promotes cooperation, information sharing, and harmonization of tax policies and practices among revenue authorities. Its objective is to reduce multiple taxation, resolve jurisdictional conflicts, and foster a more integrated and efficient national tax system.
Nigeria Tax Act, 2025
The Nigeria Tax Act, 2025 represents a comprehensive consolidation and modernization of Nigeria’s substantive tax laws. It harmonises key provisions on income tax, consumption taxes, and other federal taxes into a clearer and more coherent framework. The Act aims to broaden the tax base, reduce ambiguities, align Nigerian tax practice with global standards, and promote fairness, certainty, and economic efficiency. It also reflects current fiscal realities by simplifying tax rules, rationalising exemptions, and supporting voluntary compliance.
