Businesses Face 10% Penalty For Tax Default From October 1

Businesses with unpaid tax liabilities will face a 10 per cent statutory penalty and daily interest from October 1, 2026, under a new federal government regime linking the cost of tax arrears to prevailing borrowing rates. The framework is contained in the Nigeria Tax Administration (Interest on Late Payment of Tax) Order, 2026, issued by […]

Sign in to like, bookmark, and comment.