Tax defaulters to pay market-linked interest rates under new FG order

NAIRAMETRICS | 24-09-2026 04:30pm |

The Federal Government has issued a new order stating that taxpayers who fail to meet their payment deadlines will pay interest linked to prevailing market rates. This measure will take effect from October 1, 2026. The order aims to ensure timely tax compliance by tying penalties to current market conditions.

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