FG Cuts Interest Rate for Late Payment of Tax from October 1

The Federal Government has issued the Nigeria Tax Administration (Interest on Late Payment of Tax) Order, 2026, effective October 1, 2026. The order sets the applicable interest rate for delayed tax payments and applies uniformly across federal, state, and FCT tax authorities. The interest charges on unpaid taxes are tied to borrowing costs. Additionally, the Nigeria Revenue Service unveiled a new tagline to inspire taxpayer confidence.

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