Banks to report accounts with N25m quarterly turnover to tax agency - Taiwo Oyedele
[NigerianEye - Nigeria] - 13/12/2025
Taiwo Oyedele, chairman of the presidential fiscal policy and tax reforms committee, says the tax reform laws will mandate commercial banks to report accounts with N25 million quarterly turnover to the tax agency. Speaking on Friday during a media parley on the tax reform laws, Oyedele said the tax reforms increased the reporting threshold from N10 million to N25 million. “What this one has done is that it has raised the threshold for reporting your bank account. I think it was N10 million before, but it is now N25 million, which translates to N100 million,” he said. He said on January 13, (…)
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