Tax Act 2025:  Tinubu’s govt responds to Amaechi’s claim of 25% levy on building materials

“No 25% Construction Tax” — FG Debunks Claims, Says New Law Cuts Housing Costs As Land, Buildings, Rent Become VAT-Exempt

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said that land, buildings and rent are now fully exempted from Value Added Tax (VAT) under the Nigeria Tax Act 2025. Oyedele explained that the new law, which has already commenced, was designed to reduce the cost of housing, encourage investment in real estate and provide relief for tenants and small businesses across the country. According to him, land…

VAT Exempted on Land, Buildings and Rent Under New Tax Law — Oyedele

Ghazali Ibrahim The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has confirmed that Value Added Tax (VAT) will no longer apply to land, buildings and rent under the newly enacted Nigeria Tax Act 2025. The law has already taken effect, and the provisions are aimed at making housing more affordable and stimulating growth in the property sector. Oyedele explained that buyers of land or completed buildings wil…

Nigerian Govt Trashes Amaechi’s Claims On 25% Building 𝐓𝐚𝐱

Nigerian Govt Trashes Amaechi’s Claims On 25% Building 𝐓𝐚𝐱 President Bola Tinubu’s Government has clarified unfounded claims by the former Governor of Rivers State, Rotimi Amaechi, that the Nigeria Tax Act 2025 has imposed a 25% tax on funds for building materials and other transactions. In statement titled “𝐂𝐥��𝐫𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 for Amaechi and others: 𝐓𝐡𝐞 𝐍𝐢𝐠𝐞𝐫𝐢𝐚 𝐓𝐚𝐱 𝐀𝐜𝐭 2025 𝐡𝐚𝐬 𝐂𝐨𝐦𝐦𝐞𝐧𝐜𝐞𝐝 𝐚𝐧𝐝 𝐃𝐨𝐞𝐬 𝐍…

StatePress NG: 25% tax on building materials: FG breaks silence

Tax Act 2025:  Tinubu’s Govt Replies to Amaechi’s Claim of 25% Levy on Building Materials

The President Bola Ahmed Tinubu-led Federal Government said there is no 25 per cent levy on building materials, construction funds, or bank balances in the Nigeria Tax Act 2025. The chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, said former Minister of Transportation, Rotimi Amaechi’s allegation is false and misleading. Amaechi, in a viral video, warned that the new tax law would worsen economic condition…

Committee Debunks Viral Claims On New Tax Laws

Advertisements The Presidential Fiscal Policy and Tax Reforms Committee has dismissed as false a viral video alleging that new tax laws will take effect in 2027 and impose a 25 per cent tax on funds earmarked for building materials and other transactions.In a statement issued on Sunday, the committee clarified that the Nigeria Tax Act 2025 has already commenced and contains no provision imposing a 25 per cent tax on construction funds, bank bala…