Converseer
No Result
View All Result
  • Home
  • Politics
  • Jobs
  • Metro
  • Sports
  • Tech
  • Health
  • News
    • Business
    • Education
    • Entertainment
    • Lifestyle
    • Science & Nature
    • Tourism
  • Trends
PRICING
SUBSCRIBE
  • Home
  • Politics
  • Jobs
  • Metro
  • Sports
  • Tech
  • Health
  • News
    • Business
    • Education
    • Entertainment
    • Lifestyle
    • Science & Nature
    • Tourism
  • Trends
No Result
View All Result
Converseer
No Result
View All Result
  • Home
  • Politics
  • Jobs
  • Metro
  • Sports
  • Tech
  • Health
  • News
  • Trends

Home » Business » Tax Reform: Professional bodies will be our target in 2026 – IRS

Tax Reform: Professional bodies will be our target in 2026 – IRS

November 3, 2025
in Business
Reading Time: 2 mins read
Tax Reform: Professional bodies will be our target in 2026 - IRS

By Obiekezie Uchenna

CALABAR (CONVERSEER) – Mr Edwin Okon, Executive Chairman, Cross River Internal Revenue Service (CRIRS) has disclosed that they would beam their searchlight on professional bodies in 2026 for tax infractions.

Okon disclosed this on Friday in Calabar during a training session organised by IRS for selected key tax paying companies across the state, to enlighten them on the newly introduced 2025 Tax Reform Act.

The training which brought together 50 firms operating in the state to discuss the practical aspects of the revised Pay-As-You-Earn (PAYE) system, had the theme: “Understanding the New PAYE Framework: Implications and Opportunities.”

According to the chairman, private firms must do the right thing at the right time by ensuring that they filed their returns at the end of every year while for individuals it is Jan. 31.

He called on the companies to use the online platform of the service in making their remittances, noting that they were working towards enabling taxpayers to generate their tax clearance from the comfort of their homes.

“By 2026, even in your financial transactions as little as your letterhead if you are sending instructions to a bank or any financial institution, you must state your Tax Identification Number (TIN).

“Some companies may need to redesign their official letterheads to include their tax identification numbers, as it would become a mandatory requirement,” he explained.

He encourage organisations to use IRS’s online platform for remittances, sensitise their staff on the importance of compliance and refuse to give cash to any IRS staff as tax payment.

Delivering a presentation on the Overview of the Nigerian Tax Reform Act 2025, Mr Esien Ukorebi, former IRS Chairman in Cross River outlined the objectives, key provisions, and compliance models of the new tax law.

He explained that the reform will commence in January 2026, adding that 97 to 98 per cent of Nigerian workers would either pay PAYE or experience reduced PAYE obligations by that time.

READ ALSO: Reps Speaker leads House delegation to 8th China International Import Expo

“Tax compliance goes beyond payment; it means fulfilling all obligations as required by law, individuals earning below ₦30,000 per month are exempted from tax but must still register with the tax authorities,” he narrated.

Also speaking, Mr Daniel Anko, a Resource Person, emphasised the importance of possessing a valid Tax Clearance Certificate (TCC), whether as an employer or employee.

He explained that while employees’ incomes are taxed monthly, business owners are assessed at the end of the year, after which they have 90 days to file their returns.

Anko added that CRIRS has made tax payment more convenient through digital channels that allow taxpayers to complete transactions without visiting the tax offices physically.

On her part, Mrs Lilian Ugbong, Technical Adviser to the Chairman of CRIRS, spoke on innovations introduced by the Joint Revenue Board (JRB) in implementing the 2025 Act.

She explained that the Joint Tax Board (JTB) has now evolved into the JRB, with expanded powers and responsibilities aimed at improving tax compliance and harmonising revenue processes across Nigeria.

“The Act has strengthened the JRB’s authority and enhanced its collaboration with the Nigeria Governors’ Forum (NGF) to drive tax reforms and increase revenue generation,” she noted.

Tags: Cross RiverNigeria

RelatedNews

Ogoja Foods: Santuscom Seals N5bn Partnership Deal with UK Firm to Drive Export Expansion
Business

Ogoja Foods: Santuscom Seals N5bn Partnership Deal with UK Firm to Drive Export Expansion

October 5, 2026
FG approves upgrade of Calabar port, others
Business

FG approves upgrade of Calabar port, others

September 27, 2026
Fire razes SPAR Calabar Mall, destroys shops, goods
Business

Each SPAR Calabar Mall fire victim to get ₦25 million from FG

September 5, 2026
HBM Nigeria commissions high-capacity CNG station in Cross River State
Business

HBM Nigeria commissions high-capacity CNG station in Cross River State

September 2, 2026
IPMAN Eastern Zone Backs Obi, Rejects Parallel Leadership in C’River
Business

IPMAN Eastern Zone Backs Obi, Rejects Parallel Leadership in C’River

August 13, 2026
CBN removes affidavit for dormant accounts, tightens banking rules
Business

Nigerian Banks Remain Strong and Secure as Global Cyber Campaign Sweeps Across Sectors and Continents Nigerian

August 5, 2026
Next Post
Akwa Ibom Governor, Deputy, Others, Celebrate Essien Ndueso’s Ecclesiastical Rise

Akwa Ibom Governor, Deputy, Others, Celebrate Essien Ndueso’s Ecclesiastical Rise

Tinubu appoints ex-Reps member as New Federal Character Commission (FCC) chairman

President Tinubu appoints 5 new permanent secretaries

Latest News

C’River Consultative Forum thanks Tinubu, Otu for Ekpo’s appointment

C’River Consultative Forum thanks Tinubu, Otu for Ekpo’s appointment

October 14, 2026
Cross River flags-off electric vehicle repairs training for 1,000 youths

Cross River flags-off electric vehicle repairs training for 1,000 youths

October 14, 2026
INEC Final List: Zana League slams Odok over Akpagu, questions his interpretation of Electoral Act

INEC Final List: Zana League slams Odok over Akpagu, questions his interpretation of Electoral Act

October 14, 2026
Orok Duke urges Nigerians to document local history, sets to present 5 new books

Orok Duke urges Nigerians to document local history, sets to present 5 new books

October 13, 2026
Applications Open for NDDC 2026/2027 Local Postgraduate Scholarship

Applications Open for NDDC 2026/2027 Local Postgraduate Scholarship

October 12, 2026

Topics

  • Latest News
  • Nigeria
  • Africa
  • Europe
  • Asia
  • Americas
  • United States

Social Media

  • WhatsApp
  • Facebook
  • X (Twitter)
  • YouTube
  • LinkedIn

Special Topics

  • Column
  • Bassey Otu
  • Bola Tinubu
  • Special Reports
  • Profile & Biography
  • Opinion
  • Latest News
  • About
  • Advertise
  • Contact
  • Daily Newsletter
  • Privacy Policy
  • Terms Of Use
  • Write For Us

© 2026 Converseer.

No Result
View All Result
  • About
  • Advertise
  • Contact
  • Daily Newsletter
  • Privacy Policy
  • Terms Of Use
  • Write For Us

© 2026 Converseer.