Akinyele Oluwale & Co. - Expert Accounting Solutions

2026 Outlook: Tax Reform Update and Trading Investment Plan Communication

Dear Valued Clients and Esteemed Investors,

We extend our sincere appreciation to you for your continued trust, cooperation, and partnership with Akinyele Oluwale & Co. Your confidence and commitment remain fundamental to our ability to serve you effectively across our tax advisory and trading investment plan engagements.

Tax Reform Update
We commend our clients for their consistent fulfillment of tax obligations and their contribution to Nigeria’s socio-economic development during the last fiscal year. Your compliance—whether as corporate entities or individual taxpayers—plays a critical role in national growth, infrastructure development, and public service delivery.

As we transition into 2026, Nigeria’s ongoing Tax Reform agenda is aimed at building a fairer, simpler, and more growth-oriented tax system. Key developments include enhanced tax administration through expanded digital platforms, the transition from FIRS to the Nigeria Revenue Service (NRS), reduced compliance burdens, and improved taxpayer services. Importantly, the reforms prioritize broadening the tax base rather than increasing tax rates, encouraging voluntary compliance, and strengthening transparency and accountability in tax revenue utilization.

Corporate taxpayers continue to benefit from reforms that support ease of doing business, clearer regulatory guidance, and incentives for investment and job creation. Individual taxpayers equally benefit from improved taxpayer identification systems, balanced enforcement mechanisms, and increased taxpayer education and awareness.

We remain fully committed to keeping you informed, compliant, and strategically positioned under the evolving tax landscape.

Trading Investment Plan Update
Reflecting on the 2025 financial year, we sincerely appreciate your patience, trust, and confidence in our investment operations. The year presented significant global and local market challenges that impacted financial markets broadly. These conditions contributed to the delayed and, in some instances, failed payouts experienced during the period.

We wish to clearly reaffirm that these setbacks were driven by market conditions and not by any lack of commitment, integrity, or operational diligence on our part.

Looking ahead to 2026, we remain firmly focused on stabilizing operations and addressing outstanding payout obligations. Strategic measures are already being implemented to mitigate market risks, strengthen performance, and enhance resilience. We are confident that these steps will support improved outcomes in the near term.

We deeply value your partnership and remain committed to transparency, accountability, and sustainable long-term growth.

Thank you for your continued support as we move forward together.

Yours faithfully,
Akinyele Oluwale & Co.

What is Tax and Taxation?

Tax is a compulsory levy imposed by the government on the income of individuals and corporations as revenue for running the activities of government.
Taxation is the process of administering the tax system in the society.

What is my Tax-Payer ID?

Tax-Payer ID is a unique number attributed to a registered individual/corporate body on the etax system. This allows users to manage their tax accounts and pay their taxes.

Can I use both my BVN and NIN to register?

No you can not. You can only use one identification type to register on etax.

How can I pay my taxes using ETAX?

As a registered taxpayer, make instant tax payments and download your receipts immediately using the secure e-payment channels.

What do I do if I forget my taxpayer ID?

Click on the Forgot Taxpayer ID link and provide required information. Your unique Taxpayer ID would be sent to your registered email address and phone number.

Who are CAC accredited agents?

Accredited agents are person(s) or institutions certified by the corporate affairs commission to process and submit pre-incorporation and post-incorporation filings on-behalf of individuals and businesses.

I have forgotten my Password, What can I do?

On the Login prompt, use the forgot password feature, this would send you an electronic mail notification on further steps to take to reset your password or get a new one. Alternatively, you can contact us to reset and give you a temporary password. You are expected to change your password on your dashboard settings immediately after using the default password.

What does CAC-CRP mean?

This stands for the Corporate Affairs Commission - Company Registration Portal.

What can I do with my CAC-CRP Portal Account?

With your CAC-CRP portal account you can submit pre-incorporation and post-incorporation filings with the Corporate Affairs Commission online in real time.

What is the first thing I must do to register a business in Nigeria?

To register a business in Nigeria; you would need to conduct a name search of the business. You can achieve this using your CAC-CRP account

What do I need to submit a successful Name Availability Request?

To submit a name availability request successfully; you would need the following: The name(s) to search; a maximum of two options.

What do I do if My Name Availability request is declined?

You can seek advice from an accredited agent; or make another name search application.

Know Your Brands & Advertising

Certainly! Here are what you expect when you subscribe to "Promote Your Brand" with us:

1) We assists in building recognition, attracting customers, and establishing a loyal customers.
2) We helps articulate what your brand stands for and what it aims to achieve.
3) We helps identify/understand your ideal customers, their needs, preferences, and behaviors.
4) Your brand will be set apart from competitors and communicate this effectively.
5) We helps showcases your products or services, brand story, and contact information.
6) We helps to improve the visibility of your brand on search engines and attract organic traffic.
7) You get feedbacks, responds to inquiries, and engage with customers on social media to build relationships and trust.
8) You get a dashboard from us where you post and track the progress of brand

Benefits of a Columnist

Being a columnist offers a range of advantages that can be both personally and professionally rewarding. Here are some key benefits you expect when you subscribe to "Promote Your Write Ups" with us::

1) We gives you a platform to express your opinions, share insights, and influence public discourse on various topics.
2) We offers you a platform of freedom to explore diverse subjects, allowing for creative expression and exploration of personal interests.
3) We offers you a platform as an experts, enhancing your credibility and authority in their field.
4) We offers you a platform to engage with readers through comments, social media, and letters, fostering a sense of community and dialogue.
5) We give you a platform where reader feedback can provide valuable insights, helping you as a columnist refine your writing and perspectives.
6) Gets connect with other writers, journalists, and professionals, expanding one’s network.
7) Enjoy flexible work hours to balance your writing with other commitments.
8) You can earn a steady income through your writing, whether through freelance opportunities or staff positions.
9) Get a voice to raise awareness about important issues, advocate for change, and contribute to societal discussions, making a positive impact.
10) You get a dashboard from us where you post and track the progress of write ups.

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