MFM Rivers tax seminar educates residents on Nigeria’s new tax law, compliance duties and business implications under the 2026 reforms

Mountain of Fire and Miracles Ministries organised a public seminar in Rivers State to educate residents on Nigeria’s new tax law and its implications for individuals and businesses.

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The seminar, hosted by the Rivers State Mega Region of Mountain of Fire and Miracles Ministries as part of its Corporate Social Responsibility drive, brought together tax experts and relevant government agencies involved in implementing the reforms.

Speaking at the event, the Mega Senior Regional Overseer of Mountain of Fire and Miracles Ministries, Olawole Dahunsi, said the initiative reflected the church’s commitment to lawfulness and community development.

Olawole Dahunsi said the ministry consistently teaches members to obey the law while serving as positive change agents within society, stressing that understanding tax obligations was critical in the current economic climate.

The MFM Rivers tax seminar featured detailed presentations on the structure of the new tax law, compliance requirements, company income tax, capital markets, and the practical effects of the reforms on businesses and individuals.

A tax consultant, Kola Bamiwuye, urged participants to prioritise registration for a Tax Identification Number, noting that compliance applied to both earned and unearned income.

Kola Bamiwuye added that companies must also comply with pension registration requirements to remain fully compliant.

Also speaking, the Lead Consultant of Clarylife Global, Simeon Taiwo, highlighted the expanded scope of the 2026 tax reforms, particularly for digital earners.

Simeon Taiwo explained that foreign salaries, online freelance income and proceeds from digital assets are now covered under the new framework.

Officials of the Rivers State Internal Revenue Service and business registration experts also addressed participants on Pay-As-You-Earn obligations, tax exemptions, and the importance of maintaining active registration with the Corporate Affairs Commission.

The seminar concluded with an interactive question-and-answer session, allowing attendees to seek clarity on personal and business tax obligations.

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Organisers said the programme forms part of ongoing efforts by Mountain of Fire and Miracles Ministries to empower residents with practical knowledge for economic independence and legal compliance.