{"id":2133,"date":"2026-09-26T06:32:49","date_gmt":"2026-09-26T06:32:49","guid":{"rendered":"https:\/\/kufmtv.net\/?p=2133"},"modified":"2026-09-26T06:32:50","modified_gmt":"2026-09-26T06:32:50","slug":"tax-defaulters-to-pay-market-linked-interest-rates-under-new-fg-order","status":"publish","type":"post","link":"https:\/\/kufmtv.net\/index.php\/2026\/09\/26\/tax-defaulters-to-pay-market-linked-interest-rates-under-new-fg-order\/","title":{"rendered":"TAX DEFAULTERS TO PAY MARKET-LINKED INTEREST RATES UNDER NEW FG ORDER"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

taxpayers who fail to meet payment deadlines will pay interest linked to prevailing market rates from October 1, under a new order issued by the Federal Government.<\/p>\n\n\n\n

Finance Minister Taiwo Oyedele said naira tax liabilities will attract interest at the CBN’s Monetary Policy Rate plus one percentage point, down from the previous five-point margin.<\/p>\n\n\n\n

Foreign currency tax liabilities will attract interest at the Secured Overnight Financing Rate plus six percentage points.<\/p>\n\n\n\n

The Nigeria Revenue Service has been directed to publish applicable rates monthly, with interest calculated daily from the date tax becomes due.<\/p>\n\n\n\n

The ministry clarified that the order does not remove the existing 10% penalty for late payment, meaning defaulters may face both charges.<\/p>\n\n\n\n

The new rates apply from October 1, including on taxes that became due before that date, superseding a 2017 notice on unpaid tax interest.<\/p>\n","protected":false},"excerpt":{"rendered":"

taxpayers who fail to meet payment deadlines will pay interest linked to prevailing market rates from October 1, under a […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"h5ap_radio_sources":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2133","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"rttpg_featured_image_url":null,"rttpg_author":{"display_name":"kufmtv","author_link":"https:\/\/kufmtv.net\/index.php\/author\/kufmtv\/"},"rttpg_comment":0,"rttpg_category":"News<\/a>","rttpg_excerpt":"taxpayers who fail to meet payment deadlines will pay interest linked to prevailing market rates from October 1, under a […]","_links":{"self":[{"href":"https:\/\/kufmtv.net\/index.php\/wp-json\/wp\/v2\/posts\/2133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kufmtv.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kufmtv.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kufmtv.net\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/kufmtv.net\/index.php\/wp-json\/wp\/v2\/comments?post=2133"}],"version-history":[{"count":1,"href":"https:\/\/kufmtv.net\/index.php\/wp-json\/wp\/v2\/posts\/2133\/revisions"}],"predecessor-version":[{"id":2135,"href":"https:\/\/kufmtv.net\/index.php\/wp-json\/wp\/v2\/posts\/2133\/revisions\/2135"}],"wp:attachment":[{"href":"https:\/\/kufmtv.net\/index.php\/wp-json\/wp\/v2\/media?parent=2133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kufmtv.net\/index.php\/wp-json\/wp\/v2\/categories?post=2133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kufmtv.net\/index.php\/wp-json\/wp\/v2\/tags?post=2133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}