Buhari Blames Politicians, Oil Firms For Tax losses Over The Years
Buhari Blames Politicians, Oil Firms For Tax losses Over The Years
President Muhammadu Buhari has blamed politicians and oil companies for conspiring to deny Nigeria...
FG To Introduce Tax Incentives On Investment In Capital Market
FG To Introduce Tax Incentives On Investment In Capital Market
The Federal Government on Thursday said it would introduce tax incentives on investments in capital...
All Tax Processes Are Now Automated – FIRS Boss
All Tax Processes Are Now Automated – FIRS Boss
The Chairman, Federal Inland Revenue Service, Mr Babatunde Fowler, has said that improvement in revenue collection...
FIRS Generated N4trn In 9 Months — Fowler
FIRS Generated N4trn In 9 Months — Fowler
The Federal Inland Revenue Service on Thursday said it collected the sum of N4.01tn in the first...
Experts Oppose IMF’s Call For Tax Hike
Experts Oppose IMF’s Call For Tax Hike
Finance experts, Lagos Chamber of Commerce and Industry, a university don, among others, have disagreed with the International...
ABCON Cautions FG Against VAT Hike
ABCON Cautions FG Against VAT Hike
The Association of Bureaux De Change Operators of Nigeria (ABCON) has cautioned against the proposed increase in the Value...
Nigeria Has Lowest Tax Rate Globally, Says Agba
Nigeria Has Lowest Tax Rate Globally, Says Agba
The Minister of State for Budget and National Planning, Prince Clem Agba, has defended the recent increase...
2020 Budget: 85% VAT Going To States, LGAs – Fashola
2020 Budget: 85% VAT Going To States, LGAs – Fashola
The Minister of Works and Housing, Babatunde Fashola, has said that 85 per cent of...
President Buhari Exempts Firms With N25m Turnover From VAT
President Buhari Exempts Firms With N25m Turnover From VAT
Firms making a turnover of N25 million and below will be exempted from payment of the...
30,000 Firms In Kaduna Fail To Pay Taxes
30,000 Firms In Kaduna Fail To Pay Taxes
THE chairman, Kaduna State Internal Revenue Services, Zaid Abubakar, has said more than 30,000 companies in the...
VAT Collection Still At 0.2%, FG Says
VAT Collection Still At 0.2%, FG Says
Mrs. Zainab S. Ahmed has said the collection of the value added tax (VAT) is still at a...
Tenure: FIRS Boss, Fowler To Know Fate On October 11
Tenure: FIRS Boss, Fowler To Know Fate On October 11
The Federal High Court sitting in Kano has today heard the Originating Summons of a...
FIRS Targets 45m Taxpayers By December, Says Fowler
FIRS Targets 45m Taxpayers By December, Says Fowler
Federal Inland Revenue Service has said that about 45 million Nigerians will be captured as taxpayers before...
Telecom Operators Criticize Proposed Communications Service Tax
Telecom Operators Criticize Proposed Communications Service Tax
Telecommunications operators have condemned the proposed nine per cent communications service tax the 9th National Assembly plans to...
Expert Calls For Simplified Tax System
Expert Calls For Simplified Tax System
The federal and state governments have been advised to address grey arears in the nation’s tax policies in order...
FG Denies Dangote, 14 Others Tax Relief
FG Denies Dangote, 14 Others Tax Relief
The Nigerian Investment Promotion Commission has rejected the application of 15 companies seeking pioneer status under the Industrial...
Investors Seek Tax Removal On Investments To Promote Savings
Investors Seek Tax Removal On Investments To Promote Savings
The prevailing high tax regime in the country has come under fresh criticism, as investors have...
VAT Increase To Generate Extra N479.7bn Revenues
VAT Increase To Generate Extra N479.7bn Revenues
The proposed 7.2 per cent Value Added Tax (VAT) proposal by the Federal Executive Council (FEC) is expected...
VAT Hike Will Kill Businesses, Shrink GDP, Experts Say
VAT Hike Will Kill Businesses, Shrink GDP, Experts Say
Experts and groups such as the Nigeria Employers’ Consultative Association have said the recent increase in...
23,141 Tax Defaulters Owe N254bn, Says FIRS
23,141 Tax Defaulters Owe N254bn, Says FIRS
The Federal Inland Revenue Service says a total of 23,141 defaulters owe N254bn in tax liabilities.
The service also...
