Lagos State Governor, Babajide Sanwo-Olu

LIRS Shuts 34 Companies Over N356.12m Unremitted Taxes

LIRS Shuts 34 Companies Over N356.12m Unremitted Taxes   The Lagos State Internal Revenue Service (LIRS) has closed down 34 corporate organisations for failing to remit...
TAX

Tax Exemptions, Waivers to Cost FG N12.4trn in Four Years

Tax Exemptions, Waivers to Cost FG N12.4trn in Four Years   A whopping N12.384 trillion will be forgone by the Federal Government as tax waivers, concessions...
Telecommunication

FG to Implement Telecoms Tax to Boost Revenue

FG to Implement Telecoms Tax to Boost Revenue   The Federal Government is set to implement excise duty on telecommunication services to boost its revenue base. It...
Internally Generated Revenue

IGR: Taxes, MDA’s Revenue Rakes in N1.93tn for States in 2022 – NBS

IGR: Taxes, MDA's Revenue Rakes in N1.93tn for States in 2022 - NBS The National Bureau of Statistics report shows that the total Internally Generated...
Mohammed Shehu, RMAFC Chairman

Only 40m Out of 200m Nigerians Pay Tax – RMAFC

Only 40m Out of 200m Nigerians Pay Tax – RMAFC   Chairman, Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Mohammed Bello Shehu, has revealed that only...

NEITI Knocks NNPCL Over Failed 2.8tn Tax Payment

NEITI Knocks NNPCL Over Failed 2.8tn Tax Payment The Nigerian National Petroleum Company Limited did not pay approximately N2.8 trillion in taxes to the Federal...
TAX

FG to Cut 83% in Taxes, Levies 

FG to Cut 83% in Taxes, Levies  The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele, has said Nigeria...
TAX

Tax Revenue Hits N3.48trn in H1’23 – Report

Tax Revenue Hits N3.48trn in H1’23 - Report Revenue from Value Added Tax (VAT) and Company Income Tax, CIT, grew Year-on-Year (YoY) by 17 percent...
TAX

Consumers, Companies’ Taxes Increase by 96% to N2.3trn

Consumers, Companies’ Taxes Increase by 96% to N2.3trn   Government revenue got a boost as taxes from companies and consumers rose by 96.11 per cent to...
TAX

In Six Months, Product Taxes Rise To N1.36trn – NBS

In Six Months, Product Taxes Rise To N1.36trn – NBS   Taxes on products in the country rose to N1.36tn in the first six months of...
President Bola Ahmed Tinubu

Appraising Tinubu’s Move to Reform Nigeria’s Tax System By Zekeri Idakwo

Appraising Tinubu's Move to Reform Nigeria's Tax System By Zekeri Idakwo During the week, President Bola Ahmed Tinubu inaugurated a 40-man Committee on Fiscal and Revenue...

FG to Stop Customs, 62 other MDAs from Collecting Revenues

FG to Stop Customs, 62 other MDAs from Collecting Revenues The Presidential Committee on Tax Policy and Fiscal Reforms says the Nigeria Customs Service and...
TAX

‘Nigeria Loses N20trn To Tax Underpayment’

'Nigeria Loses N20trn To Tax Underpayment'   Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has said tax gap in...
President Bola Ahmed Tinubu

Tinubu Chases 18% Tax-GDP Ratio, Vows to Cut Borrowing

Tinubu Chases 18% Tax-GDP Ratio, Vows to Cut Borrowing President Bola Ahmed Tinubu has expressed his commitment to break the vicious cycle of overreliance on...
TAX

FG Begins Harmonisation of Taxes, Inaugurates Committee Today

FG Begins Harmonisation of Taxes, Inaugurates Committee Today The federal and state governments have commenced harmonisation and codification of taxes at the national and sub-national...

Agents Predict 15% Rise in Car Import Over Tax Removal

Agents Predict 15% Rise in Car Import Over Tax Removal Licensed Customs agents have said that the removal of the import adjustment tax by President...
Former Executive Chairman of FIRS, Muhammad Nami

Mechanics, Traders Decry Multiple Taxation, Pay N167bn

Mechanics, Traders Decry Multiple Taxation, Pay N167bn   Nigerians engaged in wholesale and retail trade and repair of motor vehicles and motorcycles paid a total tax...
TAX

Fed Govt Targets N12bn From New Vehicle Tax

Fed Govt Targets N12bn From New Vehicle Tax   The Federal Government is set to make about N12bn a year from the N1,000 Proof of Ownership...
Value Added Tax

Report Reveals Real Estate Sector Paid N70bn VAT In Five Years

Report Reveals Real Estate Sector Paid N70bn VAT In Five Years   Value Added Tax (VAT) generated from the construction and real estate sector rose by...
Former Executive Chairman of FIRS, Muhammad Nami

FIRS To End Multiple Taxation, Collect VAT

FIRS To End Multiple Taxation, Collect VAT The Federal Inland Revenue Service says it has commenced an initiative to end multiple taxation and collect Value...
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