Tax Matters

FG Rakes In N1.4trn From VAT, CIT In 3 Months – NBS   The National Bureau of Statistics (NBS) has disclosed that the federal government generated...

FG to Commence Informal Sector Taxes as it Frowns at Unfair Global Tax Rules The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed,...

Report Reveals Nigerians Paid N2trn Indirect Taxes In Nine Months   Amid an economic downturn and rising inflation, the tax burden on Nigerians in the first...

CITN Gets New Chair, Pushes for Revival of Tax-Paying Culture The new Chairman of the Chartered Institute of Taxation of Nigeria, Lagos District, Zaynab Abdulkareem,...

NECA, Agents Criticise FG's Multiple Taxes Seaport clearing agents and the Nigeria Employers Consultative Association have criticized the Federal Government's rising taxes on businesses, saying...

Nigerians Paid N1.23trn Tax To 36 States In 2021   Nigerians across 36 states of the federation paid N1.23tn in taxes in 2021, a 19.19 per...

Companies Pay N1.25tn Tax Amid Energy Crises, Forex - NBS The National Bureau of Statistics recent data has revealed that Nigerian firms paid N1.25tn tax...

Fed Govt Grows VAT By 20%, Rakes In N1.2trn   The Federal Government through the Federal Inland Revenue Service has grown its proceeds of Value of...

Fed Govt Generates N127.03bn Tax From Calls, SMS   The Federal Government made N127.03bn from Value Added Tax on calls, SMS, data, and other information and...

FG Suspends Telecoms Tariff Hike, Excise Duty President Muhammadu Buhari has approved the suspension of the proposed excise duty on telecommunications indefinitely and constituted a committee...

Fed Govt Generates N1.09trn From Indirect Taxes   The Federal Government received N1.09tn from indirect taxes in the first two quarters of 2022, according to data...

FIRS Demands N1trn Tax Remittance From MDAs   The Federal Inland Revenue Service (FIRS) has written ministries, departments and agencies (MDAs) to refund over N1 trillion...

FG To Implement Telecoms, Beverage Taxes Next Year   The Federal Government through the Budget Office of the Federation has revealed that it will begin the...

MAN Urges FG to Remove VAT on AGO The Manufacturers Association of Nigeria (MAN) has urged the federal government to remove the 7.5 per cent...

EFCC, NASS, MDAs Fail To Remit Taxes - Oyedele The Fiscal Policy Partner and Africa Tax Leader at PwC, Taiwo Oyedele, has revealed that Ministries,...

VAIDS: FIRS, JTB Commence Enforcement On Defaulters   Following the expiration of the amnesty by the Voluntary Assets and Income Declaration Scheme (VAIDS), the Joint Tax...

NEPZA, FIRS Sign Pact On Tax Administration In Free Trade Zones   The Nigeria Export Processing Zones Authority (NEPZA) has signed a Memorandum of Understanding (MoU)...

Free Trade Zones Contributes N29bn Tax In 2 Years - NEZA   The Nigeria Economic Zones Association (NEZA) has said the special economic zones in the...

Tax -  FIRS To Deduct Govts’ Unpaid VAT, WHT From FAAC Account  The Federal Inland Revenue Service (FIRS) has announced that it will begin deducting...

FG Generates N532bn from Company Income Tax In 3 Months - NBS The National Bureau of Statistics tax report has revealed that the federal...