Tax Matters

Tax Evasion: FIRS launches intelligence system The Federal Inland Revenue Service (FIRS) has launched a national intelligence gathering system to gather data and track all...

Finance Act: Elites to pay more as FIRS Eyes fair tax regime Nigeria stands at the threshold of a new, transparent, accountable and fair...

FIRS Moves to block $10 billion tax leak by multinationals Nigeria is losing about $10 billion of tax through illicit profit shifting by multinational corporations...

New VAT: Stakeholders Demand Exemption, Waivers, Infrastructure   Following the decision of the Federal Government to begin implementation of increased VAT regime of 7.5 per cent,...

TAX: Chinese Firm, WEMPCO, Grounded Over N200m Debt   The placement of a lien on the accounts of a Chinese firm, Western Metal Products Company, popularly...

KADIRS Shut Banks Over N294.85m Taxes   The Kaduna State Internal Revenue Service (KADIRS) on Tuesday sealed off the First City Monument Bank and Keystone Bank...

In Nine Months, 13 Banks Pay N136.84bn Tax   Thirteen commercial banks listed on the Nigerian Stock Exchange paid N136.84bn in taxes to the Federal Inland...

Firms Earning Below N25m 'll Not Pay Companies Tax - Minister   The Finance Bill 2019, when signed into law, will ensure that small businesses with...

FIRS Gives One Month Notice to Ease TCC Issuance ..announces new TCC regime Executive Chairman Federal Inland Revenue Service(FIRS), Muhammad Nami, has offered a 30- day...

TAX: Kano Seals 3 Zenith Bank Branches Over N423m Debt   The Kano State Internal Revenue Services (KIRS) on Monday sealed three branches of Zenith bank...

FIRS Gives 7-day Notice To Tax Defaulters   The Federal Inland Revenue Service has given a seven-day notice to tax defaulters, with a warning that it...

LCCI To FG: Scrap Taxes On Solar Equipment   The Director-General, Lagos Chambers of Commerce and Industry, Muda Yusuf, has said that the import duty and...

2019 Finance Bill Will Promote Tax Incentives, Fiscal Equity - CITN   The Chartered Institute of Taxation of Nigeria (CITN) has thrown its weight behind the...

Outrage As Senate Okays 50% VAT Increment   The bill specifically seeks to hike the Value-Added Tax from five percent to 7.5 percent. The Federal Executive Council...

High Tax Evasion Depleting Ekiti’s IGR, Says Ogunmilade   The Chairman of the Ekiti State Internal Revenue Board, Mr. Olumuyiwa Ogunmilade, has expressed displeasure over the...

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   The Federal Government on Thursday said it would introduce tax incentives on investments in capital...

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   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   Finance experts, Lagos Chamber of Commerce and Industry, a university don, among others, have disagreed with the International...