FIRS Suspends Implementation of VAT Guidelines
FIRS Suspends Implementation of VAT Guidelines
The Federal Inland Revenue Service (FIRS) has announced the postponement of the implementation guidelines for the value-added tax simplified...
FIRS Grants Waivers on Tax Penalties, Issues Dec 31 Deadline
FIRS Grants Waivers on Tax Penalties, Issues Dec 31 Deadline
The Federal Inland Revenue Service (FIRS) has offered a complete waiver on penalties and interests...
FCT Tax Reforms Targets N300bn Annual Revenue
FCT Tax Reforms Targets N300bn Annual Revenue
The Federal Capital Territory (FCT) is taking steps towards boosting its revenue streams.
Currently, the FCT’s Internally Generated Revenue...
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 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...
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...
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...
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...
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 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...
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...
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...
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...
‘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...
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...
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...
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...