Tuesday, May 17, 2022
House of Representatives

Reps Summon Adebayo Over MTN’s Alleged N2.6trn Tax Evasion

Reps Summon Adebayo Over MTN’s Alleged N2.6trn Tax Evasion   The House of Representatives’ Committee on Public Accounts has vowed to ensure accountability on the capital...

NIPC: 33 Companies Get Tax Waiver On N543.9bn Investment

NIPC: 33 Companies Get Tax Waiver On N543.9bn Investment The Nigeria Investment Promotion Commission has waved 33 companies tax income for a particular period. This...
The Nigerian Senate

Senate To NUPRC: Stop IOCs Evading Tax From Lifting Crude Oil

Senate To NUPRC: Stop IOCs Evading Tax From Lifting Crude Oil   The Senate Committee on Finance has asked the Nigerian Upstream Petroleum Regulatory Commission (NUPRC)...
Nigerian Investment Promotion Commission

Fed Govt Bars 10 Firms, Grants Three-year Tax Relief To 33 Companies

Fed Govt Bars 10 Firms, Grants Three-year Tax Relief To 33 Companies   The Federal Government approved the application of 33 companies seeking pioneer status under...

How we can Boost Revenue without Raising New Taxes – Buhari

How we can Boost Revenue without Raising New Taxes - Buhari President Muhammadu Buhari on Tuesday in Abuja expressed his administration’s commitment to an efficient...
President Muhammadu Buhari Giving The 2022 Budget Speech

Buhari: “Much is Needed In The area of Tax Mobilisation”

Buhari: "Much is Needed In The area of Tax Mobilisation" President Muhammadu Buhari has described Nigeria’s current tax system as fragmented and inefficient. He calls...

Kogi’s Clampdown May Affect 11 States- Telcos Warn

Kogi’s Clampdown May Affect 11 States- Telcos Warn The Kogi State Internal Revenue Service agency has shut down a number of critical telecommunications sites in...

  FIRS Offers Concession To Foreign Currency Tax Debtors

FIRS offers concession to foreign currency tax debtors With effect from 1st of March to 31st March, 2022, taxpayers with pending foreign currency tax liabilities...

Senate Proposes Pollution Tax For Illegal Oil Refiners

Senate Proposes Pollution Tax For Illegal Oil Refiners The Senate has called on the Federal Government to sanction security agencies found culpable of vandalising pipeline...
LIRS Chairman, Hamzat Ayodele Subair

LIRS Targets N550bn For Transformation

LIRS Targets N550bn For Transformation   Lagos State Internal Revenue Service (LIRS) is targeting N550 billion revenue to assist the government to transform the state. Director, Personal...

FIRS Digital Taxation: Redefining Revenue Collection in Nigeria

By Kabir Abdulsalam Over the last few years, concerns have been raised by stakeholders that the existing international tax system does not...
FIRS Executive Chairman, Muhammad Nami

FIRS To Tax Profits From Bonds, Securities

FIRS To Tax Profits From Bonds, Securities The Federal Inland Revenue Service (FIRS) has announced that it would tax profits accruing from investments in bonds...
FIRS Executive Chairman, Muhammad Nami

FIRS Deploys Technology For Tax Collection From Digital Economy

FIRS Deploys Technology For Tax Collection From Digital Economy   2022: Our Target Is To Achieve 100% Automation Of Tax Administration Processes – FIRS We will give...
TAX

N10/litre Tax On Soft Drinks: Nigeria’ll Lose Investments – MAN

N10/litre Tax On Soft Drinks: Nigeria’ll Lose Investments - MAN   The Manufacturers Association of Nigeria said on Thursday that the introduction of excise duty of...
Zainab Ahmed, Minister of Finance

Nigerians To Pay VAT For Digital Services, Says Finance minister

Nigerians To Pay VAT For Digital Services, Says Finance minister   Nigerians may have to pay more for digital services as the Federal Government has introduced...
House of Representatives

Reps Probe Uber, Bolt, Others Over Tax Returns

Reps Probe Uber, Bolt, Others Over Tax Returns   The House of Representatives has resolved to investigate the car hire service providers like Uber, Bolt and...
House of Representatives

Reps Invite Adebayo, Malami, FIRS As Controversy Emerges Over Tax Holidays

Reps Invite Adebayo, Malami, FIRS As Controversy Emerges Over Tax Holidays   The House of Representatives Committee on Public Accounts has invited the Ministry of Industry,...
FIRS Building

FIRS To Capture MDAs Revenue, Waivers As Taxes

FIRS To Capture MDAs Revenue, Waivers As Taxes     The Federal Inland Revenue Service (FIRS) has disclosed that henceforth government revenue, tax waivers, import duty waivers...
TAX

Tax: Lagos, Rivers, Others Make N2.33trn From PAYE In Three Years

Tax: Lagos, Rivers, Others Make N2.33trn From PAYE In Three Years     The 36 states in Nigeria and the Federal Capital Territory earned N2.33tn from Pay...
FIRS Building

FIRS To Go After Tax Evaders In Aviation, Maritime Sectors

FIRS To Go After Tax Evaders In Aviation, Maritime Sectors     The Federal Inland Revenue Service (FIRS) has said it will soon commence a back-end tax...