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Friday, January 19, 2018

Additional N6bn Targeted By FG Through VAIDS

Additional N6bn Targeted By FG Through VAIDS The federal government has estimated that it intends to rake in an additional N6 billion from the implementation...

Survey: US Companies Contributed N34bn To Nigeria’s Tax Revenue

Survey: US Companies Contributed N34bn To Nigeria’s Tax Revenue A recent Economic impact survey of United States companies operating in Nigeria has shown that such...

FG To Target Tax Evaders Come April

FG To Target Tax Evaders Come April The Minister of Finance, Mrs Kemi Adeosun, has disclosed that the Federal Government would aggressively go after tax...

Companies’ Tax Profiles Under Review- FG

Companies’ Tax Profiles Under Review- FG The Minister of Finance, Mrs. Kemi Adeosun, has said the Federal Government is reviewing the tax profiles of companies...

Osinbajo Challenges African Tax Experts On BEPS, Transparency

Vice President Prof. Yemi Osinbajo, said Africa tax administrators need to address issues relating to Base Erosion and Profit Shifting (BEPS) and increase transparency...

No Nigerian can evade tax payment with VAIDS– FIRS boss

The Chairman, Federal Inland Revenue Service (FIRS), Mr Babatunde Fowler says with the introduction of Voluntary Assets and Income Declaration Scheme (VAIDS), no Nigerian...

Welcoming VAIDS Tax Thursday Programme

There is currently a global initiative to tackle the problem of illicit financial flows and tax evasion, which has contributed to the country’s underdevelopment....

FG Generates 55% of VAT from Lagos –Adeosun

The Minister of Finance, Mrs. Kemi Adeosun, has said that 55 per cent of the revenue generated by the Federal Government from Value Added...

FIRS Eyes N1.8trn Revenue from VAT

The Federal Inland Revenue Service (FIRS) is targeting N1.8 trillion Value Added Tax (VAT) collection for the 2017 fiscal year. Its Executive Chairman, Tunde Fowler,...

FG Eyes $1b from New Tax Reform- Adeosun

Finance Minister Mrs Kemi Adeosun has said the Federal Government planned to raise over $1billion from the executive order signed by Acting President Yemi...

Technology Will Enhance Tax Compliance- Adeosun

The Federal Government will deploy and heavily rely on technology to increase tax compliance under the recently launched Voluntary Asset and Income Declaration Scheme...

Osinbajo Issues 9 months grace period to tax evaders

Acting President, Yemi Osinbajo has issued nine months grace period to tax payers to regularise their tax status or face criminal prosecution for tax...

Nigeria hires foreign investigators to trace illicit funds

The Federal Government has hired a leading global investigation agency to trace destinations of illicit funds emanating from Nigeria. The Minister of Finance, Mrs. Kemi...
CBN Governor

Investor, Exporter Forex Window Hits $2.2b

The Central Bank of Nigeria has said that dollar inflows into the economy through the newly introduced Investor and Exporter (I&E) Forex Window have...
Nigeria Customs Service

NCS Records N136bn Revenue from Apapa  

The Nigeria Customs Service (NCS) has recorded about N136.6 billion revenue, with the large haul coming from the Apapa Command which intercepted among other...
NBS National Bureau of Statistics

VAT Revenue Decreases to N204.7bn- NBS

The Government's revenue through Value Added Tax (VAT) had decreased from N207.35 billion in the fourth quarter of 2016 to N204.77 billion in the...

FIRS Generates N778bn in Q1 2017

The Federal Inland Revenue Service (FIRS) has said that it generated N778.19 billion revenue in the first quarter of 2017. This is according to a...

Nigeria’s Tax to GDP Ratio Unacceptably Low – Adeosun

The Minister of Finance, Mrs. Kemi Adeosun, has said that the nation’s tax to Gross Domestic Product ratio, which is currently put at six...
IMF

Adeosun Engages G24 on Tax Revenue, Inclusive Growth

Finance Minister Kemi Adeosun, met with fellow Finance Ministers at a meeting convened by the G24 Group to discuss strategies to drive non-oil revenue...

IMF: Nigeria Spends 66% of Tax Revenues on Debt Servicing

The International Monetary Fund (IMF) says 66 percent of Nigeria’s tax revenues is spent on servicing debts, calling on the country to raise taxes. Speaking...

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