FIRS creates 35 audit units to Tackle illicit financial flows
FIRS creates 35 audit units to Tackle illicit financial flows
In a bid to stem the tide of illicit financial flows out of Nigeria and...
Agric-Based SMEs To Get 6 Years Tax Holiday
Agric-Based SMEs To Get 6 Years Tax Holiday
West Africa Tax leader and member of PwC Global Board for Leadership Development, Mr Taiwo Oyedele, has...
Fed Govt Removes VAT From Airfares, Aviation Services
Fed Govt Removes VAT From Airfares, Aviation Services
About three years after a similar order, the Federal Government has again suspended the deduction of 7.5...
Fed Govt Records 17.3% Shortfall In Companies’ Income Tax
Fed Govt Records 17.3% Shortfall In Companies’ Income Tax
Against the backdrop of pressures on the Federal Government’s finances and 2020 budget revenue estimates, an...
FIRS Remits N251bn Education Tax In Ten Months – TETFund
FIRS Remits N251bn Education Tax In Ten Months - TETFund
The Federal Inland Revenue Service (FIRS) collected N251 billion education tax in the first 10...
CITN Seeks Holistic Review Of Tax Incentives
CITN Seeks Holistic Review Of Tax Incentives
The Institute of Taxation of Nigeria (CITN) has called for a more holistic review of the country’s tax...
Fed Govt Waives N1.3trn In Import Duty, VAT
Fed Govt Waives N1.3trn In Import Duty, VAT
The Federal Government yesterday, said it has waived import duty and Value Added Tax, VAT, valued at...
House To Probe Dormant VAT Waiver For Airlines
House To Probe Dormant VAT Waiver For Airlines
The House of Representatives is to probe the non-implementation of waiver of the payment of Value Added...
Company Income Tax Revenue Hits N416.01bn In Q3 – NBS
Company Income Tax Revenue Hits N416.01bn In Q3 - NBS
Revenue from Company Income Tax rose slightly to N416.01bn as of the end of the...
Senate Seeks Zero Duty On Aircraft Importation, Spare Parts
Senate Seeks Zero Duty On Aircraft Importation, Spare Parts
The Senate at plenary on Tuesday called on the Federal Government to fully implement the Executive...
Income Tax Revenue Lags Behind Fed Govt Projections
Income Tax Revenue Lags Behind Fed Govt Projections
Amidst various pressures on the Federal Government’s finances and 2020 budget’s revenue estimates, an indication has emerged...
Fed Govt May Reduce Minimum Tax Rate Next Year
Fed Govt May Reduce Minimum Tax Rate Next Year
The draft Finance Bill 2020 contains a proposal for the reduction of the minimum tax rate...
Fed Govt Considers Another Tax Exemption For Small Businesses
Fed Govt Considers Another Tax Exemption For Small Businesses
The exemption of small businesses from the payment of tertiary education tax has been proposed in...
Nigeria Generated N424bn VAT In Q3, 2020 – NBS
Nigeria Generated N424bn VAT In Q3, 2020 – NBS
The National Bureau of Statistics on Monday said N424.71bn was generated as VAT in the third...
FG Considers Tax Holiday For Maritime Sector
FG Considers Tax Holiday For Maritime Sector
The Federal Ministry of Transportation is seeking a package of tax incentives to stimulate investment and boost activities...
FIRS Launches Online Portal On Income Tax
FIRS Launches Online Portal On Income Tax
The Federal Inland Revenue Service (FIRS) has launched the Automatic Exchange of Information-Common Reporting Standard (AEOI-CRS) system for...
IOC Taxes Dip By N16.46bn Amid Production Cuts
IOC Taxes Dip By N16.46bn Amid Production Cuts
The tax revenue accruing to the Federal Government from Production Sharing Contracts with international oil companies operating...
Customs Wants Tax Waivers Removed On Coca-Cola, Others
Customs Wants Tax Waivers Removed On Coca-Cola, Others
The Nigerian Customs Service (NCS) has called for the removal of tax waivers granted to companies producing...
Lagos Begins Tax , Regulation For Ride-Sharing Firms Aug 27
Lagos Begins Tax , Regulation For Ride-Sharing Firms Aug 27
Ride-sharing companies like Uber Technologies Inc. and Bolt that operate in Nigeria’s commercial capital of...
Taxes Contributed N500bn To Revenue In June – FIRS
Taxes Contributed N500bn To Revenue In June – FIRS
The Federal Inland Revenue Service (FIRS) has said tax revenues contributed at least N500bn to the...