2020 Budget: 85% VAT Going To States, LGAs – Fashola
2020 Budget: 85% VAT Going To States, LGAs – Fashola
The Minister of Works and Housing, Babatunde Fashola, has said that 85 per cent of...
President Buhari Exempts Firms With N25m Turnover From VAT
President Buhari Exempts Firms With N25m Turnover From VAT
Firms making a turnover of N25 million and below will be exempted from payment of the...
30,000 Firms In Kaduna Fail To Pay Taxes
30,000 Firms In Kaduna Fail To Pay Taxes
THE chairman, Kaduna State Internal Revenue Services, Zaid Abubakar, has said more than 30,000 companies in the...
VAT Collection Still At 0.2%, FG Says
VAT Collection Still At 0.2%, FG Says
Mrs. Zainab S. Ahmed has said the collection of the value added tax (VAT) is still at a...
Tenure: FIRS Boss, Fowler To Know Fate On October 11
Tenure: FIRS Boss, Fowler To Know Fate On October 11
The Federal High Court sitting in Kano has today heard the Originating Summons of a...
FIRS Targets 45m Taxpayers By December, Says Fowler
FIRS Targets 45m Taxpayers By December, Says Fowler
Federal Inland Revenue Service has said that about 45 million Nigerians will be captured as taxpayers before...
Telecom Operators Criticize Proposed Communications Service Tax
Telecom Operators Criticize Proposed Communications Service Tax
Telecommunications operators have condemned the proposed nine per cent communications service tax the 9th National Assembly plans to...
Expert Calls For Simplified Tax System
Expert Calls For Simplified Tax System
The federal and state governments have been advised to address grey arears in the nation’s tax policies in order...
FG Denies Dangote, 14 Others Tax Relief
FG Denies Dangote, 14 Others Tax Relief
The Nigerian Investment Promotion Commission has rejected the application of 15 companies seeking pioneer status under the Industrial...
Investors Seek Tax Removal On Investments To Promote Savings
Investors Seek Tax Removal On Investments To Promote Savings
The prevailing high tax regime in the country has come under fresh criticism, as investors have...
VAT Increase To Generate Extra N479.7bn Revenues
VAT Increase To Generate Extra N479.7bn Revenues
The proposed 7.2 per cent Value Added Tax (VAT) proposal by the Federal Executive Council (FEC) is expected...
VAT Hike Will Kill Businesses, Shrink GDP, Experts Say
VAT Hike Will Kill Businesses, Shrink GDP, Experts Say
Experts and groups such as the Nigeria Employers’ Consultative Association have said the recent increase in...
23,141 Tax Defaulters Owe N254bn, Says FIRS
23,141 Tax Defaulters Owe N254bn, Says FIRS
The Federal Inland Revenue Service says a total of 23,141 defaulters owe N254bn in tax liabilities.
The service also...
FG Plans Bill To Address Multiple Taxes, Disparity
FG Plans Bill To Address Multiple Taxes, Disparity
The Technical Committee of the National Tax Policy Implementation Committee will soon present a bill to the...
Nigeria Earned N35trn From Tax In 8 Years, Says FIRS
Nigeria Earned N35trn From Tax In 8 Years, Says FIRS
Within an eight-year period covering 2011 and 2018, the country earned a total of N35.56tn...
FIRS Strategies Will Improve Tax Revenue – CITN
FIRS Strategies Will Improve Tax Revenue - CITN
The Chartered Institute of Taxation of Nigeria has expressed confidence that the current strategies and initiatives of...
FIRS Places VAT On Online Transactions From January 2020
FIRS Places VAT On Online Transactions From January 2020
Chairman of the Federal Inland Revenue Service, Babatunde Fowler, on Monday said that Nigerian banks would...
VAT Generates N312bn In 3 Months
VAT Generates N312bn In 3 Months
The Federal Government generated N311.94bn between April and June; statistics provided by the National Bureau of Statistics have shown.
In...
IRS Targets N80bn Revenue In FCT
IRS Targets N80bn Revenue In FCT
The Federal Capital Territory’s (FCT) Inland Revenue Service (IRS) is working hard to rake in not less than N80bn...
FIRS Lists Obasanjo Farms, Others Among 1901 Tax Defaulters
FIRS Lists Obasanjo Farms, Others Among 1901 Tax Defaulters
The Federal Inland Revenue Service (FIRS) has published names of businesses that have failed to comply...
