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Tax Matters

Governors Threatening us Over Tinubu’s Tax Reform Bills – Reps

Governors Threatening us Over Tinubu’s Tax Reform Bills - Reps   The deputy spokesman of the House of Representatives, Mr Philip Agbese, has disclosed that some governors are threatening to deny some federal lawmakers return tickets in the 2027 general election if they did not withdraw...

Dangote named most tax complaint business organizations by FIRS

Dangote named most tax complaint business organizations by FIRS It was a season of award at the weekend for the Dangote Group and its subsidiaries following their recognition as best Nigeria’s best compliant tax payer business organization and FMDQ Gold award winner for being the...

Tax Bills not Threat to Govt Agencies – FIRS

Tax Bills not Threat to Govt Agencies – FIRS Zacch Adedeji, Chairman of the Federal Inland Revenue Service, has dismissed concerns that the four tax bills currently before the National Assembly threaten the existence of any government revenue-generating agency or its operations. This was contained in...

Northern Govs Reject Tinubu’s Planned Tax Hike

Northern Govs Reject Tinubu’s Planned Tax Hike   The 19 state governors in the Northern region have aired their strong displeasure on the recent Tax Reform Bill the Federal Government submitted to the National Assembly for approval. The governors particularly rejected the proposed shift to a Derivation-based...

5% Excise Duty: Telecom Firms Reject Proposed Reintroduction

5% Excise Duty: Telecom Firms Reject Proposed Reintroduction   The Association of Telecommunications Companies of Nigeria, ATCON, has rejected plans by the Federal Government to reintroduce a five percent excise duty on the telecommunications sector, warning that the move could significantly burden the industry. On July 6,...

FG Records Tax Revenue Windfall, Banks’ Tax Rises by 109.6%

FG Records Tax Revenue Windfall, Banks’ Tax Rises by 109.6%   There are indications that the Federal Government is having great times in its finances as its revenue from Value Added Tax (VAT) and Company Income Tax (CIT) rose by 85 per cent year-on-year, YoY, to...