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Tuesday, September 21, 2021

Dangote Cement To Pay N40bn Tax In Q1, 2021

Dangote Cement To Pay N40bn Tax In Q1, 2021       Dangote Cement Plc is expected to pay N40.39 billion in taxation to the nation’s treasury from...
NIPC

NIPC Grants Tax Relief To 17 Firms

NIPC Grants Tax Relief To 17 Firms       The Nigeria Investment Promotion Commission (NIPC) has granted Pioneer Status Incentive (PSI) to 17 companies with a total...

FIRS Grants Dangote Cement N22.32bn Tax Credit

FIRS Grants Dangote Cement N22.32bn Tax Credit       The Federal Inland Revenue Service (FIRS) has issued Dangote Cement Plc, tax credit certificates valued at N22.321 billion. The...
Muhammad Nami

FIRS To Access Computers, PoS Of Taxable Persons, Firms

FIRS To Access Computers, PoS Of Taxable Persons, Firms       The Federal Inland Revenue Service (FIRS) has said it will soon begin to access computers and...
LIRS Chairman, Hamzat Ayodele Subair

LIRS Extends Deadline For Individual Annual Tax Returns’ Filling

LIRS Extends Deadline For Individual Annual Tax Returns’ Filling       Lagos State Internal Revenue Service has extended the deadline for filing of individual annual tax returns...
Muhammad Nami

Reps Summon FIRS Boss, Query Tax Waiver For P&G

Reps Summon FIRS Boss, Query Tax Waiver For P&G       The House of Representatives’ Committee on Public Accounts has invited the Chairman of Federal Inland Revenue...

Company Income Tax Decline By N120.29bn

Company Income Tax Decline By N120.29bn       Total revenue from Company Income Tax dropped by N120.29bn in the fourth quarter of 2020. The National Bureau of Statistics...
Value Added Tax

Fed Govt Earned N454.69bn From VAT In Q4, 2020

Fed Govt Earned N454.69bn From VAT In Q4, 2020         The Federal Government generated N454.69bn from Value Added Tax in the fourth quarter of 2020. The National...
Muhammad Nami

Nigeria Lost $178bn To Tax Evasion By Multinationals – FIRS

Nigeria Lost $178bn To Tax Evasion By Multinationals - FIRS         The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, yesterday said the country...
Muhammad Nami

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...
Airline

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 Building

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...
Zainab Ahmed, Minister of Finance

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 of Representatives

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...
National Bureau of Statistics

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...
The Nigerian Senate

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...