24.2 C
Abuja
Monday, May 25, 2020

In Nine Months, 13 Banks Pay N136.84bn Tax

In Nine Months, 13 Banks Pay N136.84bn Tax   Thirteen commercial banks listed on the Nigerian Stock Exchange paid N136.84bn in taxes to the Federal Inland...

Firms Earning Below N25m ‘ll Not Pay Companies Tax – Minister

Firms Earning Below N25m 'll Not Pay Companies Tax - Minister   The Finance Bill 2019, when signed into law, will ensure that small businesses with...

FIRS Gives One Month Notice to Ease TCC Issuance

FIRS Gives One Month Notice to Ease TCC Issuance ..announces new TCC regime Executive Chairman Federal Inland Revenue Service(FIRS), Muhammad Nami, has offered a 30- day...

TAX: Kano Seals 3 Zenith Bank Branches Over N423m Debt

TAX: Kano Seals 3 Zenith Bank Branches Over N423m Debt   The Kano State Internal Revenue Services (KIRS) on Monday sealed three branches of Zenith bank...

FIRS Gives 7-day Notice To Tax Defaulters

FIRS Gives 7-day Notice To Tax Defaulters   The Federal Inland Revenue Service has given a seven-day notice to tax defaulters, with a warning that it...

LCCI To FG: Scrap Taxes On Solar Equipment

LCCI To FG: Scrap Taxes On Solar Equipment   The Director-General, Lagos Chambers of Commerce and Industry, Muda Yusuf, has said that the import duty and...

2019 Finance Bill Will Promote Tax Incentives, Fiscal Equity – CITN

2019 Finance Bill Will Promote Tax Incentives, Fiscal Equity - CITN   The Chartered Institute of Taxation of Nigeria (CITN) has thrown its weight behind the...

Outrage As Senate Okays 50% VAT Increment

Outrage As Senate Okays 50% VAT Increment   The bill specifically seeks to hike the Value-Added Tax from five percent to 7.5 percent. The Federal Executive Council...

High Tax Evasion Depleting Ekiti’s IGR, Says Ogunmilade

High Tax Evasion Depleting Ekiti’s IGR, Says Ogunmilade   The Chairman of the Ekiti State Internal Revenue Board, Mr. Olumuyiwa Ogunmilade, has expressed displeasure over the...

Buhari Blames Politicians, Oil Firms For Tax losses Over The Years

Buhari Blames Politicians, Oil Firms For Tax losses Over The Years   President Muhammadu Buhari has blamed politicians and oil companies for conspiring to deny Nigeria...

FG To Introduce Tax Incentives On Investment In Capital Market

FG To Introduce Tax Incentives On Investment In Capital Market   The Federal Government on Thursday said it would introduce tax incentives on investments in capital...

All Tax Processes Are Now Automated – FIRS Boss

All Tax Processes Are Now Automated – FIRS Boss   The Chairman, Federal Inland Revenue Service, Mr Babatunde Fowler, has said that improvement in revenue collection...

FIRS Generated N4trn In 9 Months — Fowler

FIRS Generated N4trn In 9 Months — Fowler   The Federal Inland Revenue Service on Thursday said it collected the sum of N4.01tn in the first...

Experts Oppose IMF’s Call For Tax Hike

Experts Oppose IMF’s Call For Tax Hike   Finance experts, Lagos Chamber of Commerce and Industry, a university don, among others, have disagreed with the International...

ABCON Cautions FG Against VAT Hike

ABCON Cautions FG Against VAT Hike   The Association of Bureaux De Change Operators of Nigeria (ABCON) has cautioned against the proposed increase in the Value...

Nigeria Has Lowest Tax Rate Globally, Says Agba

Nigeria Has Lowest Tax Rate Globally, Says Agba   The Minister of State for Budget and National Planning, Prince Clem Agba, has defended the recent increase...

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...
Live Covid-19
United States 1,686,436
Cases: 1,686,436
Deaths: 99,300
Recovered: 451,702
Active: 1,135,434
Brazil 365,213
Cases: 365,213
Deaths: 22,746
Recovered: 149,911
Active: 192,556
Russia 344,481
Cases: 344,481
Deaths: 3,541
Recovered: 113,299
Active: 227,641
Spain 282,852
Cases: 282,852
Deaths: 28,752
Recovered: 196,958
Active: 57,142
United Kingdom 259,559
Cases: 259,559
Deaths: 36,793
Recovered:
Active: 222,766
Italy 229,858
Cases: 229,858
Deaths: 32,785
Recovered: 140,479
Active: 56,594
France 182,584
Cases: 182,584
Deaths: 28,367
Recovered: 64,617
Active: 89,600
Germany 180,328
Cases: 180,328
Deaths: 8,371
Recovered: 160,300
Active: 11,657
Turkey 156,827
Cases: 156,827
Deaths: 4,340
Recovered: 118,694
Active: 33,793
India 138,917
Cases: 138,917
Deaths: 4,024
Recovered: 57,721
Active: 77,172
Iran 135,701
Cases: 135,701
Deaths: 7,417
Recovered: 105,801
Active: 22,483
Peru 119,959
Cases: 119,959
Deaths: 3,456
Recovered: 49,795
Active: 66,708
Canada 84,699
Cases: 84,699
Deaths: 6,424
Recovered: 43,985
Active: 34,290
China 82,985
Cases: 82,985
Deaths: 4,634
Recovered: 78,268
Active: 83
Saudi Arabia 72,560
Cases: 72,560
Deaths: 390
Recovered: 43,520
Active: 28,650
Chile 69,102
Cases: 69,102
Deaths: 718
Recovered: 28,148
Active: 40,236
Mexico 68,620
Cases: 68,620
Deaths: 7,394
Recovered: 47,424
Active: 13,802
Belgium 57,092
Cases: 57,092
Deaths: 9,280
Recovered: 15,272
Active: 32,540
Pakistan 56,349
Cases: 56,349
Deaths: 1,167
Recovered: 17,482
Active: 37,700
Netherlands 45,236
Cases: 45,236
Deaths: 5,822
Recovered:
Active: 39,414
Qatar 43,714
Cases: 43,714
Deaths: 23
Recovered: 9,170
Active: 34,521
Ecuador 36,756
Cases: 36,756
Deaths: 3,108
Recovered: 3,560
Active: 30,088
Belarus 36,198
Cases: 36,198
Deaths: 199
Recovered: 14,155
Active: 21,844
Bangladesh 33,610
Cases: 33,610
Deaths: 480
Recovered: 6,901
Active: 26,229
Sweden 33,459
Cases: 33,459
Deaths: 3,998
Recovered: 4,971
Active: 24,490
Singapore 31,616
Cases: 31,616
Deaths: 23
Recovered: 14,876
Active: 16,717
Switzerland 30,736
Cases: 30,736
Deaths: 1,906
Recovered: 28,100
Active: 730
Portugal 30,623
Cases: 30,623
Deaths: 1,316
Recovered: 17,549
Active: 11,758
United Arab Emirates 29,485
Cases: 29,485
Deaths: 245
Recovered: 15,056
Active: 14,184
Ireland 24,639
Cases: 24,639
Deaths: 1,608
Recovered: 21,060
Active: 1,971