Fed Govt To End Multiple Taxation On Roads   The Federal Government on Tuesday said it is working to remove multiple taxation on roads to promote free movement of goods within the country. The government said that multiple taxation on roads was against ECOWAS rules and regulations. The...

MAN Says Carbonated Drink Tax Affected Manufacturers In 2022   The Manufacturers Association of Nigeria (MAN) has said that a major setback that plagued the productive sector in 2022 was the introduction of an excise duty of N10 per litre on all non-alcoholic, carbonated and sweetened...

FG Announces Removal Of 5% Tax On Calls, Data   The Federal Government has announced the removal of its proposed five per cent excise duty on telecommunication services. The government announced that this was in line with the recommendations of a committee, the Presidential Review Committee on...

Companies, Consumers Taxes Hit N5.3tn – NBS The National Statistics Bureau data shows that consumers of goods and services and companies paid N5.34tn as taxes to the government in 2022. This represents a 42.14 per cent increase from the N3.76tn that was raised in 2021. The...

Indirect Taxes Rise By 18.88% To N3trn – NBS   The indirect tax burden on Nigerians rose by 18.88 per cent to N3.03tn in 2022 amid an economic downturn and rising inflation. According to the National Bureau of Statistics, Nigerians paid N3.03tn as indirect tax in 2022,...

Fed Govt To Grant N5.5trn Tax Waivers In 2023   The Federal Government has budgeted N5.51tn for tax expenditures in 2023. This was according to the 2023 fiscal framework document obtained by our correspondent. According to Tax Foundation, tax expenditures are a departure from the “normal” tax code...