FG Suspends Telecoms Tariff Hike, Excise Duty President Muhammadu Buhari has approved the suspension of the proposed excise duty on telecommunications indefinitely and constituted a committee to look into the matter. The suspended scheme could have seen an added tax to the tariff for telecom network subscribers...

Fed Govt Generates N1.09trn From Indirect Taxes   The Federal Government received N1.09tn from indirect taxes in the first two quarters of 2022, according to data from the National Bureau of Statistics. This represents a 10.29 per cent increase from N984.33bn obtained in the first two quarters...

FIRS Demands N1trn Tax Remittance From MDAs   The Federal Inland Revenue Service (FIRS) has written ministries, departments and agencies (MDAs) to refund over N1 trillion in taxes they have failed to remit. A source at the FIRS told The Nation that MDAs are expected to collect...

FG To Implement Telecoms, Beverage Taxes Next Year   The Federal Government through the Budget Office of the Federation has revealed that it will begin the implementation of its proposed excise duties on telecommunication services and beverages in 2023. This is despite backlashes from the Minister of...

MAN Urges FG to Remove VAT on AGO The Manufacturers Association of Nigeria (MAN) has urged the federal government to remove the 7.5 per cent Value Added Tax (VAT) on Automotive Gas Oil (AGO) also known as diesel, until the international supply system is normalized. The...

EFCC, NASS, MDAs Fail To Remit Taxes - Oyedele The Fiscal Policy Partner and Africa Tax Leader at PwC, Taiwo Oyedele, has revealed that Ministries, Departments and Agencies (MDAs) of government do not remit withholding tax to government. Oyedele disclosed this at the Nairametrics Economic Outlook webinar,...