Soludo Suspends Taxes for Heavy-Duty Loading in Anambra The Governor of Anambra State, Prof. Chukwuma Soludo, has suspended tax payments in the transport sector for heavy-duty loading and offloading vehicles. Soludo also approved slashed weekly payments applicable to tricycles (keke), shuttle buses and other transport operators. The...

"Nigeria’s Corporate Tax Rate, Global Highest"   The Centre for the Promotion of Private Enterprises (CPPE) has called for the review of Nigeria’s tax laws, saying that the corporate tax at about 34 percent represents the highest globally. The firm noted that the current tax regime stifles...

Fed Govt Plans Tax Waiver Suspension For Rural Firms   The Federal Government has proposed suspension of tax relief and rebates being granted to companies established in locations lacking public infrastructure, who are providing electricity, water and other amenities for themselves. In the Finance Bill 2022 under...

FG Rakes In N1.4trn From VAT, CIT In 3 Months – NBS   The National Bureau of Statistics (NBS) has disclosed that the federal government generated N1.435trn from Value Added Tax (VAT) and Company Income Tax (CIT) in the third quarter of 2023. NBS, in reports it...

FG to Commence Informal Sector Taxes as it Frowns at Unfair Global Tax Rules The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has demanded an end to the unfair international tax rules skewed against developing countries. This is just as the federal government...

Report Reveals Nigerians Paid N2trn Indirect Taxes In Nine Months   Amid an economic downturn and rising inflation, the tax burden on Nigerians in the first nine months of 2022 increased by N285.13bn. This is as Nigerians paid N2.01tn in indirect taxes in the period under review,...