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Report Reveals Nigerians Paid N2trn Indirect Taxes In Nine Months

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,...

CITN Gets New Chair, Pushes for Revival of Tax-Paying Culture

CITN Gets New Chair, Pushes for Revival of Tax-Paying Culture The new Chairman of the Chartered Institute of Taxation of Nigeria, Lagos District, Zaynab Abdulkareem, has called for the revival of tax-paying culture in Nigeria. She was sworn in as the 18th district chairman in Lagos...

NECA, Agents Criticise FG’s Multiple Taxes

NECA, Agents Criticise FG's Multiple Taxes Seaport clearing agents and the Nigeria Employers Consultative Association have criticized the Federal Government's rising taxes on businesses, saying the situation will negatively affect the country. Due to the newly introduced taxes on food and beverages by the government, they...

Nigerians Paid N1.23trn Tax To 36 States In 2021

Nigerians Paid N1.23trn Tax To 36 States In 2021   Nigerians across 36 states of the federation paid N1.23tn in taxes in 2021, a 19.19 per cent increase from the N1.03tn paid in 2020. This is according to data from the States’ Internally Generated Revenue report by...

Companies Pay N1.25tn Tax Amid Energy Crises, Forex – NBS

Companies Pay N1.25tn Tax Amid Energy Crises, Forex - NBS The National Bureau of Statistics recent data has revealed that Nigerian firms paid N1.25tn tax to the Federal Government in the first six months of 2022 despite facing acute foreign exchange and energy challenges. According to...

Fed Govt Grows VAT By 20%, Rakes In N1.2trn

Fed Govt Grows VAT By 20%, Rakes In N1.2trn   The Federal Government through the Federal Inland Revenue Service has grown its proceeds of Value of Added Tax by 20 per cent to N1.2tn in the first six months of 2022. According to different reports by the...