FIRS, LASG Sign MoU to Develop Joint Tax Audit System
The Federal Inland Revenue Service and the Lagos State Government have signed a Memorandum of Understanding to create a joint tax audit system to address duplication of measures and enable the exchange of data relevant...
Report Reveals Companies Pay N11.5trn Tax Under Buhari
The Federal Government has raked in N11.5tn from taxes paid by business organisations under the administration of President Muhammadu Buhari.
Data sourced from Company Income Tax reports published by the National Bureau of Statistics between 2015 and 2022...
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...
