Tax Matters

Buhari Explains Removal Of VAT From Domestic Air Fares   President Muhammadu Buhari says the recent decision by the Federal Government to remove Value Added Tax...

ANAN Seeks Improved Tax Collection, Integrated Reporting The President of the Association of National Accountants of Nigeria (ANAN), Alhaji Shehu Ladan, has urged newly-inducted fellows...

FG Rejects IMF’s Tax Recommendation   In response to the International Monetary Fund’s recommendation that Nigeria increases its revenue through tax, Finance Minister Zainab Ahmed has...

Experts Urge Nigeria, Others To Tax E-Commerce Appropriately   Tax experts at the on-going IMF/World Bank Group Annual Meetings in Bali urged Nigeria and other countries...

Mining: State Closing Sites Over Tax Disputes   Some state governments have been closing some mining operations over disputed tax obligations, the Minister of State for...

FG Realised N3.9tn Tax Revenue In 9months   The Federal Government realised N3.9tn in tax revenue between January and September this year and this is N1tn...

FIRS, Stakeholders To Tackle Multiple Taxation   One of the major challenges confronting tax authorities in Nigeria, is how best to drag more persons into the...

Leadway Assurance, PricewaterhouseCoopers To Educate Public On FG’s Tax Policy Leadway Assurance is set to organize a one-day seminar in partnership with consulting firm PricewaterhouseCoopers...

Tax: FIRS Gets N13bn From Billionaire Defaulters Less than a month after it commenced its substitution of accounts of recalcitrant billionaires who have not been...

Banks Shut In Ibadan Over Tax Defaulting It was a disturbing incident as financial transactions were paralyzed in many banks in Ibadan, the Oyo state...

FIRS To Go After Billionaire Tax Defaulters The Federal Inland Revenue Service will soon go after the bank accounts of defaulting taxpayers, who are raking...

FIRS To Freeze 6,772 Accounts, Sell Tax Evaders’ Properties The Executive Chairman, Federal Inland Revenue Service, Mr Tunde Fowler, said on Thursday that the government...

FIRS Persists On Expanding Nigeria’s Tax Net The Federal Inland Revenue Service (FIRS), has emphasised the need to widen the country’s tax net in order...

Banks Suspends BDCs' Accounts, Demands Tax Remittance The Association of Bureau De Change Operators of Nigeria has kicked against ongoing banks’ suspension of bureau de...

States Failed To Remit N41bn VAT – FIRS   The Federal Inland Revenue Service has accused state governments of failing to remit Value Added Tax to...

FIRS Agrees To Refund $2m, Other Tax Overpayments In Arco, GE Saga   The Federal Inland Revenue Service (FIRS), has said it will refund the N360million...

9mobile Office Closed In Rivers Over N108m Unpaid Tax   The regional office of 9mobile (formerly Emerging Markets Telecommunication Service) in Rivers State has been shut...

VAIDS: 180 SMEs Get Education On Tax Compliance In a bid to get more people into the tax net through the Federal Government’s Voluntary Asset...

MDAs to Authenticate Tax Clearance Certificates before Payment The Federal Government has mandated all Ministries, Departments and Agencies of government (MDAs) and the Federal Inland...

Businesses To Improve As FG cuts Tax For SMEs   Last week, the Minister of Finance, Mrs Kemi Adeosun, disclosed that the Federal Government is proposing...