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Tax Matters

How we can Boost Revenue without Raising New Taxes – Buhari

How we can Boost Revenue without Raising New Taxes - Buhari President Muhammadu Buhari on Tuesday in Abuja expressed his administration’s commitment to an efficient tax administration in order to improve tax revenue in the country. Declaring open the second National Tax Dialogue Week, the President...

Buhari: “Much is Needed In The area of Tax Mobilisation”

Buhari: "Much is Needed In The area of Tax Mobilisation" President Muhammadu Buhari has described Nigeria’s current tax system as fragmented and inefficient. He calls for a harmonised approach within a single system to boost revenue generation. In a statement by the Special Adviser to the...

Kogi’s Clampdown May Affect 11 States- Telcos Warn

Kogi’s Clampdown May Affect 11 States- Telcos Warn The Kogi State Internal Revenue Service agency has shut down a number of critical telecommunications sites in order to force telecom operators to pay more taxes and levies. According to the Association of Licensed Telecommunications Operators of Nigeria,...

  FIRS Offers Concession To Foreign Currency Tax Debtors

FIRS offers concession to foreign currency tax debtors With effect from 1st of March to 31st March, 2022, taxpayers with pending foreign currency tax liabilities will be able to settle these obligations in Naira during the Federal Inland Revenue Service (FIRS) one-month window, Muhammad Nami,...

Senate Proposes Pollution Tax For Illegal Oil Refiners

Senate Proposes Pollution Tax For Illegal Oil Refiners The Senate has called on the Federal Government to sanction security agencies found culpable of vandalising pipeline installations and facilities in the country. This came as it also asked the FG to introduce a pollution tax on those...

LIRS Targets N550bn For Transformation

LIRS Targets N550bn For Transformation   Lagos State Internal Revenue Service (LIRS) is targeting N550 billion revenue to assist the government to transform the state. Director, Personal Income Tax, LIRS, Ayodele Adebayo, who spoke in Lagos yesterday, noted that there was an increasing population coming into the...