By Kabir Abdulsalam Over the last few years, concerns have been raised by stakeholders that the existing international tax system does not properly capture or take into consideration the digitalization of business transactions. Undoubtedly, the world economies are quickly moving from physical...

FIRS To Tax Profits From Bonds, Securities The Federal Inland Revenue Service (FIRS) has announced that it would tax profits accruing from investments in bonds and short-term government securities by companies which would now be categorised as income tax. This, it said, followed the expiration of...

FIRS Deploys Technology For Tax Collection From Digital Economy   2022: Our Target Is To Achieve 100% Automation Of Tax Administration Processes – FIRS We will give priority to taxation of digital economy … The Federal Inland Revenue Service (FIRS) has stated that it will achieve 100% automation...

N10/litre Tax On Soft Drinks: Nigeria’ll Lose Investments - MAN   The Manufacturers Association of Nigeria said on Thursday that the introduction of excise duty of N10 per litre on all non-alcoholic, carbonated and sweetened beverages will make Nigeria lose investments to other countries. The Minister of...

Nigerians To Pay VAT For Digital Services, Says Finance minister   Nigerians may have to pay more for digital services as the Federal Government has introduced a policy requiring foreign companies that provide digital services in the country to collect and remit Value Added Tax to...

Reps Probe Uber, Bolt, Others Over Tax Returns   The House of Representatives has resolved to investigate the car hire service providers like Uber, Bolt and other technology-based transport companies in Nigeria. The House is to set up an ad hoc committee to “investigate the level of...