FG: Tax exemptions, Incentives Fail To Stimulate Remittances, Growth The Minister of Finance, Budget and National Planning, Zainab Ahmed, says despite the Federal Government’s efforts to harness the benefits of tax exemptions and concessions, the incentive has rather led to huge revenue loss to the...

FIRS Seeks Collaboration Among African Countries On Digital Tax   The Federal Inland Revenue Service (FIRS) has reached out to other African countries to collaborate with it to effectively tax digital businesses. Executive Chairman, FIRS, Muhammad Nami, made the call at a Technical Assistance Programme organised by...

Telcos Propose Tax Review To Avert 40% Tariff Hike   Telecommunication companies, under the aegis of the Association of Licensed Telecoms Operators of Nigeria (ALTON) has said the removal of multiple taxes in the telecom industry will reduce some of the operational pressure on the companies. According...

Reps Summon Adebayo Over MTN’s Alleged N2.6trn Tax Evasion   The House of Representatives’ Committee on Public Accounts has vowed to ensure accountability on the capital allowances granted to MTN Nigeria by the Ministry of Industry, Trade, and Investment amounting to N2.6tn. It has, therefore, summoned the...

NIPC: 33 Companies Get Tax Waiver On N543.9bn Investment The Nigeria Investment Promotion Commission has waved 33 companies tax income for a particular period. This is for operating in areas new to the Nigerian economy and investing N543.88billion. The waiver was contained in the first quarter...

Senate To NUPRC: Stop IOCs Evading Tax From Lifting Crude Oil   The Senate Committee on Finance has asked the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to stop international oil companies (IOCs) evading tax from lifting crude oil. The panel said the move has become imperative...