Oil Marketers Seek Removal Of VAT On Imported Cooking Gas       The Major Oil Marketers Association of Nigeria has said the imposition of Value Added Tax on imported Liquefied Petroleum Gas, also known as cooking gas, will hamper the adoption of the fuel in the country. The...

Andersen Faults FIRS On N1.8trn Tax Liability On Multichoice         Tax and business advisory firm, Andersen, has questioned how the Federal Inland Revenue Service (FIRS), arrived at the N1.8 trillion tax bill it slammed on MultiChoice Nigeria, warning that it could harm the reputation of both...

VAT Controversy: FIRS May Lose Over N2.4trn Revenue To States       The Federal Inland Revenue Service may lose over N2.4tn revenue to the 36 state governments in 2022 if it loses its appeal against a Federal High Court verdict which barred it from collecting the Value...

Tax Evasion: Tribunal Orders DSTV To Pay 50% Tax Arears Before Hearing Appeal. A Tax Appeal Tribunal (TAT) sitting in Lagos has ordered Multichoice Nigeria Limited, owners of popular cable television services, DSTV, to pay 50 per cent of N1.8 trillion which the Federal Inland...

FIRS Insists On VAT Collection, Warns Taxpayers Against Default       The Federal Inland Revenue Service (FIRS) has directed taxpayers in the country to continue to pay their Value Added Tax (VAT) to it or risk penalties for failing to do so. The FIRS said it decided to...

PIA'll Deplete Tax Revenue, FIRS warns       Federal Inland Revenue Service (FIRS) Chairman, Mohammed Nami, said though the law may affect revenue expected to be generated from Petroleum Profit Tax next year, government revenue is expected to increase significantly in 2023. Speaking at an interactive session on...