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Tax Matters

Reps Probe Uber, Bolt, Others Over Tax Returns

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...

Reps Invite Adebayo, Malami, FIRS As Controversy Emerges Over Tax Holidays

Reps Invite Adebayo, Malami, FIRS As Controversy Emerges Over Tax Holidays   The House of Representatives Committee on Public Accounts has invited the Ministry of Industry, Trade and Investments, Niyi Adebayo; Minister of Justice and Attorney-General of the Federation, Abubakar Malami (SAN); and the Federal Inland...

FIRS To Capture MDAs Revenue, Waivers As Taxes

FIRS To Capture MDAs Revenue, Waivers As Taxes     The Federal Inland Revenue Service (FIRS) has disclosed that henceforth government revenue, tax waivers, import duty waivers among others will be captured as tax revenues to the Federation. The FIRS said that this will improve Nigeria’s tax-to-GDP ratio...

Tax: Lagos, Rivers, Others Make N2.33trn From PAYE In Three Years

Tax: Lagos, Rivers, Others Make N2.33trn From PAYE In Three Years     The 36 states in Nigeria and the Federal Capital Territory earned N2.33tn from Pay As You Earn in three years, according to data collated from the National Bureau of Statistics. According to the NBS, PAYE...

FIRS To Go After Tax Evaders In Aviation, Maritime Sectors

FIRS To Go After Tax Evaders In Aviation, Maritime Sectors     The Federal Inland Revenue Service (FIRS) has said it will soon commence a back-end tax audit on operators in the maritime and aviation industries to checkmate tax evasion. The Executive Chairman, Muhammad Nami, who made the...

Multichoice Africa loses legal battle on $342M tax to FIRS.

Multichoice Africa loses legal battle on $342M tax to FIRS.   The titanic legal battle by the South African Company, Multichoice Africa Holdings B.V with the Nigerian government owned Federal Inland Revenue Services (FIRS) over the disputed $342M tax has been struck out. The Tax Appeal Tribunal...