FIRS Grants Dangote Cement N22.32bn Tax Credit       The Federal Inland Revenue Service (FIRS) has issued Dangote Cement Plc, tax credit certificates valued at N22.321 billion. The tax credit certificates were for the construction of Apapa-Oworonshoki-Ojota road in Lagos and the Lokoja-Obajana-Kabba road connecting Kogi and Kwara...

FIRS To Access Computers, PoS Of Taxable Persons, Firms       The Federal Inland Revenue Service (FIRS) has said it will soon begin to access computers and electronic storages belonging to taxable individuals through its Automated Tax Administration Solution. According to an advertorial yesterday signed by the Executive...

LIRS Extends Deadline For Individual Annual Tax Returns’ Filling       Lagos State Internal Revenue Service has extended the deadline for filing of individual annual tax returns by two weeks starting from April 1 to April 14, 2021. It said in a statement titled ‘LIRS extends deadline for...

Reps Summon FIRS Boss, Query Tax Waiver For P&G       The House of Representatives’ Committee on Public Accounts has invited the Chairman of Federal Inland Revenue Service, Mr Muhammad Nami, over a tax clearance certificates issued to Procter and Gamble, a firm based in the United...

Company Income Tax Decline By N120.29bn       Total revenue from Company Income Tax dropped by N120.29bn in the fourth quarter of 2020. The National Bureau of Statistics disclosed this in its report on ‘Company Income Tax by sector’ which was released on Wednesday. Part of the report read,...

Fed Govt Earned N454.69bn From VAT In Q4, 2020         The Federal Government generated N454.69bn from Value Added Tax in the fourth quarter of 2020. The National Bureau of Statistics disclosed this in its report on ‘Sectoral distribution of Value Added Tax’ for fourth quarter of 2020. Part...