COVID-19 Affecting Nigerians’ Ability To Pay Taxes – Osinbajo
Vice-President Yemi Osinbajo on Sunday lamented the negative impact of the COVID-19 pandemic on the nation’s economy, saying only a few Nigerians can now afford to pay taxes.
Osinbajo said this in a message he sent to...
Taxation is new normal – FIRS Webinar
Nigerians should accept the fact that the country can no longer rely solely on revenue accruing from its natural resources to fund the budget, hence the need to embrace taxation as the new normal of national fiscal policy.
Panelists...
Stamp Duty: FIRS Orders Landlords, Agents On 6% Charge Remittance
The Federal Inland Revenue Service (FIRS) has called on landlords and property agents to ensure they charge 6 percent Stamp Duty on all tenancy and lease agreements they enter into with all renters and remit...
Nigeria Records N7.188trn Tax Revenue Deficit In Five Years
Indications that the Federal Government’s fiscal projections on revenue collectible from tax sources in yearly budgets are not based on realities in the economy have been reflected as the federally-collectible tax projections gap stood at N7,188.90...
FIRS Extends Tax Debt Payments Deadline To August 31
The Federal Inland Revenue Service (FIRS) has extended the closing date of its waiver of penalty and interest window on tax debts owned by individuals and businesses from June 30 to August 31, 2020.
Its Executive Chairman,...
IGR: Investment Experts Seek Review Of Tax Collection Initiative
On the backdrop of fall in Internally Generated Revenue (IGR) across the 36 states of the federation, investment experts at FBNQuest, the investment banking arm of First Bank of Nigeria Limited, have called for a review...
