LCCI To FG: Scrap Taxes On Solar Equipment   The Director-General, Lagos Chambers of Commerce and Industry, Muda Yusuf, has said that the import duty and taxes on solar equipment including batteries and inverters should be scrapped so as to improve access to renewable energy solutions. The...

2019 Finance Bill Will Promote Tax Incentives, Fiscal Equity - CITN   The Chartered Institute of Taxation of Nigeria (CITN) has thrown its weight behind the Federal Government’s 2020 Finance Bill, saying when operational, it would “promote fiscal equity and tax incentives to mainstream small and...

Outrage As Senate Okays 50% VAT Increment   The bill specifically seeks to hike the Value-Added Tax from five percent to 7.5 percent. The Federal Executive Council had in September this year approved an increase in VAT and sent a bill to the National Assembly for consideration....

High Tax Evasion Depleting Ekiti’s IGR, Says Ogunmilade   The Chairman of the Ekiti State Internal Revenue Board, Mr. Olumuyiwa Ogunmilade, has expressed displeasure over the high incidence of tax evasion in the state, which he said is leading to colossal depletion of the state revenue...

Buhari Blames Politicians, Oil Firms For Tax losses Over The Years   President Muhammadu Buhari has blamed politicians and oil companies for conspiring to deny Nigeria commensurate revenue from oil production and sales, particularly taxes over the years. He said this on Monday after signing the amended...

FG To Introduce Tax Incentives On Investment In Capital Market   The Federal Government on Thursday said it would introduce tax incentives on investments in capital market instruments. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed said this at the opening session of a...