President Buhari Exempts Firms With N25m Turnover From VAT   Firms making a turnover of N25 million and below will be exempted from payment of the Value Added Tax (VAT), President Muhammadu Buhari said on Tuesday. He stated this while presenting his N10.33 trillion 2020 budget estimates...

30,000 Firms In Kaduna Fail To Pay Taxes   THE chairman, Kaduna State Internal Revenue Services, Zaid Abubakar, has said more than 30,000 companies in the state do not pay their taxes. He said this on Tuesday in Kaduna when a civil society organisation, Tax Justice and...

VAT Collection Still At 0.2%, FG Says   Mrs. Zainab S. Ahmed has said the collection of the value added tax (VAT) is still at a paltry 0.2 percent, well below the African average of 0.33 percent. The minister disclosed this yesterday at the ongoing economic summit...

Tenure: FIRS Boss, Fowler To Know Fate On October 11   The Federal High Court sitting in Kano has today heard the Originating Summons of a Lawyer, Stanley Okwara seeking to sack Dr. Babatunde Fowler as the Executive Chairman of the Federal Inland Revenue Service (FIRS). After...

FIRS Targets 45m Taxpayers By December, Says Fowler   Federal Inland Revenue Service has said that about 45 million Nigerians will be captured as taxpayers before December 2019. Mr Babatunde Fowler, Chairman, Joint Tax Board said this on Thursday in Ilorin at the inauguration of the new...

Telecom Operators Criticize Proposed Communications Service Tax   Telecommunications operators have condemned the proposed nine per cent communications service tax the 9th National Assembly plans to re-introduce. The operators under the aegis of the Association of Telecommunications Companies of Nigeria said the 8th National Assembly which earlier...