Reconstituted NTPIC Will Boost Non-oil Revenue - Fowler   The Chairman, Federal Inland Revenue Service (FIRS), Tunde Fowler, has declared that the reconstitution of the National Tax Policy Implementation Committee (NTPIC), will lead to a boost in the country’s non-oil revenue. Fowler made the declaration yesterday, at...

Investors Demand VAT Exemption In Stock Market Extended Some investors in the Nigerian capital market have called on the federal government to extend the exemption of Value Added Tax (VAT) charges on transactions on the Nigerian Stock Exchange (NSE) so as to attract more patronage...

FG Clears N33.13bn PAYE Liabilities   The Federal Inland Revenue Service has said that the Federal Government has cleared N33.13bn outstanding PAYE tax liabilities owed by Federal Ministries, Departments and Agencies to states from 2002 to 2016, in the South-West region. The chairman, Joint Tax Board, Mr...

Manufacturers Object FG’s Planned Increase In VAT And Taxation Manufacturers and providers of goods and services under the aegis of Nigeria Employers’ Consultative Association (NECA) wednesday expressed their opposition to the plans by the federal government to increase taxation, including the value added tax (VAT). NECA...

MAN Urges FG To Stop 50% VAT Increase   The Manufacturers Association of Nigeria (MAN) has called on the Federal Government to jettison the idea of increasing the Value Added Tax (VAT) by 50 per cent. MAN President, Mansur Ahmed, made this call on Wednesday, during the...

Tax Tribunal Resolves 42 Cases Worth N288bn A total of 42 tax-related disputes worth N288bn have been resolved by the Tax Appeal Tribunal within a period of eight months. The Coordinating Secretary of TAT, Mr Mohammed Abubakar, gave the figure in Abuja at the opening session...