Shell: FG’s Tax Claims May Delay Deepwater Oil Project   Royal Dutch Shell said on Tuesday that Nigeria’s claims that it was owed billions in taxes could delay the development of a major oil field off the coast of the country. The Federal Government ordered several major...

Fowler: No Multiple Taxation In Nigeria   The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has said multiple taxation does not exist in the country’s tax system. This is just as he urged stakeholders both in the organised private and public sectors to expedite...

FG Directs IOCs To Pay $20bn In Back Taxes The Federal Government has ordered international oil companies operating in the country to pay nearly $20bn in taxes it says are owed to states. In a letter sent to the companies earlier this year via a debt-collection...

As FG Recovers N33bn From Defaulters, Earns N1.1trn From VAT   The National Bureau of Statistics has said that the country generated a total of N1.1tn as Value Added Tax revenue (VAT) in the 2018 fiscal period. The amount is contained in the VAT report for the...

LCCI Tackles FIRS Over Freezing Of Alleged Tax Defaulters’ Bank Accounts   The Lagos Chamber of Commerce and Industry (LCCI) has expressed concern over reports by many corporate bodies bordering on freezing of their accounts and alleged debiting of such accounts by the Federal Inland Revenue...

Firm Advocates Tax Concession for Hospitality Businesses   The Managing Director of Jumia hotel and flight services, Omolara Adagunodo, has called on the federal government to as a matter of urgency, grant tax holidays to businesses in the hospitality industry. This, according to Adagunodo, would strengthen operators...