FIRS Agrees To Refund $2m, Other Tax Overpayments In Arco, GE Saga   The Federal Inland Revenue Service (FIRS), has said it will refund the N360million and $2million excess withholding tax (WHT) deducted from Arco Petrochemicals Engineering Company Limited, through its business dealings with General Electric...

9mobile Office Closed In Rivers Over N108m Unpaid Tax   The regional office of 9mobile (formerly Emerging Markets Telecommunication Service) in Rivers State has been shut over alleged non-payment of Pay As You Earn taxes of expatriates working for the firm to the tune of N108m. 9mobile...

VAIDS: 180 SMEs Get Education On Tax Compliance In a bid to get more people into the tax net through the Federal Government’s Voluntary Asset and Income Declaration Scheme, an initiative has been launched with the aim of making about 180 operators in the Micro,...

MDAs to Authenticate Tax Clearance Certificates before Payment The Federal Government has mandated all Ministries, Departments and Agencies of government (MDAs) and the Federal Inland Revenue Service (FIRS) to authenticate all Tax Clearance Certificates (TCCs) presented by companies and individuals engaged in public procurement processes. This...

Businesses To Improve As FG cuts Tax For SMEs   Last week, the Minister of Finance, Mrs Kemi Adeosun, disclosed that the Federal Government is proposing an amendment to the Company Income Tax aimed at reducing the Right of Tax on Micro, Small and Medium Enterprises...

21,212 Professionals Certified For Tax, Economic Reforms The Chartered Institute of Taxation of Nigeria (CITN) has certified no fewer than 21,212 tax professionals to date, a feat achieved with the induction of 889 members in the last six months. The development has given boost to the...