Banks Suspends BDCs' Accounts, Demands Tax Remittance The Association of Bureau De Change Operators of Nigeria has kicked against ongoing banks’ suspension of bureau de change accounts, demanding for tax remittances on turnover volumes. In a statement on Thursday, the President, ABCON, Alhaji Aminu Gwadabe, said...

States Failed To Remit N41bn VAT – FIRS   The Federal Inland Revenue Service has accused state governments of failing to remit Value Added Tax to the tune of N41bn to the Federal Government’s coffers. The Jigawa State Governor, Abubakar Badaru, disclosed this to State House correspondents...

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...