FG, states Realised N30bn From VAIDS — Fowler   A total of N30bn has been realised from taxpayers who have declared their assets under the Voluntary Assets and Income Declaration Scheme of the Federal Government. The Executive Chairman, Federal Inland Revenue Service, Mr. Babatunde Fowler, gave the...

Tax Increment On tobacco Will Continue Says Adewole   The Minister of Health, Prof. Isaac Adewole, has commended President Muhammadu Buhari for increasing the tax on tobacco, which took effect on Monday. Adewole, however, disclosed that the Federal Government would continue to increase the tax on tobacco...

Airline Operators Threaten To Stop VAT Payment June 14   There is an imminent face-off between the Federal Government and airline operators over payment of Value Added Tax (VAT). The operators under the umbrella of Airline Operators of Nigeria (AON) yesterday rose from their meeting where...

Insurance Companies Lose N23bn To Multiple Taxation   Fifty eight insurance companies in the country have decried the increasing multiple taxation they are subjected to by tax authorities which has made them cough out about N23 billion as taxes in the previous and the current financial...

Tax: FG captures 5m more Nigerians – Osinbajo   At least five million more Nigerians have been added to the tax net following reforms in the tax collection architecture, Vice President Yemi Osinabajo has said. Prof. Osinbajo who spoke yesterday at the 20th annual tax conference by...

FIRS, States Deploy Web Solution For VAT Payment, Generate N9.76bn     Between July 2016 and April this year, the Federal Inland Revenue Service generated a total revenue of N9.76bn through the State Offices of the Accountant-General Platform. The Executive Chairman, FIRS, Mr. Tunde Fowler, gave the figure...