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...

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...