Nigeria, Other African Countries lose $80bn Annually to Illicit Financial Flows Following Africa’s yearly loses amounting to $80bn through Illicit Financial Flows(IFF) with Nigeria accounting for significant percentage, Nigeria, global organizations, including the Organization for Economic Cooperation and Development (OECD) and the World Bank Group,...

Finance Minster- We’ll Expose Tax Debtors With Bank Account Data   The Minister of Finance, Mrs. Kemi Adeosun, has advised wealthy Nigerians to take advantage of the Voluntary Assets and Income Declaration Scheme to regularise their tax status and escape unsavoury consequences. The minister said this in...

Airlines To Save N11.6b Yearly From Removal Of VAT, Others   The planned review and removal of the mandatory Value Added Tax (VAT) on all air travel tickets issued in the aviation sector will save local airlines at least N11.55 billion in revenue yearly. The tax, which...

FG Targets More Tax Revenue From VAIDS The Federal Government expects to net considerable tax revenue this year through the implementation of the Voluntary Assets and Income Declaration Scheme. The scheme is an initiative of the Federal Ministry of Finance that provides a time-limited window for...

JTB Eyes 40million Individuals Outside Tax Net The Chairman, Joint Tax Board (JTB), Mr. Babatunde Fowler, says the board is set to capture 40 million Nigerians outside its tax net by March, next year. Fowler, who is also the Chairman, Federal Inland Revenue Service(FIRS) gave the...

Niger’s N15bn Tax Revenue Wrongly Paid To FCT – Governor The Governor of Niger State, Abubakar Bello, on Monday said that the state was currently losing about N1.3bn monthly as taxes to the Federal Capital Territory. Bello, who said this during a meeting with the Minister...