There is currently a global initiative to tackle the problem of illicit financial flows and tax evasion, which has contributed to the country’s underdevelopment. A report by former South African Premier, Thabo Mbeki, noted that the amount of illicit financial flows out of Africa exceeded...

The Minister of Finance, Mrs. Kemi Adeosun, has said that 55 per cent of the revenue generated by the Federal Government from Value Added Tax receipts was being collected from Lagos State. Adeosun, according to an online publication, TheCable, said this during a meeting with...

The Federal Inland Revenue Service (FIRS) is targeting N1.8 trillion Value Added Tax (VAT) collection for the 2017 fiscal year. Its Executive Chairman, Tunde Fowler, made the projection at his 2017 budget presentation to the Senate Committee on Finance during budget defence. The FIRS chief told...

Finance Minister Mrs Kemi Adeosun has said the Federal Government planned to raise over $1billion from the executive order signed by Acting President Yemi Osinbajo. Last week, Osinbajo signed an executive order to give room for Nigerians to regularise their taxes. Adeosun spoke yesterday on Sunrise...

The Federal Government will deploy and heavily rely on technology to increase tax compliance under the recently launched Voluntary Asset and Income Declaration Scheme (VAIDS). Minister of Finance, Mrs. Kemi Adeosun has said. In an interview on Channels Television, the Minister explained that the signing...

Acting President, Yemi Osinbajo has issued nine months grace period to tax payers to regularise their tax status or face criminal prosecution for tax offences. Osinbajo made the in Abuja at the inauguration of the Voluntary Assets and Income Declaration Scheme (VAIDs). He said the scheme...