The Federal Inland Revenue Service (FIRS) has realized the sum of N27 billion between 2013 and 2015 as part of efforts to promote voluntary compliance and shield taxpayers from the burden of carrying forward tax liabilities that arose from penalty and interest.
This was disclosed...
Amidst declining revenue from oil, low tax to Gross Domestic Product ratio and a rapidly changing commercial environment, IFEANYI ONUBA examines what impact the National Tax Policy, recently approved by the Federal Executive Council, will have on the country’s tax system
Despite the potential of...
…-Kwara IGR to is N17 billion in 2016
Chairman of the Joint Tax Board (JTB), Mr. Tunde Fowler placed a call to the Kwara State Governor, Dr. AbdulFatah Ahmed: ask your colleagues to empower their State Internal Revenue Services (SIRSs) by giving them autonomy.
Autonomy, Fowler...
The Federal Government is to carry out about 28 major reviews and amendment to the current tax laws and regulations to ensure a smooth take off of the National Tax Policy, Sunday Punch has reported.
Details of the review are contained in the National Tax...
The Federal Government has said it will raise the contribution of agriculture to the nation’s Gross Domestic Product by N5tn before 2020.
It stated that the country’s GDP from agriculture, which stood at N16tn in 2015, would be increased to N21tn in the next three...
The Senate of the Federal Republic of Nigeria has warned the Nigerian Customs Service (NCS) from collecting duties on old vehicles.
In its resolution, the Senate said that Customs should drop the proposed move until its Comptroller-General, Hameed Ali appeared before it, to explain the...
