'Nigeria Loses N20trn To Tax Underpayment'   Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has said tax gap in Nigeria hovers around N20 trillion. He, however, pledged the total commitment of the committee to bring about comprehensive and harmonised tax...

FG Begins Harmonisation of Taxes, Inaugurates Committee Today The federal and state governments have commenced harmonisation and codification of taxes at the national and sub-national levels to eliminate multiple taxation and increase revenue. In line with this, President Bola Tinubu is also expected to inaugurate the...

FIRS Records Tax Revenue Collection of N5.5trn in Six Months, Projects N25trn in 2024 The Federal Inland Revenue Service (FIRS) has announced a total tax revenue collection of N5.5 trillion for the half-year period of January to June 2023 and plans to generate a total...

We Are Not Merging Revenue Generating Agencies — Fed Govt   The federal government has disclosed that it has no plans to merge revenue-generating agencies as speculated in some sections of the media. President Bola Tinubu’s special adviser on revenue, Zacchaeus Adedeji, made the clarification during an...

FIRS to Collect VAT from Traders, Others The Nigerian Government through the Federal Inland Revenue Service, has announced the VAT Direct Initiative, a scheme aimed towards enabling the government to collect Value Added Taxes from the informal sector and reduce multiple taxations in the informal...

FIRS To End Multiple Taxation, Collect VAT The Federal Inland Revenue Service says it has commenced an initiative to end multiple taxation and collect Value Added Tax (VAT) from Market Traders Association of Nigeria (MATAN) and other informal sector operators. The association, with a membership of...