Reps Demand Evidence of taxes, royalties, other Payments  House of Representatives Ad-hoc Committee on the recovery of N2.6 trillion being owed by oil and gas companies to federal government has instructed companies to ensure they prove they have made payments of taxes, royalties, and other...

FIRS offers concession to foreign currency tax debtors With effect from 1st of March to 31st March, 2022, taxpayers with pending foreign currency tax liabilities will be able to settle these obligations in Naira during the Federal Inland Revenue Service (FIRS) one-month window, Muhammad Nami,...

Fresh Crisis Looms Over Stamp Duties Collection   There are indications that a fresh crisis may occur between the federal government and a trade union over which is responsible for the collection of stamp duties between the Federal Inland Revenue Service (FIRS) and the Nigerian Postal...

Supporting Tertiary Education Through Increased Taxation, by Rahma Oladosu   The most prominent avenue through which the Tertiary Education Trust Fund (TETFund) raises funds to prosecute its statutory intervention projects and programmes in Nigerian tertiary institutions is through the Education Tax known as EDT. According to a...

TETFUND Receives N189bn As Education Tax In 2021 – Bogoro   The Tertiary Education Trust Fund, TETFUND, has said that it received N189 billion as Education Tax collection, EDT, in 2021. Prof. Suleiman Bogoro, the Executive Secretary of TETFUND, announced this at its 2021 Education Development Tax,...

FIRS To Tax Profits From Bonds, Securities The Federal Inland Revenue Service (FIRS) has announced that it would tax profits accruing from investments in bonds and short-term government securities by companies which would now be categorised as income tax. This, it said, followed the expiration of...