FG Records Tax Revenue Windfall, Banks’ Tax Rises by 109.6%   There are indications that the Federal Government is having great times in its finances as its revenue from Value Added Tax (VAT) and Company Income Tax (CIT) rose by 85 per cent year-on-year, YoY, to...

FG Targets More Tax Revenue as Global Rates Rise   The Federal Government has said it will focus more on domestic resources mobilisation with a focus on a more efficient collection of taxes, fees and payments that are due to the government. The Minister of Finance and...

State Govts Lose N116bn Tax Revenue In Two Years   Knocks have trailed the loss of N116bn tax revenue by the state governments in Nigeria within a space of two years. According to the data from the Nigerian Bureau of Statistics, a total of 13 states had...

FG To Deploy PPP To Boost Excise, Tax Revenue   The Federal Government is deploying an Integrated Secure Track and Trace Solution to boost revenue through excise and tax collection. The Public-Private Partnership (PPP) solution, which will adopt the Build, Operate and Transfer option, will allow the...

FIRS To Capture MDAs Revenue, Waivers As Taxes     The Federal Inland Revenue Service (FIRS) has disclosed that henceforth government revenue, tax waivers, import duty waivers among others will be captured as tax revenues to the Federation. The FIRS said that this will improve Nigeria’s tax-to-GDP ratio...

PIA'll Deplete Tax Revenue, FIRS warns       Federal Inland Revenue Service (FIRS) Chairman, Mohammed Nami, said though the law may affect revenue expected to be generated from Petroleum Profit Tax next year, government revenue is expected to increase significantly in 2023. Speaking at an interactive session on...