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How Nigeria Can Generate N10trn Tax Revenue – W/Bank

How Nigeria Can Generate N10trn Tax Revenue - W/Bank       The World Bank has advised the federal government to focus on low-hanging and revenue-yielding fruits in order to achieve substantial gains, grow Nigeria’s tax-to-GDP ratio to about seven per cent and rake in about N10 trillion...

Revolutionising Tax For Nigeria’s Sustainable Growth

Revolutionising Tax For Nigeria’s Sustainable Growth     The Federal Inland Revenue Service (FIRS), is currently implementing small businesses-friendly tax policy that temporary exempts operators with annual turnover of N25 million and below from charging Valued Added Tax (VAT), while deploying technology to ensure continued quality service...

FIRS Strategies Will Improve Tax Revenue – CITN

FIRS Strategies Will Improve Tax Revenue - CITN   The Chartered Institute of Taxation of Nigeria has expressed confidence that the current strategies and initiatives of the Federal Inland Revenue Service will improve revenue collections. The Registrar/Chief Executive, CITN, Adefisayo Awogbade, said the institute had observed that...

Tax Revenue: FG Targets N900bn Offshore Assets

Tax Revenue: FG Targets N900bn Offshore Assets The Attorney General of the Federation (AGF) and Minister of Justice, Mr. Abubakar Malami, has disclosed that the federal government is looking to grow the tax revenue base in the coming years by N900 billion from offshore assets...

Tax Revenue Has Beeen Increased By Over N700bn Says Fowler

Tax Revenue Has Beeen Increased By Over N700bn Says Fowler   Through the deployment of Information and Communications Technology, the Federal Inland Revenue Service has been able to raise tax revenue by over N700bn in the last two years. The Executive Chairman, FIRS, Mr. Babatunde Fowler, said...

Revenue From VAT Rises By 19% To N968bn In 2017

Revenue From VAT Rises By 19% To N968bn In 2017   Federally collected revenue from Value Added Tax (VAT) rose to N968 billion in 2017, up by N156.7 billion or 19 percent from N811 billion recorded in 2016. This was contained in the Central Bank of...