Lagos Begins Tax , Regulation For Ride-Sharing Firms Aug 27     Ride-sharing companies like Uber Technologies Inc. and Bolt that operate in Nigeria’s commercial capital of Lagos will have to pay licensing, renewal and service fees under regulations set to take effect later this month. Effective Aug....

COVID-19 Affecting Nigerians’ Ability To Pay Taxes – Osinbajo   Vice-President Yemi Osinbajo on Sunday lamented the negative impact of the COVID-19 pandemic on the nation’s economy, saying only a few Nigerians can now afford to pay taxes. Osinbajo said this in a message he sent to...

Nigeria Records N7.188trn Tax Revenue Deficit In Five Years     Indications that the Federal Government’s fiscal projections on revenue collectible from tax sources in yearly budgets are not based on realities in the economy have been reflected as the federally-collectible tax projections gap stood at N7,188.90...

FIRS Extends Tax Debt Payments Deadline To August 31     The Federal Inland Revenue Service (FIRS) has extended the closing date of its waiver of penalty and interest window on tax debts owned by individuals and businesses from June 30 to August 31, 2020. Its Executive Chairman,...

IGR: Investment Experts Seek Review Of Tax Collection Initiative     On the backdrop of fall in Internally Generated Revenue (IGR) across the 36 states of the federation, investment experts at FBNQuest, the investment banking arm of First Bank of Nigeria Limited, have called for a review...

ASUU’s Reluctance On IPPIS Migration Ploy To Evade Tax – OAGF   The Office of the Accountant General of the Federation (OAGF) has accused the Academic Staff Union of Universities (ASUU) and staff of other tertiary institutions of plans to evade taxes as the controversy over...