FG Targets Tax Raise In 2022 To Reduce Borrowing
Taxes may go up next year as a result of the government’s plans to shore up revenue and drastically cut borrowings.
Leakages are to be blocked and revenue-generating agencies are to be thoroughly supervised.
Senate President Ahmad Lawan,...
Tax Forms 70% Of FAAC Allocations — FIRS Boss
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Alhaji Muhammad Mamman Nami, has said 60 to 70 percent of the funds shared monthly by the Federal Account Allocation Committee (FACC) among the three tiers...
Lagos State Govt Earned N418bn From Tax In 2020 – LIRS
Lagos State Government raked in N418bn as tax revenues in 2020 despite the outbreak of the COVID-19 pandemic, the state’s internal revenue service has said.
A statement issued on Sunday by the States Fiscal Transparency...
Nigeria Earned N496bn From VAT In Three Months — NBS
The federal government’s Value Added Tax (VAT) collections rose to N496.39 billion in the first quarter of 2021 from the N454.69bn realised in the fourth quarter of 2020, according to the National Bureau of Statistics...
FIRS To Deduct Tax From Defaulters’ Bank Accounts
The Federal Inland Revenue Service (FIRS) has threatened to deduct tax liabilities from defaulters’ bank accounts.
It said in a statement in Abuja, Wednesday, that the move was being considered, “following rising cases of willful and illegal withholding...
Dangote Cement To Pay N40bn Tax In Q1, 2021
Dangote Cement Plc is expected to pay N40.39 billion in taxation to the nation’s treasury from its operational result in the first quarter of 2021, the company said yesterday.
In a statement, the cement manufacturer cited its...
