Expert Calls For Simplified Tax System
The federal and state governments have been advised to address grey arears in the nation’s tax policies in order to increase the country’s non-oil revenue.
The Director, Fin Insurance Company Limited/Union Insurance Brokers Limited, Mr. Afolabi Elebiju, said there was...
Investors Seek Tax Removal On Investments To Promote Savings
The prevailing high tax regime in the country has come under fresh criticism, as investors have called on the Federal Government to remove the various taxes imposed on investment in the capital market, stating that such...
Nigeria Earned N35trn From Tax In 8 Years, Says FIRS
Within an eight-year period covering 2011 and 2018, the country earned a total of N35.56tn as tax revenue, statistics obtained from the Federal Inland Revenue Service have revealed.
An analysis of the tax revenue statistics showed...
Tax Dispute: MTN Engages KPMG To Tackle FIRS
MTN has engaged the services of the KPMG to handle the demand for the payment of tax on the N330bn ($1.1bn) fine it paid to the government, investigation has shown.
The company had confirmed having a technical disagreement...
Maritime Stakeholders Urge FG To Abolish Tax On Full Duty For Ship Acquisition
Stakeholders in the nation’s maritime sector have called on the federal government to abolish the tax on full duty paid equipment, stressing that the policy was undermining local operators and favours foreign...
Rivers Revenue Agency Shut Down NDDC Office Over N50bn Tax
The Rivers State Internal Revenue Service has sealed off the corporate headquarters of the Niger Delta Development Commission in Port Harcourt over unpaid withholding tax allegedly running into N50bn.
This is as the NDDC insisted that...
