Tax Increment On tobacco Will Continue Says Adewole   The Minister of Health, Prof. Isaac Adewole, has commended President Muhammadu Buhari for increasing the tax on tobacco, which took effect on Monday. Adewole, however, disclosed that the Federal Government would continue to increase the tax on tobacco...

Aggressive Tax Policies Increased Revenue By 51% In 2017 Says Osinbajo   Prof. Yemi Osinbajo, Nigeria Vice President, on Thursday said that the country’s tax revenue has increased to 51 per cent in 2017. Osinbajo made the disclosure at the FT Nigeria Summit on “Dispelling Uncertainty...

Jaiz Bank Records N894m Before Tax Profit   The pioneer non-interest bank in Nigeria, Jaiz Bank Plc, has declared significant growths in key performance indicators in 2017, thereby recording almost double growth on every unit of transaction during the period. Its Managing Director/CEO, Hassan Usman said at...

Tax: FG captures 5m more Nigerians – Osinbajo   At least five million more Nigerians have been added to the tax net following reforms in the tax collection architecture, Vice President Yemi Osinabajo has said. Prof. Osinbajo who spoke yesterday at the 20th annual tax conference by...

VAIDS: A Call for Humane Taxation By Comfort Yakubu   Voluntary Assets and Income Declaration Scheme(VAIDS) was introduced by the current administration as an initiative designed to encourage voluntary disclosure of previously undisclosed assets and income for payment of all outstanding taxes. It has been implemented by the...

SMEDAN, JTB, FIRS , Begin Sensitisation For SMEs     The Federal Inland Revenue Service (FIRS), Joint Tax Board (JTB) and the Small and Medium Enterprises Development Agency (SMEDAN) have begun a sensitisation exercise for Business Membership Organisations (BMOs) on tax payment and their rights as taxpayers,...