FG To Implement Telecoms, Beverage Taxes Next Year   The Federal Government through the Budget Office of the Federation has revealed that it will begin the implementation of its proposed excise duties on telecommunication services and beverages in 2023. This is despite backlashes from the Minister of...

Free Trade Zones Contributes N29bn Tax In 2 Years - NEZA   The Nigeria Economic Zones Association (NEZA) has said the special economic zones in the country are not used for tax evasion but a source of gaining more revenue through custom duties and VAT than...

NGX-listed Firms Remit N215.9bn Tax To FIRS, Others In Q1   As a result of their expansion in Nigeria and other African countries, the likes of Dangote Cement Plc, MTN Nigeria Communication, Seplat Energy Plc, Guaranty Trust Holding Company Plc (GTCO) and 20 other companies remitted...

Senate To NUPRC: Stop IOCs Evading Tax From Lifting Crude Oil   The Senate Committee on Finance has asked the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to stop international oil companies (IOCs) evading tax from lifting crude oil. The panel said the move has become imperative...

Fed Govt Bars 10 Firms, Grants Three-year Tax Relief To 33 Companies   The Federal Government approved the application of 33 companies seeking pioneer status under the Industrial Development Income Tax Act in 2021. This was contained in the quarterly PSI reports released by the Nigeria Investment...

Buhari: "Much is Needed In The area of Tax Mobilisation" President Muhammadu Buhari has described Nigeria’s current tax system as fragmented and inefficient. He calls for a harmonised approach within a single system to boost revenue generation. In a statement by the Special Adviser to the...