N10/litre Tax On Soft Drinks: Nigeria’ll Lose Investments - MAN
The Manufacturers Association of Nigeria said on Thursday that the introduction of excise duty of N10 per litre on all non-alcoholic, carbonated and sweetened beverages will make Nigeria lose investments to other countries.
The Minister of...
Fed Govt Rakes In N8.6trn From Customs, FIRS In 2021
The federal government has realized the sum of N8.6trn as taxes for the year 2021.
Data released by the Nigeria Customs Service (NCS) and the Federal Inland Revenue Service (FIRS) disclosed that both agencies generated N2.2...
FG Commences Collection Of Income Tax On Bonds, Short-term Securities
The federal government will today commence the collection of income tax on bonds, short-term securities.
This followed the expiration of a 2012 gazette which exempted Companies Income Tax (CIT) from bonds and short-term securities in the...
Over 30m Nigerians Refuse To Pay Tax ― DG Budget, Akabueze
Over 30 million Nigerians who are generating taxable incomes are not paying tax, compounding the effort of government to broaden its revenue, the Director-General of Budget Office (DG), Dr Ben Akabueze, has lamented.
Speaking at...
Tax: Lagos, Rivers, Others Make N2.33trn From PAYE In Three Years
The 36 states in Nigeria and the Federal Capital Territory earned N2.33tn from Pay As You Earn in three years, according to data collated from the National Bureau of Statistics.
According to the NBS, PAYE...
Buhari Orders FIRS To Tax Digital Transactions
The Secretary to the Government of the Federation (SGF) and Chairman, Presidential Task Force (PTF) on COVID-19, Boss Mustapha
President Muhammadu Buhari has ordered the deployment of technology to tax all digital transactions carried out across the country.
The Secretary...
