Tax revenue rises 17% to N3.48trn in H1’23
Revenue from Value Added Tax (VAT) and Company Income Tax, CIT, grew Year-on-Year (YoY) by 17 percent to N3.48 trillion in the first half of 2023 (H1’23) from N2.97trillion in the corresponding period of 2022, H1’22.
FIRS freezes MultiChoice’s accounts, appoints banks to recover N1.8trn tax liabilities
The Federal Inland Revenue Service, FIRS, has appointed Nigerian Deposit Money Banks as agents to freeze and recover the N1.8 trillion from accounts of MultiChoice Nigeria Limited (MCN) and MultiChoice Africa (MCA).
Internal Revenue Service Chairman urges citizens to pay tax
The Executive Chairman, Nasarawa State Internal Revenue Service (NSIRS), Alhaji Ahmed Yakubu, has urged the people of the state to pay their taxes, to enable government to provide more dividends of democracy. Yakubu made the call on Wednesday, while speaking with newsmen in Lafia. He said that doing so would also ensure speedy development of […]
CITN decries corruption in tax administration in Nigeria
The Charted Institute of Taxation of Nigeria, CITN, has attributed the low tax culture among taxable adults and businesses in Nigeria to lack of accountability and transparency in the expenditure of tax money by tiers of government.
CITN decries corruption in tax administration
.Tasks tiers of govt on accountability By Olasunkanmi Akoni The Charted Institute of Taxation of Nigeria, CITN, has blamed the low tax culture among taxable adults and businesses in Nigeria on lack of accountability and transparency in the expenditure of tax money by tiers of government. Chairman of CITN, Ikeja and District Society, Mr Funso […]
Unfair tax burdens on Lagos transporters
Since Wednesday, March 3, 2021, the sufferings of motorists and commuters of the decrepit Lagos-Badagry Expressway have quadrupled. Commercial drivers on that road have withdrawn their services several times in protest against extortion by union officials. Thousands of poor commuters on the Lagos-Badagry Expressway have been stranded, while many have resorted to taking commercial motorbikes […]
