5% excise tax: Telcos’ll soon die like NITEL — MTN CEO, Toriola
He said the telcos existing at the moment are only spending their reserves, which will run out sooner than later
Tinubu’s revenue vision for Nigeria is to tax prosperity not poverty – Zach Adedeji
The Special Adviser to the President on Revenue, Zach Adedeji said President Bola Tinubu’s vision for growing Nigeria’s is to tax prosperity and not poverty.
Tinubu suspends telephone tax, defers Finance Act, Customs Tariff
Some of the suspended taxes were issued through Executive Order by former President, Muhammadu Buhari, at the twilight of his administration.
FG, Lagos join forces to drive tax compliance
The Federal Inland Revenue Service (FIRS) and the Lagos Internal Revenue Service (LIRS) have signed a Memorandum of Understanding (MoU) to establish a Joint FIRS and LIRS Audit and Investigation Team, AIT, aimed at driving exchange of information between both agencies.
‘You want to reap over 100%,’ Iyabo Ojo tackles Lagos State over ₦18m tax bill
Nollywood actress and entrepreneur, Iyabo Ojo has reacted to the Lagos State Government and the governor of the state, Babajide Sanwo-Olu over an alleged ₦18 million tax request.
Global competitiveness: Over 30 taxes choke industries in Nigeria as FG plans 18 more
Manufacturers have lamented that the multiplicity of taxes, levies and fees have continued to hamper the competitiveness of the Nigerian manufacturing sector in the global space.
FIRS, Afropolitan train Nasarawa journalists on tax reporting
The training also centred on national sensitisation and capacity building for media professionals, tax payers and other critical stakeholders in national development.
FCMB Group grows after-tax profit by 7% to N20.9bn
By Babajide Komolafe FCMB Group Plc has recorded seven per cent growth in its after tax profit to N20.9 billion in the financial year ended December 2021. This follows growth in gross revenue to N212 billion, representing a 7% growth compared to N198.4 billion in 2020. Consequently, the profit before tax, PBT, rose to N22.7 billion […]
FG rebuffs private sector, imposes N10/litre tax on soft drinks
The federal government has in troduced an excise duty of N10 per litre on all non-alcoholic, carbonated and sweetened beverages.
CITN marks 40 years of regulating tax in Nigeria
By Elizabeth Osayande The Chartered Institute of Taxation of Nigeria has announced programmes to celebrate its 40 years anniversary of regulating tax in Nigeria. Speaking at a briefing in Lagos on Tuesday, the anniversary committee chairman, Foluso Fasoto, said that during the last 40 years the institute passed through storms. “We are celebrating 40 of […]
Expect new taxes in 2022, says Finance Minister
The Minister of Finance, Mrs Zainab Ahmed, has said there might be introduction of new tariffs and levies in 2022, as the economy was now on a recovery path. Ahmed made this known while addressing stakeholders at a public hearing on the 2021 Finance Bill organsied by the House of Representatives Committee on Finance on […]
