Presidential tax committee recommends N800/$ Customs duty rate
The Presidential Committee on Fiscal Policy and Tax Reforms has recommended an exchange rate of N800 per dollar Customs import duty rate for the rest of the year.
VAT, other taxes record declines, as FG, States, LGAs share N671.9bn
The Federation Accounts Allocation Committee (FAAC), meeting has distributed the sum of N671.910 billion among the federal, states and local governments, amidst significant declines in the various tax revenues.
New Tax Tribunal Rules: Own goal by Finance Minister [OPINION]
Perhaps more than any other time in her history, Nigeria needs non-oil revenues. With the prices of oil, her major resource and revenue earner, flagging since around 2014, the country’s need to look in other directions has assumed greater significance.
FIRS boss: Only 41 million people pay tax in Nigeria
Muhammad Nami, the Chairman of the Federal Inland Revenue Service (FIRS), has said that only 41 million pay taxes in Nigeria out of the over 200 million population in the country
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 […]
