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FIRS lists Nigeria’s 2021 top-performing taxpayers, hails them for compliance

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ABUJA - The Federal Inland Revenue Service (FIRS) has listed Nigeria’s top-performing taxpayers in 2021 and commended them for their exceptional efforts in contributing...

No TIN-for-bank account requirement in Finance Bill – Presidency

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The Presidency said on Sunday that there is no provision in the Finance Bill (2022) that states that banks will be required to request...

Nigerians to pay 7.5% VAT on Facebook ads from January

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Facebook says Nigerians will pay 7.5 per cent value-added tax (VAT) on all ad placements from January 1, 2022. The social media giant said this...

Buhari sends Finance Bill to National Assembly

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The President, Major General Muhammadu Buhari (retd.), on Tuesday, sent the Finance Bill 2021 to the two chambers of the National Assembly for consideration...

House wants N2.6tr debt by oil firms recovered

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The House of Representatives yesterday asked the Federal Government to recover about N2.6 trillion allegedly owed it by 77 oil and gas companies operating...

Subsidy: FG may deduct N2.4tn palliative from Federation Account, plans talks

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The Federal Government may deduct at least N2.4tn from the Federation Account to fund the N5, 000 cash palliative that will be handed over...

FG budgets N104bn to maintain, purchase generators in 2022

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Ministries, Departments and Agencies of the Federal Government will in 2022 spend an estimated N104bn on purchasing generators, fuelling and servicing them, The PUNCH...

FIRS to spend N2.8bn on uniforms, N550m on meals

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The Federal Inland Revenue Service has earmarked the sum of N2.8bn for “uniforms and clothing” for the year 2022. The tax body has also budgeted...

Legal battle over VAT collection stirs debates on equity, fiscal federalism

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TUNDE AJAJA examines the likely solutions to the salient issues presented by the raging controversy over the collection of Value Added Tax in Nigeria. The...

VAT dispute: Appeal Court grants Lagos’ request to join case

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The Court of Appeal in Abuja has granted the application by Lagos State, through its Attorney General, to be made a respondent in the...

VAT row: Firms remit August returns to FIRS

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After a lull into the confusion arising from the row over Value Added Tax (VAT), many manufacturers and service-based companies have started remitting the...

VAT row threatens Fed Govt’s N8.36tr 2022 revenue target

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The controversy over the Value Added Tax (VAT) may derail the Federal Government’s projected N8.36 trillion 2022 revenue should the matter be resolved in...

Uncertainty over Fed Govt’s directive on VAT collection

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Rivers State has urged the Court of Appeal to order the appointment of a receiver/manager over VAT pending the determination of an appeal by...

Ebonyi State Governor, Dave Umahi, on Friday, knocked his colleagues on...

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Umahi, who is the Chairman of the South-East Governors’ Forum, made it clear that Ebonyi won’t pursue VAT collection or implement the decision of...

Appeal Court reserves ruling on Lagos’ request to join case on...

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The Court of Appeal in Abuja has reserved ruling on an application by Lagos State to be made a respondent in the appeal filed...

National Assembly defends Buhari’s $4.9bn loan plan, APC, PDP clash over...

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The Senate on Wednesday justified the President, Major General Muhammadu Buhari (retd.)’s plan to obtain $4.054bn and €710m ($$839m) loans. The Chairman of the Senate...

States, LGs sleeping, not thinking of ways to increase national cake...

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The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission, Elias Mbam, on Wednesday, lambasted the 36 state governments and the 774 local government...

Rivers Government Drags FG To Supreme Court Over VAT

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The government of Rivers State has taken the federal government to the Supreme Court. The suit was filed by the Attorney-General of Rivers after the...

FIRS, not states should collect VAT —Umahi

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Ebonyi State Governor David Umahi says the state is not in support of Rivers, Lagos and other states in their moves to collect Value...

FG not taking Niger Delta money to the North, Buhari’s aide...

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Senior Special Assistant to the President on Public Affairs, Ajuri Ngelale, on Monday, knocked Rivers State Governor, Nyesom Wike, for being allegedly tribalistic and...