FIRS: Exporting a success story to the Commonwealth
BY JOHANNES OLUWATOBI WOJUOLA At about 11 am, on Friday, 12 November 2021, there was a buzz among tax aficionados: Muhammad Nami, the Federal Inland […]
tax
Obi Cubana released from EFCC custody, may face trial
ABUJA – Top businessman, Obinna Iyiegbu aka Obi Cabana, on Thursday night left the headquarters of the Economic and Financial Crimes Commission after spending three […]
EFCC: Why Obi Cubana is still with us
The interrogation of socialite and businessman, Obinna Iyiegbu aka Obi Cabana, entered the third day on Wednesday, without any hint of when he would perfect […]
FIRS proposes road infrastructure tax for informal sector
ABUJA – The Federal Inland Revenue Service (FIRS) says it is proposing the introduction of road infrastructure tax in Nigeria, to make the informal sector […]
FIRS boss seeks value for taxpayers’ money
ABUJA – Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, has called on governments at all tiers to ensure that tax-compliant citizens […]
VAT: Wike, FG and authority stealing, By Azu Ishiekwene
The guns of Nigeria’s three-year civil war were silenced 51 years ago, but in the battle for a truly federal state, the echoes of warfare […]
FG spent 91% of revenue on debt servicing in 6 months
The Federal government spent N2.02 trillion on debt servicing in the first six months of this year. This figure represents 90.5 per cent of the […]
Dangote, MTN others to build 794km road with tax credit – FG
The Federal Government says about 794kms of road have been priotised for construction by eligible companies through Road Infrastructure Development and Refurbishment Investment Tax Credit […]
FIRS out with online, naira tax-filing platform
ABUJA – As part of its efforts at modernising tax administration in the country, the Federal Inland Revenue Service (FIRS), has introduced a new Tax […]
Fuel Marketing Companies’ Revenue Decline By N331.54bn
Five of the major oil marketing companies in the country saw their total revenue plunge by N331.54bn last year amid the impact of the COVID-19 […]
FIRS Still in Charge of Stamp Duties Collection
The Federal Inland Revenue Service (FIRS) has debunked news reports which claimed that the Finance Act 2020 has stripped it of Stamp Duty collection functions […]
UK plans to tax firms that profited from pandemic: Sunday Times
Abuja (Sundiata Post) – Britain plans to tax retailers and tech companies whose profits have soared during the COVID-19 pandemic, the Sunday Times reported, citing […]
Nigerian Breweries Sealed Off Over N169 Million Tax Liabilities
The Nigerian Breweries (NB) Plc depot in Akure has been sealed off. The order for the sealing was given by an Ondo State High Court […]
Debt servicing, greatest risk to Nigeria’s economy – Adesina
The African Development Bank has projected a growth rate of 1.5 per cent for Nigeria in 2021, and a 2.9 per cent growth in 2022. […]
Buhari Orders MDAs, Others to Grant Access to FIRS for Tax Collection
President Muhammadu Buhari has mandated ministries, departments, agencies and business enterprises to grant access to the Federal Inland Revenue Service (FIRS) to their systems for […]
GTBank Sealed for Owing Millions In Tax
Guaranty Trust Bank offices in Uyo have been sealed. According to NAN, the affected offices are two branches in Uyo. The offices were sealed by […]
Poor tax remittances weaken our economy, says SGF
He spoke at the second civil society tax compliance advocacy workshop organised by the Initiative for Leadership and Economic Watch in Nigeria, on Monday in […]
Income Tax Revenue Lags Behind Fed Govt Projections
Amidst various pressures on the Federal Government’s finances and 2020 budget’s revenue estimates, an indication has emerged that the government has already recorded a 25.3 […]
Fed Govt Considers Another Tax Exemption For Small Businesses
The exemption of small businesses from the payment of tertiary education tax has been proposed in the draft Finance Bill 2020. This was disclosed by […]
Lafarge, Dangote Sinotrucks, 35 Others Enjoy Three-year Tax Holidays
Lafarge Africa Plc, Honeywell Flour Mills Nigeria Plc, Dangote Sinotrucks West Africa, and 34 other firms have been identified as companies currently enjoying Pioneer Status […]