Nigeria to Exempt Companies Trading Raw Food Items from Tax
Adedapo Adesanya By Adedapo Adesanya Companies trading in raw food items would soon be exempted from tax, the Chairman of…
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FIRS Targets N25trn Tax Revenue in 2024
By Adedapo Adesanya The Chairman of the Federal Inland Revenue Service (FIRS), Mr Muhammad Nami, has projected that…
FIRS Collects N5.5trn Tax Revenue in First Half of 2023
By Adedapo Adesanya The Federal Inland Revenue Service (FIRS) said it generated N5.5 trillion as tax revenue in…
FIRS Designs Scheme for VAT Remittance from Informal Sector
Modupe Gbadeyanka By Modupe Gbadeyanka The need to expand the country’s tax net and generate more revenue for the government…
FIRS, LIRS Establish Joint Tax Audit to Cut Tax Compliance Costs
Aduragbemi Omiyale By Aduragbemi Omiyale A joint tax audit aimed to reduce tax compliance costs, thereby enabling ease of doing…
Nigeria Upgrades Tax-to-GDP Ratio to 10.86% From 6%
By Modupe Gbadeyanka The National Bureau of Statistics (NBS) has disclosed that Nigeria’s tax to Gross Domestic Product…
Nigeria Needs Efficient Tax Refund System—PwC
Dipo Olowookere By Dipo Olowookere The federal government has been advised to consider implementing a proper tax refund system to…
FIRS, LIRS Partner to Reduce Compliance Costs for Taxpayers
By Aduragbemi Omiyale A partnership aimed to reduce compliance costs for taxpayers in Nigeria has been entered into…
FIRS Collects Record-Breaking N10.05trn Tax in 2022
By Adedapo Adesanya The Federal Inland Revenue Service (FIRS) has announced that it collected over N10 trillion in…
VAT Should be on Exclusive List—El-Rufai
By Adedapo Adesanya The Governor of Kaduna State, Mr Nasir El-Rufai, has yet again urged the National Assembly…