VAT revenue drops by N36.82bn in Q3
the total revenues from Value Added Tax (VAT) dropped by N36.8 billion to N275.12 billion in the third quarter
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TAXATION
Senate approves 7.5 % VAT increase, six other taxes
The Nigerian Senate has passed the Finance Bill, which seeks to amend seven Acts of the National Assembly relating to
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Reps Committee asks FIRS to return N4.6bn to FCT
The House of Representatives Committee on Public Account has asked the Federal Inland Revenue Service (FIRS) to return N4.6 billion
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Nigeria loses $15bn to tax evasion yearly- Fowler
The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler, has said that the Nigeria loses about $15
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FG says no going back on increase of VAT to 7.5%
The Federal Government has restated that there was no going back in the increment of Value Added Tax (VAT).
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Nigeria will not progress without taxation – CITN
Mrs Olajumoke Simplice, President, Chartered Institute of Taxation, Nigeria (CITN), has said that Nigeria will not progress without effective taxation
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Proposed VAT increase will impact more on urban communities, wealthier population — minister
Mrs Zainab Ahmed, the Minister of Finance, Budget and National Planning says the proposed Value Added Tax (VAT) increase
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FIRS’s revenue collection in states rises by 46.99%
Data released by the Federal Internal Revenue Service (FIRS) on Thursday has revealed that its revenue generation from the
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Nigeria’s Company Income Tax amongst highest the world over – Oyedele
Nigeria has one of the highest company income tax rates globally which is a disincentive for business growth, Tax leader,
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VAT: Experts advocate efficiency, transparency in tax collection
Some economists and trade experts have advised the Federal Government to ensure efficiency, transparency and probity in the collection
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