It is inappropriate to compel loss-making firms to pay tax – LCCI
The Lagos Chamber of Commerce and Industry (LCCI) has expressed concern over the 2019 Finance Bill signed into law
Read More
TAXATION
2020 Budget Implementation: LIRS to generate N500bn
The Lagos State Internal Revenue Service (LIRS) is to generate N500 billion toward the implementation of the 2020 budget, the
Read More
FIRS gives 7 days notice to tax defaulters
The Federal Inland Revenue Service (FIRS) has served a seven-day notice to tax defaulters across the country. The Head, Communications
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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).
Read More
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
Read More
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
Read More