FG adds 20 food items, pads, others to VAT exemption
The Federal Government has included 20 basic food items, locally manufactured sanitary towels, pads and tuition fees relating to nursery,
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TAXATION
Tax expert urges Nigerians to support new Finance Act
A Taxation Expert, Mrs Morenike Babington-Ashaye, has advised Nigerians to support the full implementation of the Finance Bill 2019 signed
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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
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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
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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
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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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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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