TAXATION

By Niyi Jacobs AS the country battles with economic recession, the director, Tax Policy and Advisory, Federal Inland Revenue Service (FIRS), Mr Peter Ademola Olayemi, has tasked Nigerians on prompt payment of tax as a potent way out of economic recession. He said the most effective way to end the...

As the Federal Government strengthens its revenue generation in non oil & Gas sector, investigation by Busness247 News Online has revealed that 11 banks have paid N99.27 billion in tax at the end f third quarter of 2016. The considered banks had paid N90.16 billion in prior nine months of...

An ex-while president of Chartered Institute of Taxation of Nigeria (CITN)  Mrs Adebimpe Balogun has disagreed  with  the move by the Federal Government to increase Value Added Tax (VAT) from five per cent to ten. Speaking at the eighth Wole Soyinka’s Centre Media Lecture Series, with the theme: “Tax Education,...