Tax
Tax related news
We support the government on windfall tax- Tony Elumelu
The Chairman of United Bank for Africa (UBA), Mr. Tony Elumelu has rendered his support for the recently passed windfall...
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Otedola announces support for windfall tax, urges banks to curb private jet expenses
The Chairman of FBN Holdings and acclaimed strongman of the financial and capital markets, Femi Otedola has thrown his weight...
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Lagos plans to generate N375 billion per annum from land use charge payment
The Lagos state government has unveiled plans to generate N375 billion annually from Land Use Charge (LUC) payments from residents...
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Lagos plans N500 entertainment tax, eyes N20 billion annual revenue
The Lagos State Government may implement a N500 entertainment tax, aiming to generate an annual revenue of up to N20...
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Lagos plans to get N200 billion annually from taxing remote workers
The Lagos State government has unveiled an ambitious plan to generate N200 billion annually by expanding its income tax base...
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United Nations Development Programme supports Nigeria in tackling tax crimes amid reforms
The United Nations Development Programme (UNDP) has stressed that Nigeria needs to adopt a coordinated approach to effectively tackle tax...
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Proposed 5% levy on companies for community project might lead to exits – Afrexim Bank
A new report by Afrexim Bank states that the proposed 5% tax on companies earning over N100 million for community...
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Windfall tax: FG collecting taxes on already reported profit could deter future investment – PwC
Tax and Advisory Service firm, PricewaterhouseCoopers (PwC) has stated that the federal government’s latest legislation to tax already reported profits...
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Nigerian Banks incur N575.168 billion in taxes in 2023 as FG plans 50% Windfall tax
In 2023, eleven Nigerian banks incurred a total of N575.168 billion in taxes, marking a significant 175% increase compared to...
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KPMG faults FG’s 50% windfall tax, says legal disputes may arise
Global tax and advisory service firm, KPMG Nigeria has criticised the 50% windfall tax on the bank’s foreign exchange revaluation...
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