Tax
Tax related news
FIRS tightens noose on deduction of stamp duty, CIT, others
FIRS has tightened regulations regarding payments of Stamp Duty, Withholding Tax and Company Income Tax .
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FIRS’ Nami doubtful of meeting Buhari’s revenue target, runs to Lagos for help
The Executive Chairman of FIRS, Muhammed Nami, said FIRS might not be able to meet the N8.5 trillion revenue target set by...
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FIRS boss, Nami discloses why FIRS failed to meet revenue target under Fowler
The reasons the FIRS failed to attain its tax revenue projections under former Executive Chairman, Babatunde Fowler, have been disclosed by...
Read moreDetailsFIRS moves to stop tax evasion with newly launched intelligence system
In a bid to track all tax evaders and defaulters in the country, the FIRS has launched a national intelligence gathering...
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Businessman who alleges fraud in a N170 million FIRS contract, creates scene in court
The MD of Citadel Oracle Concepts Ltd, Benjamin Joseph, reportedly cried and rolled on the floor of a courtroom, after he was denied a...
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Petrol: Fuel marketers call for increase in margins
Reports state that fuel marketers under the aegis of MOMAN and IPMAN have called on the FG through the PPPRA...
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FG exempts tuition fees, basic food items, others from 7.5% VAT
FG has exempted about 20 basic food items and some other transactions/items from the new 7.5% Value Added Tax (VAT)...
Read moreDetailsFIRS redeploys 50 directors in massive shakeup
About 50 directors, deputy directors, and assistant directors have been redeployed by the new Executive Chairman, FIRS, Muhammad Nami. The move...
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Air travellers may soon witness fare hike due to VAT increase
Air travelers in Nigeria should brace themselves for a significant increase in the amounts they will be paying for air...
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LCCI, NECA warn FG on endangering productivity of Nigerians
The organized private sector and other stakeholders have warned FG against endangering the productivity of Nigerians with the new Finance...
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