Tax
Tax related news
Finance Act: Taxpayers who fail to grant FIRS access to their systems will be fined N25,000 per day
On March 20, 2021, FIRS announced the deployment of the Automated Tax Administration System (ATAS). The initiative was brought pursuant...
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LIRS announces January 31 deadline for filing annual tax returns, to impose penalties, sanctions
The Lagos State Internal Revenue Service (LIRS) has announced January 31, 2022, as the deadline for the filing of annual...
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Tax on international e-commerce may force companies to pass cost to customers – Taiwo Oyedele
The taxation of the digital economy experienced some modification in the 2021 Finance Act which requires that companies restrict VAT...
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Federal Govt introduces 6% tax on international e-commerce like Amazon, Alibaba, others
The federal government has disclosed that it would be charging 6% tax on turnover on e-commerce businesses provided by non-resident...
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Finance Bill 2021: Presidency says TIN not mandatory to operate bank account
A top source at the Presidency has revealed that there are no provisions in the Finance Bill 2021 that makes...
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As the 2021 Finance Bill scales second reading, here are the proposed key changes
The Finance Bill 2021 on Wednesday, scaled second reading in Senate. This followed a presentation of the lead debate by...
Read moreDetailsFEC approves N28 billion for total radar coverage modernisation for NAMA, others
The Federal Executive Council (FEC) has approved 3 contracts to improve operations at two of Nigeria's busiest airports - the...
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N1.8 trillion tax: Tribunal approves MultiChoice’s appeal against FIRS
The Tax Appeal Tribunal, Lagos Zone, has ruled that MultiChoice Nigeria has complied with the conditions for the hearing of...
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Lagos, Kano, Oyo dwarf others as states share N1.84 trillion from VAT revenue
The 36 states of the federation including the Federal CapitalTerritory shared a sum of N1.84 trillion in 3 years as...
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Ondo State Governor presents budget of N191.6 billion for 2022
The Ondo State Governor, Rotimi Akeredolu has presented a fiscal proposal of N191.6 billion for 2022 to the State House...
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