Tax
Tax related news
FIRS generates N5.5trillion in the first half of the year
The Federal Inland Revenue Service (FIRS) has reported a tax revenue collection of N5.5 trillion between January and June of 2023.
Read moreDetails
Namibia imposes tax on Cryptos and NFTs
Namibia has just made a significant move by imposing a tax on digital assets, cryptocurrencies, and VASPs.
Read moreDetails
FIRS “partly” extends submission of Companies Income Tax returns for 2023 year of assesment
Nigeria’s Federal Inland Revenue Service, FIRS, announced that it has extended the due date for submission of Companies' Income Tax...
Read moreDetails
Suspension of 5% excise duty on telecoms industry will likely be lifted in the future – Taiwo Oyedele
The Fiscal Policy Partner and Africa tax leader at PwC, Mr. Taiwo Ayodele has stated in an interview with Nairametrics...
Read moreDetails
Tinubu suspends 5% telecom tax, vehicle import tax, as he signs 4 Executive Orders
President Bola Tinubu on Thursday ordered the suspension of the 5% excise duty on telecommunications as well as the Import...
Read moreDetails
FG announces plan to recover N553 billion in unremitted petroleum shipping taxes
The Nigerian Government revealed that it plans to recover N553 billion in unremitted taxes owed by international petroleum shipping companies...
Read moreDetails
FIRS-MATAN VAT Direct Initiative: Market traders will have VAT exemptions – Taiwo Oyedele
The Fiscal Policy Partner and Africa Tax Leader at PwC, Mr Taiwo Oyedele, stated that market traders under the VAT...
Read moreDetails
FG announces plans to collect VAT from market traders, informal sector
FG partnering with MATAN to collect and remit Valued Added Taxes from their members, especially those in the informal sector.
Read moreDetails
FAAC: Excess crude account now $473, 000 as FG, States and LGAs share N786.161 billion
Gross revenue from the Value Added Tax (VAT) was N270.197 billion, Which was higher than the N217.743 billion available in...
Read moreDetails
FCT-IRS warns contractors in Abuja not to remit withholding tax to wrong tax jurisdiction
The FCT-IRS, the internal revenue generating agency for Nigeria’s Federal Capital Territory (FCT), has urged Ministries Departments and Agencies (MDAs),...
Read moreDetails
