The agency has announced a significantly huge amount it collected as tax for the month of July.
The innovation is part of the agency's ongoing reforms to align the country’s tax system with global standards.
The total tax collection in the second quarter of 2020 increased by 8.2%
This disclosure was made through a series of tweet posts by NIPOST.
Following the confusion over the recently introduced stamp duty, an expert clarifies what is expected.
Wabba urged the government to reverse the policy, as Nigerians are still battling the COVID-19 fallouts.
Nami listed at least 50 types of transactions that are eligible for stamp duty deductions.
FIRS had announced that stamp duty will be paid on house rent and C of O.
FIRS explained that the new policy was necessary so as to give the instruments the legal backing required.
These tier-1 banks may be entitled to tax exemptions in Q2 2020.