Tax committee proposes reduction in personal income tax for Nigerians earning less than N2 million monthly
The Presidential Committee on fiscal policy and tax reforms chaired by Mr. Taiwo Oyedele has proposed reduction in the personal ...
Tag: Personal Income Tax
News and analysis about Personal Income Tax
IMF urges Nigeria, poorer countries to explore untapped potential of personal income tax
The IMF has recommended for Nigeria and other developing countries to investigate the revenue potential of personal income tax.
Agusto says tax evaders are wealthy people in Nigeria
Mr. Bode Agusto has weighed in on the tax evasion and default in payment, according to him, 200,000 wealthy Nigerians ...
Taxes you should be aware of before starting a business in Nigeria
A key understanding of the tax regime, which operates in your area of operation, is quite important if you want ...
Six firms face LIRS sanction over non-remittance of N42.68 million Income Tax
Six firms have been sealed for failure to remit N42.68 million Personal Income Tax of their staff to the Lagos ...
Lagos State Internal Revenue Service may start using BVN to collect taxes
In a bid to increase revenue, the @lirsgovng is planning to tax you via your #BVN very soon.
Individuals working on the Nigerian offshore oil-drilling platforms – Who gets the tax?
Personal Income Tax Act (PITA), which is a federal legislation applies within Nigeria’s territorial waters.
FIRS could seal your office if you get these two notices
FIRS has made it clear to businesses in Nigeria that it is serious about tackling tax evasion.
Who pays for Value Added Tax and Withholding Tax?
Let's explain this once and for all.
Personal Income Tax – What does this mean to me?
There are some misconceptions with respect to statutory tax obligations of business owners as well as those in paid employment. ...
