The Presidential Committee on fiscal policy and tax reforms chaired by Mr. Taiwo Oyedele has proposed reduction in the personal income tax rate for Nigerians earning less than N2 million monthly and increase the rate for those earning above N5 million.
The IMF has recommended for Nigeria and other developing countries to investigate the revenue potential of personal income tax.
Mr. Bode Agusto has weighed in on the tax evasion and default in payment, according to him, 200,000 wealthy Nigerians are the biggest tax evaders in the country.
A key understanding of the tax regime, which operates in your area of operation, is quite important if you want to establish any business.
Six firms have been sealed for failure to remit N42.68 million Personal Income Tax of their staff to the Lagos state government.
In a bid to increase revenue, the @lirsgovng is planning to tax you via your #BVN very soon.
Personal Income Tax Act (PITA), which is a federal legislation applies within Nigeria’s territorial waters.
FIRS has made it clear to businesses in Nigeria that it is serious about tackling tax evasion.
Let's explain this once and for all.
There are some misconceptions with respect to statutory tax obligations of business owners as well as those in...
The Lagos State Internal Revenue Service (LIRS) recently issued a public notice to all employers, company owners and...
