FAAC: FG, States, LGAs share N906.96 billion October 2023 revenue
The Federation Account Allocation Committee (FAAC) says it shared N906.96 billion among the three tiers of government for October 2023.
Tag: Petroleum Profit Tax
News and analysis about Petroleum Profit Tax
Oil: Nigeria makes N5.4 trillion in 1 year
The Economic report of the CBN has revealed that the country earned N5.37 trillion from the sale of oil between August ...
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.
Taxation of entertainers and sportsmen in Nigeria – What, how and where?
Nairametrics| It is trite that around the world, entertainers and sportsmen are some of the highest paid individuals. Their sources ...
World Bank Is Asking FG to Increase Taxes in Order to Service Debts
Will Nigerians take that lightly?
FHC Ruling On ₦50 Stamp Duty On Bank Deposits Explained
Deloitte| A Federal High Court (FHC) on 13 March 2017, delivered a judgment on the validity of the circular issued ...
Analysis: Are Expenses Incurred Outside Nigeria Tax Deductible?
Tax Deductibility Of Expenses Incurred Outside Nigeria: Are Days Of Arbitrary Awards Over? The increased pace of globalisation has not ...
Accounting For VAT in Nigeria – Cash or Accrual Basis?
The Value Added Tax Act (VATA or the Law), 2007 governs the administration of VAT in Nigeria. VAT is levied ...
6 Key Clarifications On The FIRS Tax Amnesty Program (Updated)
New Update Subsequent to our recent tax alert on the ongoing tax amnesty, we have received further update from the FIRS regarding ...
