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PETROLEUM PROFIT TAX

News and analysis about Petroleum Profit Tax

Any contractor that is unable to present evidence of tax payment to the Federal Inland Revenue Service (FIRS)...
Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler, disclosed yesterday that the Nigerian National Petroleum Corporation...
The Federal Government has said that 363,000 companies doing business in Nigeria have never paid tax. Minister of...
Chairman of the Federal Inland Revenue Service (FIRS) Babatunde Fowler on Monday, announced that the agency is targeting...
The Chartered Institution of Taxation of Nigeria (CITN), has said that Nigerians should not expect the economy to...
Lagos State Internal Revenue Service (LIRS) has shut 13 companies for failure to remit N33.78 million Personal Income...
The Lagos State Internal Revenue Service (LIRS) has sealed six companies for failure to remit N18.73 million personal income...
The Joint Tax Board (JTB) is proposing the commencement of joint audits by the FIRS and state tax...
The Governor of Lagos State, Mr. Akinwunmi Ambode has appointed Mr. Olufolarin Ogunsanwo as the new Chairman, Lagos...
Acting Chairman of the Federal Inland revenue Service, FIRS, Mr. Tunde Fowler, has said that consultants will not...
The Nigeria National Petroleum Cooperation (NNPC) has begun the process of recovering over $7 billion in over-deducted tax...
A startling revelation was made at the weekend with the reported loss of N577billion (about $2.9 billion)  Nigeria...