Income tax revenue stood at N1.41 trillion in 2020, indicating a 13.35% decline.
Total company income tax generated increased by 3.48% in Q3 2020, compared to N402.03 billion recorded in Q2 2020.
The IGR generated by the 36 states including the FCT in the first half of the year, dipped by 11.7%.
FG had raised the value-added tax rate as a way to increase government revenue.
Companies that have social media platforms operational in Nigeria will now have to pay tax.
The Federal Inland Revenue Service (FIRS) has said that the implementation of the Finance Act would lead to richer Nigerians paying more taxes in the country.
The Federal High Court has struck out MTN Nigeria's lawsuit against the Attorney General of the Federation, Abubakar Malami.
WEMPCO Steel Mill Limited is close to shutting down after the Federal Inland Revenue Service (FIRS) placed a lieu on the company’s account. #WEMPCO #FIRS
Sam Egube has disclosed that Lagos state would expand its tax net, which is considered too low for its population size, to fund the 2020 budget