NNPCL pays government N1.17 trillion in taxes and royalties in 2023
The Nigerian National Petroleum Company Ltd (NNPCL) incurred a total of N2.69 trillion as tax in the full year 2023.
Tag: TAX
news and stories about tax
Lagos plans to get N200 billion annually from taxing remote workers
The Lagos State government has unveiled an ambitious plan to generate N200 billion annually by expanding its income tax base ...
Nigerian Banks incur N575.168 billion in taxes in 2023 as FG plans 50% Windfall tax
In 2023, eleven Nigerian banks incurred a total of N575.168 billion in taxes, marking a significant 175% increase compared to ...
KPMG faults FG’s 50% windfall tax, says legal disputes may arise
Global tax and advisory service firm, KPMG Nigeria has criticised the 50% windfall tax on the bank’s foreign exchange revaluation ...
FG considering temporary suspension of N10 sugar tax on beverage manufacturers
The federal government is currently looking into a temporary suspension of the N10 tax on Sweetened Sugar Beverages (SSBs) as ...
FIRS records 170,000 new tax payers, 20% increase in compliance
The Federal Inland Revenue Service (FIRS) says tax collection in the first quarter of the year increased by 56% to ...
Kenya’s President bows to pressure, withdraws controversial finance bill
Kenyan President William Ruto, on Wednesday withdrew proposed tax increases contained in the controversial finance bill 2024 in response to ...
Companies pay less tax in the first quarter of 2024 as economy worsens
A review of the recently released Company Income Tax (CIT) report for the first quarter of 2024 reveals that income ...
FIRS partners UNDP, OECD to launch Tax Inspectors Without Borders Program
The Federal Government, in partnership with the United Nations Development Program (UNDP) and the Organisation of Economic Co-operation and Development ...
Cybercrime levy: No country can tax its way to prosperity – KPMG
Global tax and advisory firm, KPMG has criticized the federal government and Central Bank of Nigeria (CBN) on its move ...
