Tag
TAX
news and stories about tax
Sugar-sweetened beverages (SSB) taxes have emerged as a critical public health policy tool, although their optimal design remains under debate compared to established tobacco and alcohol taxes.
The imposition of a 5% annual tax on private schools in the Federal Capital Territory (FCT) poses a threat to their viability, potentially driving school owners out of business.
The Federal Inland Revenue Service (FIRS) has introduced a self-registration module on the Tax-Pro Max platform as part of reforms towards improving the ease of doing business and matching customer-centric approach.
The Enugu State Government through the Enugu State Internal Revenue Service (ESIRS) has sealed Enugu outlets of ShopRite and SPAR over failure to remit purchase tax in the malls to the government.
The Federal Government aims to implement a 20% tax on Sugar-Sweetened Beverages (SSBs) as a primary measure to...
The Federal Inland Revenue Service (FIRS) has exceeded its 2023 revenue target by an N816 billion, reflecting a 107% performance over the set goal. The total actual revenue collection for the year 2023 stood at N12.37 trillion,
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reform, Taiwo Oyedele has stated that the committee is making recommendations to the state and local governments across the country to suspend “nuisance taxes” that don’t add value to the state’s coffers.
The Lagos state Internal Revenue Service (LIRS) has announced January 31st as the deadline for businesses and individuals to file in their annual tax returns for the year 2023.
President Bola Tinubu has directed the implementation of all recommendations by the Presidential Fiscal Policy and Tax Reform Committee across Ministries, Departments and Agencies (MDAs) of the federal government.
Financial experts have thrown their weight behind the Federal Government's proposal to tax wealthy Nigerians, describing it as a progressive measure that can promote income redistribution and boost the country's fiscal revenues.
Nigeria urged Member States to support the proposed resolution for a global Tax Convention to establish equitable taxation system worldwide.
In the wake of the National Labour Congress (NLC) strike over increasing hardship and suffering caused by the removal of the subsidy, a growing number of Nigerians are advocating for the rich to pay more taxes to fund relief for the masses.