Nigeria’s VAT increases by 1.75% in Q1 2023, as manufacturing sector dominates contributions
Nigeria's Value Added Tax (VAT) recorded a quarter-on-quarter increase of 1.75%, rising from N697.38 billion in Q4 2022 to N709.59 ...
Tag: taxes
Revenue Generation: VAT grows by 56% YoY, rises to N512.23 billion
The Nigerian government generated a sum of N512.23 billion as Value Added Tax (VAT) in the second quarter of the ...
Customs says only items imported by the President is exempted from duties, taxes
The Nigeria Customs Service (NCS) has said that only the items imported by the President and Commander in Chief of ...
Nigeria generates N392.8 billion from company income taxes in Q1 2021
Nigeria's company income tax revenue increased by 32.84% year-on-year in Q1 2021.
FIRS to commence recovery of all outstanding tax debts and penalties from January 1, 2021
The FIRS has stated that it shall recover all outstanding debt with penalties and interest from January 1, 2021.
CWG Plc profits in 9M 2020 hit N463.5 million
Profit for the period increased to N463.5 million as of September 2020, from N22.6million recorded in the corresponding period last ...
Taxes to consider before starting a business
Taxes you need to be aware of if you are about to start a business
Lagos State Internal Revenue Service may start using BVN to collect taxes
In a bid to increase revenue, the @lirsgovng is planning to tax you via your #BVN very soon.
This is how much taxes Dangote Cement has paid in the last 5 years
Dangote Cement recently released its 2017 annual report revealing that it made a profit of N204.2 billion compared to N142.8 ...
If you own a side hustle, this is how much tax you could pay
Understandably, majority of income earned from “side hustles” in Nigeria escape taxation. Recently the government announced its intention to enforce ...
