Tag
TAXES
The Dangote Industries Limited (Dangote Group) has disclosed that it paid over N402 billion in taxes in 2024, reaffirming its status as the highest taxpayer in Nigeria.
The 36 states and the FCT collectively generated N2.43 trillion in Internally Generated Revenue (IGR) in 2023, reflecting a 26.03% increase from the N1.93 trillion recorded in 2022, according to the National Bureau of Statistics (NBS) IGR report for 2023.
In 2023, Nigeria was the top recipient of payments from Shell, receiving approximately $4.92 billion. This amount, the highest paid to any government by the oil giant, included company income taxes, fees, royalties, and production entitlements from various projects within Nigeria.
Nigeria's top brewers reported a combined staggering loss before tax of N266.6 billion in the calendar year of 2023, marking a disastrous year for investors in these companies.
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 billion in the first quarter of 2023.
The Nigerian government generated a sum of N512.23 billion as Value Added Tax (VAT) in the second quarter...
The Nigeria Customs Service (NCS) has said that only the items imported by the President and Commander in...
Nigeria's company income tax revenue increased by 32.84% year-on-year in Q1 2021.
The FIRS has stated that it shall recover all outstanding debt with penalties and interest from January 1, 2021.
Profit for the period increased to N463.5 million as of September 2020, from N22.6million recorded in the corresponding period last year.
Taxes you need to be aware of if you are about to start a business
In a bid to increase revenue, the @lirsgovng is planning to tax you via your #BVN very soon.