Tag: Tax
FIRS to stop multiple taxation, collect market traders’ VAT
The Federal Inland Revenue Service, FIRS, has begun an initiative to end multiple taxation and collect Value Added Tax, VAT, from Market Traders Association...
MAN knocks FG over 20% tax
The Manufacturers Association of Nigeria under its carbonated soft drinks sub-sector opposed the Federal Government’s proposed 20 per cent ad-valorem excise tax on non-alcoholic...
Nigerians remit N1.23tn in taxes to 36 states – NBS
Data from the States’ Internally Generated Revenue report by the National Bureau of Statistics released recently has revealed that Nigerians across 36 states of...
Company Income Tax generates N532.5 billion in Q1 2022- NBS
The Federal Government through the Federal Inland Revenue Service (FIRS) on generated a sum of N532.48 billion from Company Income Tax (CIT) in the...
FG not making changes to VAT, stamp duty regime in 2021...
Grace Cofie
The Federal Government has annouced that there is no change to be made to the value-added tax (VAT) and stamp duty regime in...
Tax: Lagos, Rivers, others generate N2.33tn from Tax PAYE in three...
About N2.33trn has been earned by the 36 states in Nigeria and the Federal Capital Territory from Pay As You Earn (PAYE) in three...
Tax violation: Lagos govt shuts down Chinese firm, others
A Chinese firm and sixteen hospitality firms were on Monday shut down by the Lagos State Internal Revenue Service (LIRS) over unpaid consumption taxes...
Kaduna Govt locks up branches of commercial bank
Four branches of a commercial bank have been sealed by the Kaduna State Internal Revenue Service for tax Liabilities amounting to N43.3 million.
Reports say...
NLNG gets FG’s ₦20bn tax waiver
A waiver of N20 billion has been granted the Nigeria Liquefied Natural Gas (NLNG) for construction of Bodo Bonny Bridge in Rivers State.
The Federal...
LIRS issues taxpayers deadline to clear outstanding payments
Taxpayers in Lagos State have been informed by the Lagos State Internal revenue Service (LIRS) that they have up to 31st of March, 2021...