Tax
NNPCL to Prepay Future Royalties and Taxes in $3.3bn Financing Deal with Afreximbank
The Nigerian National Petroleum Company Limited (NNPCL) has revealed its intention to prepay future royalties and taxes to the Federal...
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Presidential Committee Advocates Suspension of Low-Revenue ‘Nuisance Taxes’ in Collaboration with State Governors
The Presidential Committee on Fiscal Policy and Tax Reforms is in talks with state governors to seek an agreement for...
Read moreFIRS suspends Implementation of VAT guidelines Simplifies Compliance Regime for Non-Resident Suppliers of Low-Value Goods
The Federal Inland Revenue Service (FIRS) has officially announced the postponement of the implementation guidelines for the value-added tax (VAT)...
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FIRS Partners EFCC to Boost Tax Compliance
Chairman of the Federal Inland Revenue Service (FIRS), Mr. Zacch Adedeji, has emphasized the need for collaboration between FIRS and...
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FIRS Unveils Robust Plans to Tackle Tax Evasion and Boost Revenue Generation
In a concerted effort to address the challenges faced by SMEs and foster an enabling environment for businesses in the...
Read moreFIRS Directs Foreign Shippers to Adhere to Tax Laws to Boost Revenue
The Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has issued a directive to foreign shipping companies, urging...
Read morePresidential Panel Plans To Reduce Tax Complexity And Informal Taxes
Mr. Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has expressed his intention to streamline...
Read moreOnly 40m Nigerians pay tax – RMAFC
Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Mohammed Bello Shehu, has disclosed that, out of Nigeria's population...
Read moreFIRS Records N8.5 Trillion in Tax Revenue Over 9 Months
Outgoing Federal Inland Revenue Service (FIRS) Chairman, Mr. Muhammad Nami, announced on Monday that the agency successfully generated N8.5 trillion...
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Tax Revenues: Q2-23 CIT and VAT Collections Soar in Nigeria
Recent data from the National Bureau of Statistics (NBS) reveals a significant increase in Company Income Tax (CIT) collections in...
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