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Money

Taxes On Products Rise By 112%, Hit N3tn – Report

Total taxes on products in the economy rose by 112.02 per cent from N1.43tn in 2019 to N3.03tn in 2022, coinciding with a...

Money

Company Income Tax Receipts Rose By 71.5% Y/Y To N810.2Bn

The recently released Q3-2022 Company Income Tax (CIT) report by the National Bureau of Statistics (NBS) revealed that company income tax receipts totalled...

Money

FIRS Begins Direct Collection Of Taxes From Online Gaming Operators

The Federal Inland Revenue Service (FIRS) has commenced the deduction of taxes at transaction points from Online Gaming Transactions using the Sentinal National...

Insurance World

Nigeria: Taxation Law Change Eases Insurers’ Fiscal Burden

The new Finance Act 2020, signed into law last month by President Muhammadu Buhari, eases the tax burden on the insurance industry, paving...

Economy

Labour Faults Increase In VAT

The Trade Union Congress of Nigeria (TUC) has described increase in the Value Added Tax (VAT) from 5.0 per cent to 7.5 per...

Money

Nigeria’s Company Income Tax amongst Highest in the World, Says Oyedele

Nigeria has one of the highest company income tax rates globally which is a disincentive for business growth, Tax leader, PwC Nigeria, Taiwo...

Economy

Tax underpayment: FG reviews data of 130,000 high net worth persons, companies – Adeosun

The data mining efforts of the Federal Government through the Federal Ministry of Finance has identified a new batch of over 130,000 high...

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