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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...
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...
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...
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...
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...
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...
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...
