Senate Wants FG to Increase Tax on Luxury Goods
Senate Wants FG to Increase Tax on Luxury Goods The Senate has asked the Federal Government to consider increasing taxes on luxury goods and services…
tax
IMF Urges FG to Remove Tax Incentives, Reform VAT
IMF Urges FG to Remove Tax Incentives, Reform VAT The International Monetary Fund has urged the Federal Government to eliminate tax incentives and reform Value…
FIRS Plans to Recover N750bn from 55,000 Millionaires
FIRS Plans to Recover N750bn from 55,000 Millionaires The Federal Inland Revenue Service (FIRS) has announced plans to recover about N750 billion from 55,000 millionaire…
14 Banks to Pay N103bn in Taxes for 2018
14 Banks to Pay N103bn in Taxes for 2018 The fourteen commercial banks listed on the Nigerian Stock Exchange will pay a total of N103…
FIRS Refutes 50% Tax Increase
FIRS Refutes 50% Tax Increase The Federal Inland Revenue Service (FIRS) has refuted the widely published report that the agency is planning to increase Value…
Nigeria Needs to Reduce Tax Compliance Costs
Nigeria Needs to Reduce Tax Compliance Costs – PwC PwC Nigeria has said the deployment of technology will help Nigeria to reduce tax compliance costs…
FG Mulls 50% Hike in VAT, Others to Pay Minimum Wage
FG Mulls 50% Hike in VAT, Others to Pay Minimum Wage Minister of Budget and National Planning, Senator Udo Udoma, and the Chairman of the…
FG Considering Upward Review of VAT to Fund National Minimum Wage
FG Considering Upward Review of VAT to Fund National Minimum Wage The federal government has made known its intention to upwardly review the Value Added…
Telecoms Operators Decry Multiple Environmental Taxes
Telecoms Operators Decry Multiple Environmental Taxes Telecoms operators under the aegis of the Association of Licensed Telecommunications Operators of Nigeria are lamenting the huge tax…
China to Cut VAT by 3% for Manufacturers
China to Cut VAT by 3% for Manufacturers The world’s second-largest economy China is planning to cut Value Added Tax (VAT) by 3 per cent…