Sub-Saharan African countries have been advised by the International Monetary Fund (IMF) to tackle their fiscal deficits by focusing on eliminating tax exemptions and bolstering domestic...
Calls for Fairness, Transparency, and Seamless Tax Process to Attract Investors
The Federal Inland Revenue Service (FIRS) announced that it successfully increased Nigeria’s tax-to-Gross Domestic Product (GDP) ratio from 6.0 percent to 10.86 percent in 2022. The...
Dangote Industries Limited (DIL) has made substantial contributions to the revenue of the Federal Government, remitting a total of N474 billion in taxes over the course...
Government revenue experienced a significant surge in the second quarter (Q2) of 2023, with taxes collected from both companies and consumers increasing by 96.11% to N2.31tn....
The Nigeria Customs Service (NCS) has officially commenced the application of Value-Added Tax (VAT) on Automobile Gas Oil (AGO), commonly known as diesel, imported into the...
The Federal Ministry of Health has announced its unwavering commitment to doubling the tax on Sugar-Sweetened Beverages (SSBs). The current tax rate of 10 percent is...
Google, Netflix, Facebook, and other foreign tech giants have significantly bolstered Nigeria’s revenue coffers, contributing N1.98tn in taxes over the course of 15 months. This figure...
The Federal Government has unveiled plans to reintroduce the National Tax Amnesty Scheme. This announcement was made via an official statement released on Thursday and signed...
The Nigerian Liquified Natural Gas company has reached out to President Tinubu, urging him to take decisive action in addressing the persistent sabotage of oil pipelines...