The Federal Government of Nigeria is committed to achieving its goal of raising the tax-to-gross Domestic Product (GDP) ratio to 18% within the next three years....
The Lagos State Internal Revenue Service (LIRS) has taken stern action against tax noncompliance, announcing the closure of 34 corporate organizations and 23 hotels for failing...
In a significant testament to its commitment to corporate citizenship and financial responsibility, three subsidiaries of the Dangote Group have revealed that they paid a substantial...
President Bola Tinubu’s administration is set to revolutionize the nation’s tax system. The ambitious plan seeks to redistribute the tax burden, making the wealthy pay their...
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...