FG grants N1.8 trillion tax incentives in 2022
The Federal Inland Revenue Service (FIRS) granted various tax incentives that amounted to N1.81 trillion in the 2022 financial year, an official report has shown. PREMIUM TIMES reports. In…
We’re moved to increasing tax on beverages from 10% to 20% — FG
In a bid to combat the rising public health concerns associated with excessive sugar consumption, the Federal Ministry of Health has expressed commitment to increase the tax on…
Top 15 Nations with Progressive Tax Systems
A progressive tax system is one in which the tax rate increases as the taxable amount increases. In other words, higher income individuals or corporations pay a higher…
Top 15 Tax-Heavy Countries
Taxation policies and rates vary significantly across countries. Some nations impose relatively low taxes, while others have very high tax rates. This allows them to fund substantial government…
Lagos Sues MC Oluomo’s Ex-lover, Ehi Over Tax Evasion
The Lagos State Government has charged the former lover of Lagos transport union leader Musiliu Akinsanya aka MC Oluomo, Ehi Ogbebor with failure to file tax returns. NAIJA…
Iyabo Ojo in trouble with Lagos govt over tax issue
Nollywood actress Iyabo Ojo has continued to battle trolls on social media following her face-off with the Lagos State government which has ordered her to pay the sum…
“Wrong Timing”: Experts Warn As FG Sets To Implement 5 New Taxes Covering Telecoms, Beverage, Cars
The Federal Government of Nigeria is set to impose new taxes on beverages, telecommunication, and vehicle importation, among others. LEGIT NEWS reports. One of the taxes that raised…
Nigeria Calls For Fair International Tax Practices at United Nations ECOSOC
Nigeria has called on the United Nations and the International Tax Community to forge an inclusive, equitable, fair, and universally beneficial international tax system.Information Guide Nigeria According to…
WhatsApp, USSD to be used for tax payment – KADIRS
The Kaduna State Internal Revenue Service (KADIRS) has said that it will deploy WhatsApp, and the Unstructured Supplementary Service Data (USSD) service, to enhance the less cost-effective payment…
Companies pay N11.5tn tax under Buhari – Report
The Federal Government has collected N11.5 trillion in taxes from business organisations during the administration of Major General Muhammadu Buhari (retd), according to findings by The PUNCH.Information Guide…