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National Tax Policy

CITN: Apathy causes outcry against new tax regime

The President of Chartered Institute of Taxation of Nigeria (CITN), Dame Olajumoke Simplice, has blamed Nigerians’ outcry against the new tax regime on long period of apathy and lack of focus to make taxation the bedrock of government’s revenue mobilisation.
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Sports betting: Dangerous trend or reward for passion?

Many Nigerian football supporters and enthusiasts have greeted the new football season in major European countries with excitement and anticipation.
President Buhari receiving Report of the Technical Advisory Committee on the Implementation of the National Minimum Wage in State House on 25th Mar 2019 2

President Buhari: Imbibing new tax culture will boost Nigeria’s economy

President Muhammadu Buhari, Tuesday in Abuja, said the Federal Government will continue to sensitize and encourage Nigerians to cultivate the culture of paying taxes by ensuring fair implementation policy and effective utilisation of resources.

Experts: VAT increment will further worsen Nigerians’ situations

A notice by Minister of Budget and National Planning, Senator Udoma Udo Udoma and Executive Chairman of Federal Inland Revenue Service (FIRS) Mr. Babatunde Fowler of government’s intention to raise the rate of value added tax (VAT) before the end of 2019 is presently causing ripples among various categories of Nigerians.

Tunde Fowler: FIRS generates N4.3 trillion tax revenue from January to October

The Federal Inland Revenue Service on Friday said it generated N4.3 trillion as tax revenue between January and October this year.

FRSC: Multiple taxation does not exist in Nigeria

The chairman of the Federal Inland Revenue Services (FIRS), Babatunde Fowler, says multiple taxation does not exist in Nigeria.

FEC approves N1.6 billion to procure 68 vehicles customs

The Federal Executive Council presided over by President Muhammadu Buhari approved the sum of N1,550,187,713.00 for the procurement of 68 brand new Ford Pick up operational vehicles for Nigeria Customs Service (NCS).

FIRS: Federal government to harmonise tax payment nationwide

The Federal Inland Revenue Service (FIRS) says it has started harmonising taxes in Nigeria as part of moves to reduce cases of multiple taxation.

Lagos state and the politics of taxation

The government of Lagos state seems to be currently in the eye of the storm over its introduction of a law, a property tax as it were, known as the Land Use Charge Act of 2018, which repeals a similar law of 2001, and consolidates ground rent, tenement rate, and neigbourhood development levy.

Minister Kemi Adeosun seeks global cooperation against tax-evading multinationals

Nigeria’s Minister of Finance, Kemi Adeosun, has called for the designation of tax malpractices by multinational corporations in Nigeria and other developing countries as ‘foreign corrupt practices’.

Federal govt collating foreign bank accounts, assets of Nigerians – Kemi Adeosun

The Federal Government has commenced Automatic Exchange of Tax Information (AETI), on overseas assets held by Nigerians.

Tax default: Federal govt, UK exchange data on assets owned by Nigerians

The federal government and some foreign countries including the United Kingdom, have started the automatic exchange of tax information (AETI), on overseas assets owned by Nigerians.

2018 budget: Lagos chamber commends 30.8% capital projects allocation

The Lagos Chamber of Commerce and Industry (LCCI) has commended the Federal Government for allocating 30.8 per cent of the 2018 Federal Budget to capital projects.

Abuja chamber lauds improved tax system in Nigeria

The Abuja Chamber of Commerce and Industry (ACCI) says improved tax system is vital for sustained economic growth and development of the country.

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