Nigeria has experienced a notable surge in tax earnings from foreign firms, with figures nearly doubling within a year, signaling a significant fiscal boon for the country. This remarkable increase is attributed to the depreciation of the naira, which has…
The Lagos State Governor Babajide Sanwo-Olu has decried the existence of bottlenecks in the nation’s taxation system as an hindrance to the increase in the Internally Generated Revenue (IGR) of the state. Sanwo-Olu made this known when he received members…
Relief has come the way of taxpayers and businesses as the Federal Inland Revenue Service (FIRS) has granted them full waiver on accumulated penalties and interests for outstanding tax liabilities. Chairman of the revenue service, Zacch Adedeji, made the decision…
…ALTON, ATCON plan to increase tariff plans to cover costs …Airtel pays $1.5 million for 1st month …We are working to mitigate the effect — Minister By Blessing Emmanuel, Abuja Telecom Companies under the umbrella of the Association of Telecommunications…
By Seun Ibiyemi The Federal Inland Revenue Service (FIRS) has mandated all shipping companies operating in Nigeria’s territorial waters to regularise their outstanding tax return before 31st December 2023. The service disclosed this in a public statement made available to…
By Omolola Dede Adeyanju The absence of stable, effective and fairly priced electricity supply in Nigeria has been a long-standing challenge for manufacturers. The worrisome development has compelled many manufacturing industries to supplement the unreliable electricity supply with alternative energy…
By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has claimed that the current tax regime in Nigeria is stifling investment. Director of the CPPE,Dr. Muda Yusuf stated this while presenting the organisation’s economic and business environment…
A Development Training Institute, Coinmac International, on Monday advised the Nigerian Government to adopt Geographic Information System (GIS) to improve tax collection in the country. Coinmac Managing Director, Mr Ayo Salam spoke at the opening of a training workshop on…
You have an obligation to register and obtain a Tax Identification Number (TIN). The process involve obtaining application form from nearest FIRS Tax Office close to the registered business address or from the Taxpromax solution on the FIRS website. Both…
The Federal Government has revealed that it has started the implementation of a N10 per litre sugar tax on carbonated sugar drinks and beverages which they say will help combat Non-communicable Diseases. The policy was introduced in the Finance Act…
