Category: Taxation
Tinubu Sets 18% Tax to GDP Target in 3 Years
President Bola Tinubu on Tuesday in Abuja expressed his resolute commitment to break the vicious cycle of overreliance on borrowing for public spending, and the...
In Six Months FIRS Rakes-in Record N5.5 Trillion
Nigeria’s Federal Inland Revenue Service (FIRS) has announced a total tax revenue collection of N5.5 trillion for the half-year period of January to June...
Tinubu Vows To Remove Investment Bottlenecks, Reposition Economy
President Bola Tinubu has assured the manufacturing and service sectors in Nigeria that more reforms will be unfolded to enable efficiency and attract investments....
Free Trade Zones Scheme Generates N35.1bn Customs Duty in 2021 – NEPZA
The Nigeria Export Processing Zones Authority (NEPZA), says that the Free Trade Zones (FTZs) Scheme generated a total of N35.1 billion for government as Customs Duty in...
Buhari Seeks Duty-free Market Access for Least Developed Countries
President Muhammadu Buhari has called on developed and developing nations to grant duty-free and quota-free market access for products originating from the world’s 46...
FIRS Opens 25 New Satellite Tax Offices Across Nigeria
… Officially Launches, Micro And Small Tax Office, Epe, Lagos As part of its goal to bring tax services nearer to the taxpayers and tax paying public, the Federal...
Online Betting: FIRS Deducts Taxes At Transaction Points, Issues Deadline To Operators
The Federal Inland Revenue Service (FIRS) has commenced the deduction of taxes at transaction points from Online Gaming Transactions using the Sentinal National Payment...
NNPC Declares N674bn Profit After Tax For 2021
For the second year in a row, the Nigerian National Petroleum Company (NNPC) Limited on Tuesday declared a profit after tax of N674bn. The Group Chief Executive Officer...
Muhammad Nami’s FIRS: A New Era Of Tax Efficiency
By Queen Onwughalu The innovations and reforms undertaken at Federal Inland Revenue Service (FIRS) by the new tax master, Muhammad Nami, call for a closer look. Since...
