Tags Tax

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FRC Boss Tasks Nigerians On Fiscal Responsibility

Chairman of Fiscal Responsibility Commission (FRC), Mr Victor Muruoka, has said the macro- economic sustainability of Nigeria will only improve if its...

FIRS To Spend N2.8bn On Uniforms, N550m On Meals

The Federal Inland Revenue Service has earmarked the sum of N2.8bn for “uniforms and clothing” for the year 2022.

Tax Reliefs Deprive FG Of N5.16tn in 12 Months

The Federal Government lost about N5.16tn to tax reliefs granted on Value Added Tax, Company Income Tax and Petroleum Profit Tax in...

Banks Pay N80.2bn Taxes To FG In H1

The federal government, in continuation of its aggressive revenue drive, was able to reap N80.2 billion in taxes from banks in the...

Despite aggressive revenue drive, FG suffers N1.4tn shortfall

Between January and May 2021, the Federal Government recorded a revenue shortfall of N1.4tn, an analysis of the Medium Term expenditure framework...

FG Widens Revenue Base, Plans Taxes For Global Tech Giants

Vice President Yemi Osinbajo has revealed that Nigeria is set to utilise the country’s legal provisions that empower the Federal Government to...

Insurance Industry Assets Now N2.02trn

Insurance companies’ gross written premium rose to N520bn as of the end of 2020, while their assets hit N2.02tn as the sector...

Nigeria Loses N100bn Annually To Tax Related Fraud

Key professionals in the country’s tax industry have disclosed that the country loses about N100 billion annually to tax related fraud.

CITN Offers Govt Solutions To Improve Tax System

The new President, Chartered Institute of Taxation of Nigeria, Adesina Adebayo, has said that the institute will offer perspectives in addressing issues...

Lagos Generated N418bn Tax Revenue In 2020

Lagos state government generated a total of N418 billion in tax revenues despite the COVID-19 pandemic and its socio-economic impacts in 2020.

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