Tax

 Strongest quarterly performance in profit before tax of Kshs.22.9 billion in history of the organization, exceeding the quarterly average for the last four years of Kshs.14.8 billion.  Strong recovery of transforming…

The House of Representatives has adopted the report of its Finance Committee on the Four Tax Reform Bills. This followed clause by clause consideration of all relevant amendments on the bills at the Committee of the Whole.…

L-R: Equity Bank Kenya Managing Director, Moses Nyabanda, Equity Group Managing Director and CEO, Dr. James Mwangi and Equity Group Chief Internal Auditor, Beth Kithinji, during the Q3 2024 Investor Briefing event. Equity Group Holdings has…

Photo: From left to right: Equity Group Managing Director and CEO, Dr. James Mwangi and Sally Jepkorir, a shareholder, during the H1 2024 Investor Briefing event. Equity Group Holdings has registered a 12% growth in profit after tax to…

The Federal Government plans to implement a 50% tax on the profits banks earn from foreign exchange revaluation in 2023. President Bola Tinubu has submitted proposed changes to the 2023 Finance Act to the National Assembly for…

By abiodun KOMOLAFE We are in a time of pronounced change of thinking in a positive direction in Nigeria after decades of misadventures. To support this change, we must focus on the key policies and drivers of reform in order…

Taiwo Oyedele, chairman the presidential committee on fiscal policy and tax reforms, says the federal government has approved the exemption of small businesses from withholding tax. Oyedele disclosed this at a recent…

The Nyesom Wike-led Federal Capital Territory Administration (FCTA) has announced plans to establish more tax offices around Abuja as part of efforts to collect more taxes and improve internally generated revenue (IGR). This…

Federation Accounts Allocation Committee (FAAC) released what has been described as a revenue windfall, the three tiers of government, the Federal, States and Local Government Councils on Thursday shared N907.054bn as FAAC allocation for…

Nigeria’s Tax-to-GDP ratio which, in the last 12 years, hovered between 5% to 6% rose to 10.86% by the end of 2021. The new ratio was communicated to the Federal Inland Revenue Service (FIRS), via a letter signed by the…