Tax

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…

This article was inspired by the anti people activities of Oshimili South Local Government Area of Delta State that is out to monetize every opportunity they get as a case study. Note: These actions if not checkmated will have…

1) *Ndị ọkwọ ụgbọ ala KEKE:* SITE na N15,000 ruo N10,000 kwa ọnwa. Nke ahụ bụ 2,500 kwa izu 2) *Ụgbọala Mgbochi:* SITE na N20,000 ruo N12,000 kwa ọnwa. Nke ahụ bụ N3,000 kwa izu_ 3) *Obere ụgbọ ala:* SITE na…

By Christian ABURIME The Governor of Anambra State, Prof. Chukwuma Charles Soludo, has suspended tax payments for heavy duty loading and offloading in the transport sector. The State Government, transport operators, and…

By Christian ABURIME The Governor of Anambra State, Prof. Chukwuma Charles Soludo, has suspended tax payments for heavy duty loading and offloading in the transport sector. The State Government, transport operators, and…