The federal government’s revenue from company income tax (CIT) more than tripled to N1.53 trillion in the second quarter (Q2) of 2023. Data culled from the National Bureau of Statistics
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Here are the seven top business stories you need to track this week — August 28 to September 1. FINANCE ACT 2023 TAKES EFFECT SEPT 1 From September 1, 2023,
The Federal Inland Revenue Service (FIRS) says from September 1, 2023, 7.5 percent value added tax (VAT) will be charged on items excluded from building. The revenue agency announced the
The presidential committee on fiscal policy and tax reforms says the Nigeria Customs Service (NCS) and 62 other ministries, departments and agencies (MDAs) of the federal government should not collect
The presidential committee on fiscal policy and tax reform (PCFPTR) has pledged to improve tax payments, making them beneficial to
The Federal Inland Revenue Service (FIRS) says it generated N5.5 trillion as tax revenue in the first half of 2023. In
The Chartered Institute of Taxation of Nigeria (CITN) has asked the federal government to address the issue of multiple taxation
Taiwo Oyedele, Africa tax leader at PricewaterhouseCoopers (PWC), says the new value-added tax direct initiative (VDI) would need proper awareness
The Federal Inland Revenue Service (FIRS) says it has partnered with the Market Traders Association of Nigeria (MATAN) for the
The Federal Inland Revenue Service (FIRS) has provided updates on the implementation of the input value-added tax (VAT) filing procedures
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