Tax exemption Archives

FG to exempt small businesses from tertiary education tax

The federal government is working on exempting small businesses from paying tertiary education tax (TET). Ajibola Olomola, chairman of the drafting sub-committee of the fiscal policy reforms committee, said the

FG to publish names of people who got tax exemption in 2019

The federal government says it will publish a report on all the individuals and organisations that received tax exemptions and rebates in 2019. Speaking when presenting the 2021 budget at

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FG to remove tax exemption on oil companies’ dividends

Dividends paid from the profits of oil companies will no longer be tax-exempt if the finance bill submitted by President Muhammadu Buhari is passed by the national assembly. This was

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NIMASA to appeal court ruling on NLNG tax exemption

The Nigerian Maritime Administration and Safety Agency (NIMASA) has vowed to appeal a federal high court ruling exempting the Nigeria Liquefied Natural Gas (NLNG) from paying taxes and levies to

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