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17.1 C

Tax and Taxation

In new Finance Act, FG increases education tax to 2.5%

THE Federal Government has increased education tax for tertiary institutions from two per cent to 2.5 per cent. This is contained in the 2021 Finance...

Tax expert urges FG, states to dialogue VAT sharing formula

A TAX expert has urged Nigeria's Federal Government and states to dialogue a value added tax (VAT) sharing formula, saying that rulings by Court...

Multiple taxation, port gridlocks, over-regulation hurting manufacturing companies – CEOs

THREE hundred and eighty out of 400 chief executive officers (CEOs) of manufacturing companies in Nigeria say multiple taxation and over-regulation are hurting the...
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Expert cautions Wike against using Rivers’ task force to collect VAT

A Public Affairs Analyst and Lawyer Liborous Oshoma has urged Rivers State Governor Nyesom Wike to avoid using the state task force to collect...

VAT: FIRS war with states sends wrong signals to investors – Analysts

THE current face-off between the Federal Inland Revenue Service (FIRS) and state governments of Lagos and Rivers is sending wrong signals to investors on...

Tax evasion: Tribunal directs DSTV to pay N900bn before hearing

MULTICHOICE Nigeria Limited, owners of popular cable television services DSTV, has been ordered to pay 50 per cent of N1.8 trillion (N900bn), which the...
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How Nigeria can raise revenue without taxing citizens -Economists

 The CASH-STRAPPED Nigerian government has options for raising billions of naira in revenue without imposing taxes on citizens, according to economists and management experts. Nigeria...

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Here are ways redesigning the naira notes will affect you

THE Central Bank of Nigeria's (CBN) redesigning of select...