tax

The Federal Capital Territory Internal Revenue Service (FCT-IRS) in collaboration with the Chartered Institute of Taxation of Nigeria (CITN) has commenced training in capacity building for 200 personnel of the FCT IRS to enhance…

The Minister of the Nigerian Federal Capital Territory, FCT, Malam Muhammad Musa Bello, has warned high-income individuals residing in the city, who provide false information about their income while filing their tax information to refrain…

The Federal Capital Territory Internal Revenue Service (FCT-IRS) has been awarded the status of Approved Employer Recognition by the Association of Chartered Certified Accountants (ACCA) in Nigeria. This is in recognition of its efforts…

The Federal Inland Revenue Service (FIRS) has stated that it will commence the process of enforcement and recovery of unremitted tax deductions owed by some States and Local Governments in Nigeria. This decision is contained in a Public…

Google has informed its Nigerian users that the company would charge 7.5% VAT on all taxable goods and services, effective from April 1st, 2022. This was disclosed by Google via email sent to its Nigerian users where it also stated that…

Investors on the Nigerian Stock Exchange are to pay a Capital Gains Tax of 10% on the sale of shares according to provisions of the signed Finance Act 2021. The tax is applicable on the disposal of shares worth N100 million and above.…

The Federal Government has announced the introduction of excise duty of N10 per litre on all non-alcoholic, carbonated and sweetened beverages in the country. The charge is part of a new policy introduced in the Finance Act which was…

The Economic and Financial Crimes Commission (EFCC) has been described as a critical stakeholder on tax- related issues. The zonal coordinator of the Federal Inland Revenue Service (FIRS) covering Rivers, Edo and Delta States,…

A Tax Appeal Tribunal sitting in Lagos has ordered Multichoice Nigeria Limited, owners of Digital Satellite Television (DSTV), to pay 50 percent of N1.8 trillion to the Federal Inland Revenue Service (FIRS) before the appeal proceedings…

The Federal Inland Revenue Service has raked in over N650 billion in revenue in June 2021, Executive Chairman, Mr Muhammad Nami, has said. In a statement made available to newsmen in Abuja on Wednesday, FIRS said it was the highest…