Tag: Tax
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FIRS Orders Banks to Shut Down All Unauthorised Tax Accounts in Push for Digital Compliance
In a decisive move aimed at tightening Nigeria’s tax administration, the Federal Inland Revenue Service (FIRS) has instructed all banks in the country to...
Nigeria’s VAT Collection Reaches N1.78 Trillion In Q3 2024
The National Bureau of Statistics (NBS) reports that in the third quarter of 2024, the Nigerian government collected N1.78 trillion in Value Added Tax...
Human Rights Group Criticizes FG’s 10% VAT Increase, Cites Harmful IMF Advice
The Federal Government is allegedly following orders from foreign organizations like the World Bank and the International Monetary Fund (IMF), according to the Human...
Business tax payments decreased in the first quarter of 2024 as the economy deteriorates
Companies in manufacturing, agriculture, and 12 other industries had a minimum 16% decrease in income tax payments, according to an analysis of the recently...
Akwa Ibom Government Accused Of Not Paying N84 Billion Tax
The Federal Inland Revenue Service (FIRS) has accused the Akwa Ibom state government of not paying taxes totaling N84 billion from 2008 to 2015.Â
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