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It is akin to a revolution: welcome to the big paradigm shift in Nigeria’s tax collection. The shift is from consistently low, inadequate and below targeted...
By: Dapo Okubanjo For any one who has paid more than a passing attention to the activities of the Federal Inland Revenue Service (FIRS) in the...
The Nigerian Government revealed that the Mohammad Nami-led Federal Inland Revenue Service will begin the collection of taxes usually operated by 62 other agencies including the...
The Federal Inland Revenue Service (FIRS) has announced a total tax revenue collection of N5.5 trillion for the half-year period of January to June 2023. This...
Companies that were unable to file their Companies Income Tax returns for the 2023 year of assessment (YOA) that fell due on the 30th of June...
It is common knowledge that taxation plays a vital role in the economic development of every country whether developed, developing or under developed, and Nigeria is...
The Federal Inland Revenue Service (FIRS) has partnered with the Market Traders Association of Nigeria (MATAN) to collect and remit Value Added Tax (VAT) to the...
Two weeks after President Bola Ahmed Tinubu was inaugurated, key decisions already taken by his administration are attracting applause from Nigerians. Tinubu was sworn-in on the...
Nigeria’s Tax-to-GDP ratio which, in the last 12 years, hovered between 5% to 6% rose to 10.86% by the end of 2021. The new ratio was...
In all societies – both ancient and modern, paying taxes has remained a means through which citizens reciprocate the government’s social services to them. Of course...