Court Adjourns Suit Against Proof Of Vehicle Ownership Levy

Court Adjourns Suit Against Proof Of Vehicle Ownership Levy

A Federal High Court sitting in Abuja has adjourned a suit seeking to stop the imposition of an annual levy for a certificate of proof of vehicle ownership in the country till March 4, 2024. The Federal Government had in...
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FG To Shipping Firms: Reconcile Tax Books With FIRS Before Dec 31

FG To Shipping Firms: Reconcile Tax Books With FIRS Before Dec 31

The Nigerian Government has directed all international shipping companies operating in the country to reconcile their books with the Federal Inland Revenue Service (FIRS) before December 31, 2023. Chairman of the Federal Inland Revenue Service, Zacch Adedeji w...
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Divestments Of Oil Assets: NCDMB Warns Against Reduction In Compliance, Tax Revenue

Divestments Of Oil Assets: NCDMB Warns Against Reduction In Compliance, Tax Revenue

The ongoing and planned divestments of onshore assets by some international operating oil and gas companies (IOCs) and subsequent acquisition by Nigerian operating companies must not be allowed to impact negatively on the level of compliance with the Nigerian ...
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FG, States Share N966b For July

FG, States Share N966b For July

For the Month of July 2023, the Federation Account Allocation Committee (FAAC), has shared N966.110 billion revenue to the Federal Government, States and Local Government Councils (LGCs). The amount is higher than the N907. 054 billion shared in June, out...
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FIRS Extends Due Date For Filing 2023 Companies Income Tax Returns 

FIRS Extends Due Date For Filing 2023 Companies Income Tax Returns 

Companies that were unable to file Income Tax returns for the 2023 year of assessment (YOA) that fell due on the 30th of June 2023 have been given up to 31st August, 2023 to submit their returns to the Federal...
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Tinubu Raises Committee On Tax Reforms

Tinubu Raises Committee On Tax Reforms

President Bola Tinubu has established a presidential committee on fiscal policy and tax reforms.  In a statement on Friday, Special Adviser to the President on Special Duties, Dele Alake, revealed that the committee will be chaired by Fiscal Policy Partne...
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NECA Lauds Tinubu’s Tax Reforms, Seeks More Modifications

NECA Lauds Tinubu’s Tax Reforms, Seeks More Modifications

The Nigerian Employers’ Consultative Association (NECA) has commended steps taken by President Bola Tinubu to create conducive business climate in Nigeria through strategic tax reforms.  Director-General, NECA, Adewale-Smatt Oyerinde, mad...
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FIRS, LIRS, Seal MoU On Joint Tax Audit, Investigation

FIRS, LIRS, Seal MoU On Joint Tax Audit, Investigation

The Lagos Internal Revenue Service (LIRS) and the Federal Inland Revenue Service (FIRS) have issued a public notice on the Memorandum of Understanding (MoU) signed by both agencies to establish a Joint FIRS and LIRS Audit and Investigation Team aimed...
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NECA Rejects Fresh Tax Hike

NECA Rejects Fresh Tax Hike

Any attempt by the Federal Government to increase taxes will lead to a negative impact on households, individuals and businesses, the Nigeria Employers’ Consultative Association (NECA), has warned. NECA’s Director-General, Mr Adewale-Smatt Oyerinde, in a s...
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CATA Tasks Tax Administrators On Global Technological Advancements

CATA Tasks Tax Administrators On Global Technological Advancements

Tax administrators must keep up with the dynamics occasioned by disruptive new technologies of the 21st century, and arm themselves with the necessary skills, capacity and character for effective and efficient tax administration in the fourth industrial revolu...
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FG To Unveil Carbon Tax  

FG To Unveil Carbon Tax  

The federal government has concluded plans to unveil a carbon tax policy and budgetary system to enhance revenue generation in the country.  The Director-General of the National Council on Climate Change (NCCC), Salisu Dahiru, made this known on Monday wh...
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LIRS, FIRS Seal Tax Audit Pact 

LIRS, FIRS Seal Tax Audit Pact 

The Lagos State Internal Revenue Service (LIRS) and Federal Inland Revenue Service (FIRS) on Monday, February 6, 2023, signed a Memorandum of Understanding on the exchange of information and implementation of joint tax audit and investigation exercise.   ...
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Shell To Pay First UK tax In Five Years

Shell To Pay First UK tax In Five Years

Shell has said it will pay tax in the UK for the first time since 2017 after making huge global profits last year.  The energy firm said it expected to “take a hit” of around $2bn (£1.7bn) on profits in...
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FIRS: Tax Clearance Certificate, Now Available In “One Click”

FIRS: Tax Clearance Certificate, Now Available In “One Click”

The Federal Inland Revenue Service (FIRS) has announced that taxpayers can now get their Tax Clearance Certificate in a single click via its flagship Taxpro Max solution.  The TaxPro Max, a tax administration solution introduced by the apex tax authority....
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