Tax Archives — Page 2 of 7 — City Business News

July 7, 2023 No Responses

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, made the commendation in a statement on Thursday following Tinubu’s signing of four executi...

June 8, 2023 No Responses

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...

April 17, 2023 No Responses

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...

March 21, 2023 No Responses

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...

February 14, 2023 No Responses

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...

February 7, 2023 No Responses

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. ...

January 7, 2023 No Responses

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...

January 3, 2023 No Responses

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....

December 31, 2022 No Responses

ExxonMobil Sues EU To Block Energy Windfall Tax

US energy giant ExxonMobil is suing the European Union (EU) in a bid to stop its new windfall tax on oil firms. A windfall tax is imposed on firms that benefited from something they were not responsible for. Energy firms...

December 15, 2022 No Responses

FCT-IRS Insists On Tax Clearance For Vehicle Registration, Building Approval

Federal Capital Territory (FCT) residents will henceforth present Tax Clearance Certificate (TCC) to carry out certain transactions, the Acting Chairman, Federal Capital Territory Internal Revenue Service (FCT-IRS), Mr Haruna Abdullahi, has said Abdulla...

November 29, 2022 No Responses

FIRS Seeks Harmonised Systems Among Tax Administrators

The Executive Chairman, Federal Inland Revenue Services (FIRS), Muhammad Nami has appealed for harmonisation of tax systems among member states of Commonwealth Association of Tax Administrators (CATA). Nami made the appeal on Monday in Abuja at the 42nd ...

November 17, 2022 No Responses

Reps Panel Summons FIRS Chairman Over Alleged Tax Evasion By Oil Companies

The House of Representatives Ad hoc Committee Investigating the Structure and Accountability of Joint Venture (JV) Business and Production Sharing Contracts (PSCS) of Nigerian National Petroleum Corporation (NNPC) Ltd has summoned the Chairman of Federal Inlan...

November 16, 2022 No Responses

Reps Panel Summons Total, Others Over $85b Tax

The House of Representatives ad hoc Committee on structure and accountability of Joint Venture (JV) Business and Production Sharing Contracts (PSCS) of Nigerian National Petroleum Company (NNPC) Ltd. has summoned Total Upstream over tax claims of 85 billion do...

November 6, 2022 No Responses

FIRS Boss: Dialogue Crucial In Strengthening Tax Administration

Tax dialogue is a tool for engendering tax compliance as well as means of strengthening tax systems, the Executive Chairman, Federal Inland Revenue Service (FIRS), Muhammad Nami, has said. Nami said this at the 2022 Kaduna State Tax Dialogue, held...