Tax Archives — Page 5 of 7 — City Business News

June 21, 2021 No Responses

Edo Begins Use Of Revenue Scratch Cards

By citybusinessnews@yahoo.com — The Edo State Internal Revenue Service, (EIRS) has introduced the use of Revenue Scratch Cards to simplify tax payment for businesses owners, particularly those in the informal sector. In a statement, Head, Corporate Communications, EIRS, Courage Eboigbe, said:...

May 2, 2021 No Responses

Q1: Dangote Cement To Pay N40.39b Tax

By citybusinessnews@yahoo.com — Dangote Cement Plc is expected to pay a total of N40.39 billion in taxation to the nation’s treasury from its operational result in the first quarter (Q1) of 2021. According to the financial result published by ...

April 30, 2021 No Responses

Access Bank Explains Q1 30% Increase In Profit Before Tax

Access Bank Plc has posted a profit before tax (PBT) of N60.1billion representing an increase of 30 per cent for the first quarter ended March 31. The Chief Executive Officer of the group, Mr Herbert Wigwe, disclosed in an unaudited financial....

April 3, 2021 No Responses

WTO To Work With Europeans On Legality Of EU Carbon Tax Plan

World Trade Organization will work with a number of European countries to ensure a proposed EU carbon tax will respect international trade rules.French Finance Minister, Bruno Le Maire and the WTO’s new leader, Ngozi Okonjo-Iweala told a press confer...

March 23, 2021 No Responses

Lagos Gives Tax Evaders March 31 Deadline

The Lagos Internal Revenue Service (LIRS) has warned tax evaders in the state, saying that the Service would wield the stick on defaulters who insist on shortchanging the State Government. Mr Seyi Alade , Director, Legal Services, LIRS, gave the...

January 12, 2021 No Responses

FIRS Creates 35 Tax Audit Units

The Federal Inland Revenue Service (FIRS) has created 35 additional Tax Audit Units across the country to address illicit financial flow. Mr Abdullahi Ahmad, Director, Communications and Liaison Department of the service, made this known in a statement i...

December 5, 2020 No Responses

FIRS Generates N4.17tri In Ten Months

Between January and October, 2020, the Federal Inland Revenue Service (FIRS) generated a total of N4.17trillion. Chairman, FIRS, Muhammad Nami, represented by Mr Ezra Zubairu, Coordinating Director, Enforcement Support Group, ...

November 27, 2020 No Responses

FG Generates N416.01b As Company Income Tax In Q3

The Federal Government generated N416.01 billion as Company Income Tax (CIT) in the third quarter of 2020. According to the National Bureau of Statistics (NBS) in its “Company Income Tax by Sectors 2015 – Quarter Three (Q3 2020)’’, the amoun...

September 3, 2020 No Responses

GTBank Declares 30k Interim Dividend

Guaranty Trust Bank Plc on Wednesday announced an interim dividend of 30k per share for the half year ended June 30, 2020. The bank stated this in its audited financial results released to the Nigerian Stock Exchange and London Stock...

July 24, 2020 No Responses

NLC Condemns 6% Stamp Duty On Tenancy, Lease Agreements

The Nigeria Labour Congress (NLC) on Friday condemned six per cent stamp duty fee introduced by the Federal Inland Revenue Service (FIRS) for every tenancy and lease agreement in Nigeria. NLC President, Comrade Ayuba Wabba, in a statement on...

July 21, 2020 No Responses

FIRS Clarifies Stamp Duty Rates

The Federal Inland Revenue Service (FIRS) has published detailed information to guide taxpayers and the general public on rates payable as stamp duty. Director Communications and Liaison Department of the FIRS, in a statement on Tuesday said the clarification ...

July 1, 2020 No Responses

FIRS Generates N66b From Stamp Duty In Five Months

Between January and May, this year, the Federal Inland Revenue Service (FIRS) generated the sum of N66 billion from stamp duty. In a statement on Tuesday, Abdullahi Ahmad, the FIRS Director, Communications and Liaison Department explained that the Executive Ch...

May 27, 2020 No Responses

Lagos Further Extends Deadline For Filing Annual Tax Returns To June 30

The Lagos State Government, through its Internal Revenue Service (LIRS), has further extended the deadline for filing of Annual Tax Returns to June 30, 2020. The Executive Chairman of LIRS, Mr Ayodele Subair, said in a statement on Tuesday that...

March 4, 2020 No Responses

FIRS Targets N4trillion Tax From Oil, Gas

The Federal Inland Revenue Service (FIRS) said it would rake in four trillion naira as tax revenue from the extractive sector of the Nigerian economy in the 2020 fiscal year. The FIRS made this known in a statement issued by ...