tax
PROPOSED VAT INCREASE: National Assembly Reviews Bill to Hike VAT Rate from 7.5% to 10% by 2025
National Assembly Reviews Bill Proposing phased VAT increase to 15% by 2030, while slashing corporate tax to boost investment.
The National Assembly is considering an executive bill proposing an increase in the Value-Added Tax (VAT) from 7.5% to 10% by … Continue Reading
New Tax Regulation To Alleviate Burden On Small Businesses And Manufacturers
A move to enhance economic growth and ease the tax burdens affecting small businesses and the manufacturing sector, the Federal Government has unveiled a New Tax Regulation which is “Deduction of Tax at Source (Withholding) Regulations, 2024.”
It was signed … Continue Reading
The Tax collection in Nigeria too low – Bill Gates Seeks More Funding For Government
According to Bill Gates, Nigeria’s current tax collection rate is relatively low, and this needs to change if the country is to achieve its development goals.
In a speech at the Pan-African Youth Dialogue on Nutrition in Abuja, Bill Gates… Continue Reading
FIRS Introduces Self-Registration Module to Enhance Taxpayer Experience
the Federal Inland Revenue Service (FIRS) has rolled out a self-registration module on the Tax-Pro Max platform to streamline tax processes and enhance ease of doing business.
This initiative, aimed at fostering a customer-centric approach, allows newly registered business … Continue Reading
Wike Warns FCT Staff of Tax Evasion Consequences
Federal Capital Territory Minister, Nyesom Wike, Issues Stern Warning on Tax Compliance to staff of the Federal Capital Territory.
In a recent statement released by Mustapha Sumaila, the Head of Corporate Communications at the Federal Capital Territory Internal Revenue Service … Continue Reading