Taxation
Less Than 30% of Nigerians pay tax – Senator Akpabio
Senate President Calls for Tax Reforms Amid Low Compliance Rates
Senate President Godswill Akpabio has revealed that less than 30% of Nigerians contribute taxes to the Federal Government. Despite this, he pointed out that citizens expect high-quality infrastructure, education, security, … Continue Reading
UAE to Implement 15% Corporate Tax Starting January 2025
UAE to Enact 15% Corporate Tax in 2025, Moving Away from Tax Haven Status
The United Arab Emirates (UAE) announced on Monday that it will introduce a 15% tax on corporate profits, effective January 2025. This policy shift signifies a … Continue Reading
FG Generates N103.7bn Revenue from cash transfer taxation
Nigeria Sees Surge in Revenue from Electronic Money Transfer Levies
The Federal Government of Nigeria has reported a revenue generation of N103.7 billion from Electronic Money Transfer Levies (EMTL) in the first half of 2024. This figure represents a 7.55 … Continue Reading
Femi Otedola Advocates for Windfall Tax, Urges Banks to Cut Lavish Spending on private Jets
Leading businessman and financier, Femi Otedola, has thrown his weight behind the implementation of a windfall tax on Nigerian banks, stressing its importance in promoting economic stability and equity. The billionaire also took a swipe at banks’ extravagant spending … Continue Reading
Lagos state government plans to start Taxing influencers and remote workers
In a bid to boost its internal revenue generation, the Lagos State Government has outlined a comprehensive plan to tap into the state’s digital economy sector. The ambitious initiative, which is part of the government’s Lagos New Money Initiatives, aims … Continue Reading