FG Launches New Taxes On Alcoholic Beverages, Others
The Federal Government of Nigeria has launched a new set of taxes on various items, including beer, imported vehicles, and single-use plastics. Imported beer or stout including all alcoholic beverages…
Tinubu meets bankers over windfall tax
President Bola Ahmed Tinubu has held a closed-door meeting with leaders of Nigeria's commercial banking sector to discuss the newly imposed windfall tax. The meeting, led by Finance Minister…
States Sue FG Over Sharing of Stamp Duty Revenue
Abubakar Malami, the Attorney-General of the Federation (AGF) has been sued by Attorneys-general of the 36 states for non-remission of funds generated from stamp duties into state accounts. The state…
Govt Begins Taxing Corpses At Mortuaries, Netizens React
Nigerians have reacted, following the plan of the Enugu state government to impose tax on corpses at the mortuary. The state government, through the ESIRS made this tax generation program…
Buhari Has Ordered FIRS To Tax Digital Transactions – SGF
Boss Mustapha, the secretary to the government of the federation (SGF) has disclosed President Muhammadu Buhari has ordered the deployment of technology to tax digital transactions carried out in Nigeria.…
FG Introduces 50% Tax Relief to Boost Salaries for Low-Income Workers
The Federal Government has unveiled plans for a significant tax relief aimed at companies that enhance salaries or provide transportation allowances to low-income employees. This initiative, outlined in a recent…
Nigeria Now Has 41 Million Taxpayers, But Revenue Generation Still Low – FIRS
Muhammad Nami, chairman of The Federal Inland Revenue Service (FIRS) has revealed Nigeria now has 41 million taxpayers. Nami, who made this known on Friday, at the public presentation and…
JUST IN: Reps Approve Tax Reform Bills
The House of representative have unanimously passed a tax bill. The Reps approved four tax reform bills, and is currently awaiting the approval of the president of Nigeria, Bola Ahmed…
Carpenters, Taxi Drivers Should Be Made To Pay Tax — APC Rep
A member representing Boluwaduro/Ifedayo/Ila federal constituency of Osun state, Fakeye Olufemi, has called for owners of small and medium-sized businesses, including taxi drivers and carpenters to be made to pay…
Nigerians to Pay 7.5% VAT on Facebook Ads from January 1, 2022
Facebook has announced that from January 1, Nigerians will be required to pay 7.5 percent value-added tax (VAT) on all ad placements. This is applicable to both those buying ads…