NIGERIA'S Federal Inland Revenue Service (Firs) has introduced self-service stations where taxpayers can file tax returns and validate tax clearance certificates among other services using digital technology.
Designed to not only help clear the backlog of tax returns but to also help the government with its drive to increase...
NIGERIA'S finance minister Zainab Ahmed has announced plans to enter into an out-of-court settlement with Nigeria's 36 states over the vexed issue of value added tax (Vat) that is currently turning into a fierce legal battle.
In a recent landmark judgment, a federal high court in Rivers State, ruled that it was...
NIGERIA'S ongoing divisive ethnic spat took a turn for the worse yesterday after the Northern States Governors’ Forum (NSGF) issued a communique at the end of their emergency meeting in Kaduna condemning recent steps taken by the southern counterparts.
Over recent weeks, the NSGF and the Southern Governors Forum (SGF) have...
MEMBERS of Nigeria's Northern State Governors’ Forum (NSGF) are meeting in Kaduna today to debate the vexed issue of value added tax (VAT) that has become a hot potato over the last week as southern states have won the legal right to localise it.
Up until now, VAT has been paid into the federal coffers but in August, a...
MEMBERS of Nigeria's House of Representatives have begun debating a bill that will transfer the collection of value added tax (VAT) from the federal government to the 36 states of the federation.
Up until now, VAT has been paid into the federal coffers but in August, a high court issued an order restraining Nigeria's Federal...
Ayo Akinfe
As from October 1 2021 all value added tax (VAT) will be collected by state finance commissioners
As from October 1 2021, the Federal Inland Revenue Service will no longer have anything to do with VAT
Everyone of Nigeria's 36 states and the Federal Capital Territory will establish a State Inland Revenue Service for...
GOVERNOR Babajide Sanwoolu is soon to be presented with a formal bill domesticating value added tax (Vat) after the Lagos State House of Assembly passed legislation vesting the power to collect the tax in the state government.
Up until now, Vat has been paid into the federal coffers but last month, a high court issued an...
Ayo Akinfe
First of all the Federal Inland Revenue Service (Firs) should set an income tax revenue target of $50bn by 2030
New Firs boss Muhammad Nami, should forward proposals to the National Assembly introducing a regime whereby no public official will receive more than four times the national minimum wage
Our National...
NIGERIA'S federal government is confident that it will soon be able to lift its ban on social media platform Twitter as the company has agreed to seven of the 10 demands it made including opening an office in Nigeria.
In June this year, the Nigerian government banned the use of Twitter across the country after the platform...
NIGERIAN leaders and politically exposed persons (PEP) have been found to own as many as 800 choice properties in Dubai and London with a combined value of $400m according to a recent report by Associate Fellow of Chatham House Matthew Page.
At a recent event in Abuja, Professor Bolaji Owasanonye, the chairman of the...
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