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TAX

news and stories about tax

In an era where misinformation spreads faster than policy, social media has become both a battleground and a...
In this episode of Drinks and Mics Live 2.0 Detty December Edition, hosts Ugodre, Arnold, Tunji, and Otunba welcome guests Samson Esemuede,...
On this episode of Talknomics with Ugodre, Amaka Nku, Africa lead at Eurasia Group, delivers a sobering analysis...
Taxes are deducted from salaries every month, but do you truly understand why? In the latest episode of...
The National Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has called on President Bola Tinubu’s administration to take decisive steps toward tax reform, including reducing corporate taxes to 19% and pegging Value Added Tax (VAT) at 7.5%.  
The Chairman of the Presidential Tax Reform Committee, Taiwo Oyedele, has cautioned that allowing state governments to collect Value Added Tax (VAT) could result in chaos. 
The Nigerian presidency has responded to the Northern Governors' Forum's rejection of the new derivation-based model for Value-Added Tax (VAT) distribution in the tax reform bills currently before the National Assembly. 
The Federal government plans to steadily raise the rate for Value Added Tax (VAT) to 15% from the current 7.5%.
The Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji has stated that the tax reforms being executed by the Federal government will not introduce new taxes or increase the tax rate for existing ones.
The Speaker of the House of Representatives, Rep. Tajudeen Abbas, has set a three-week deadline for the Committees on Finance and the Federal Inland Revenue Service (FIRS) to identify and eliminate double taxation on low-income Nigerian earners. 
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has disclosed that a truck driver spends more than N450,000 as levies to transport food items such as yams from the northern part of the country to the south.  
The Nigerian National Petroleum Company Ltd (NNPCL) incurred a total of N2.69 trillion as tax in the full year 2023.