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TAX COMPLIANCE

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has called for enhanced tax compliance and broadening of the nation's tax base as key pathways to achieving faster economic growth in 2025. 
The FIRS has insisted on tax compliance as a recommended prerequisite for clearing aspirants to contest for elective positions.
In a bid to ensure total tax compliance in the country, the FIRS has disclosed plans to put new policies in place.
Recently, the Federal Inland Revenue Service (FIRS) issued the Income Tax (Transfer Pricing) Regulations, 2018 (the 2018 TP Regulations), which replaced the Income Tax (Transfer Pricing) Regulations, 2012.
On Friday, Fitch Ratings affirmed Kaduna State's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'B' and...