tax

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In less than a year in office, President Bola Ahmed Tinubu through four Executive Orders, suspended some of the stifling taxes in Nigeria and directed the implementation of a single-digit tax system in the country. The single-digit tax…

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The Federal Capital Territory-Internal Revenue Service (FCT-IRS) has reminded individuals residing in the nation's capital, Abuja to file in their tax returns before the 31st of March 2024. In a statement signed by the Head,…

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The Federal Capital Territory Internal Revenue Service, FCT-IRS, has called on Ministries Departments And Agencies, (MDAs) and all taxpayers to file their 2023 annual tax returns before the deadline. The Acting Executive Chairman, …

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The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele has said that Nigeria can easily earn N10tn annually through efficient management of its non-oil assets. Oyedele said this in Lagos at…

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The Federal Inland Revenue Service (FIRS), has charged non-domestic companies shipping crude oil from Nigeria to ensure strict compliance with the country’s tax laws in their operations. FIRS Chairman, Zach Adedeji gave the charge in…

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The Lagos State Internal Revenue Service (LIRS) has deployed an upgraded process for the collection of Hotel Occupancy and Restaurants Consumption Tax in the state, a statement signed by the Executive Chairman, Ayodele Subair has said. Mr…

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In an effort to boost Internally Generated Revenue (IGR) in Abuja, the Federal Capital Territory Administration (FCTA) has constituted and inaugurated Capital Gain Tax Implementation Committee for the FCT. Inaugurating the Committee on…

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Ghana has introduced a new measure that will see a 10% tax applied to betting and lottery winnings, effective as of Tuesday. The Ghana Revenue Authority (GRA) has outlined that this withholding tax will be automatically deducted at the…

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The Nigerian Government has given Ship owners operating on her waterways, a three-month window for them to clear their ten years outstanding tax bill running into millions of dollars. The vessel owners owe Nigeria taxes from 2010 to 2019…

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Total taxes on products in the Nigerian economy rose by 112.02 percent from N1.43 trillion in 2019, to N3.03trillion in 2022, coinciding with a Value Added Tax hike from five percent in 2020 to 7.5 percent in 2022. This was revealed in the…