Tag Archives: Tax

The Federal Inland Revenue Service (FIRS) has stated that it would commence back-end tax audits on operators in the maritime and aviation industries. The Executive Chairman, Muhammad Nami, disclosed this Thursday, while delivering an address at the Pedabo Thought Leadership Breakfast Session, focused on tax issues and the impact on …

The Group Head of Tax at Nestoil, Stanley Ezekobe says if the Federal Government needs to significantly shore up its tax revenue, then it needs to prioritize transaction-based taxes like Value Added Tax (VAT). Mr. Ezekobe who was speaking at a virtual media roundtable organized by the Nestoil Group said …

The federal government on Monday gave clarifications on businesses that would qualify to enjoy pioneer status under the additional 27 new industries and products approved last week by the Executive Council of the Federation, FEC. The Executive Secretary, Nigeria Investment Promotion Council, NIPC, Yewande Sadiku, told PREMUM TIMES in an …

Lagos State Governor, Mr. Akinwunmi Ambode on Sunday hailed tax payers in the State for performing their civic obligations faithfully, saying the State recorded more Internally Generated Revenue (IGR) in 2016 than what was recorded in 2015 despite economic recession in the country. As of December 16, 2016 the State …

A Federal high court in Abuja has declared Governor Okezie Ikpeazu as the duly elected governor of Abia State. Ruling on the matter filed by Mr. Friday Nwosu against, Ikpeazu on alleged forgery of tax documents, the court ruled that the plaintiff, (Nwosu) was unable to prove that the tax …

In consonance with Section 82 of the Personal Income Tax Act (as amended), The Lagos State Internal Revenue Service (LIRS) wishes to formally notify the public of its intention to commence the prosecution of tax evaders and offenders in Lagos State beginning from April 1,2016. Under the Personal Income Tax …

MTN is the market leader in Nigeria’s mobile-phone marketMTN Group Ltd.’s biggest market is now its worst headache.Nigeria’s telecommunications regulator (NCC) last week slapped the mobile-phone operator with a $5.2 billion fine, wiping almost 20 percent off its market value over the space of four days. There is a lot …