Tag: tax

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FIRS writes National Assembly, seeks exclusive power on VAT

By Sunday AborisadeThe Federal Inland Revenue Service, in a desperate bid to retain the collection of the Value Added Tax, has written the National...

VAT: FIRS loses, Lagos joins tax war as Rivers digs in

…Wike orders immediate enforcement of VAT collection on firms in Rivers; …VAT bill passes first, second reading as Lagos Assembly laments low FG allocation despite...

Petroleum industry act ‘ll affect revenue generation in 2022; Twitter,Facebook, others registering with Nigerian govt- FIRS boss

By Levinus NwabughioguRevenue accrued to the federal government through Petroleum profit tax in 2022 may be dwindled due to the signing of the Petroleum...

FG Grants NLNG N20bn Tax Waiver for Bodo Bridge Construction

Ndubuisi Francis and James Emejo The federal government has granted the Nigeria LNG Limited N20 billion in tax waiver for the construction of Bodo Bonny...