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Nigerian govt streamlines withholding tax regime, aims to ease business burden

In a move aimed at stimulating business activity and reducing compliance hurdles, Nigeria has approved a simplified withholding tax regime.This announcement came from Taiwo...
Business

FG To Slash Cost Of Collection From Customs, FIRS To One Per Cent

The federal government will soon introduce a law to cut the amount revenue-generating agencies take as cost of collection to one percent.The move is...
Business

Nigerian gov to exempt companies earning N25m per annum from CIT, VAT, others

In a bid to help their businesses thrive, and lessen their tax burden, the Federal Government has initiated a plan that would exempt operators...
Business

Tinubu May Remove VAT On Food Items, Healthcare Products, Others

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, had said the committee would propose the removal of Value...
Business

Nigeria Has Capacity To Repay $2.82bn Debt Owed IMF- Report

The International Monetary Fund (IMF) says Nigeria can repay its debt obligations to the Washington-based institution following recent reforms.The IMF said this in the...
Business

FG Has No Plans To Recruit Touts For Tax Collection- Oyedele

The Chairman of the Presidential Tax Reform Committee, Taiwo Oyedele, has denied his previous comment that the federal government may consider area boys to...
Business

FG Set To Recruit, Train New Tax Collectors- Oyedele Reveals

The federal government has hinted on recruitment of new tax collectors or train the existing collectors to be civil in their approach.The plan is...
Business

Rising inflation threatens 18% Tax-GDP target, more job losses, poverty

Debilitating effects of early policy steps of President Bola Tinubu-led Federal Government are shrinking the possibility of boosting Nigeria’s tax revenue to a level...
Business

JUST IN: FG To Scrap Over 50 Taxes, Says Tinubu’s Tax Committee Chairman

The Federal Government has declared its intention to scrap about 50 taxes in Nigeria. The Chairman of the Presidential Committee on Fiscal Policy and...
Business

Stakeholders kick as FG plans 100% hike in sugar tax

Against the back drop of government revenue constraints and the urgent imperative of increasing non oil revenue generation, the Federal Government may have concluded...
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