The long-drawn legal battle by the South African Company, Multichoice Africa Holdings B.V with the Nigerian government-owned Federal Inland Revenue Services (FIRS) over the disputed $342m tax has been struck out. The Tax Appeal Tribunal on Tuesday st...
Multichoice is the owner of the satellite televisions, DStv, and Govt – popular subscription-based platforms in Nigeria. At the hearing in Lagos on Wednesday, the administrative court said it was satisfied that MultiChoice had complied with the direc...
A member of the House of Representatives, Olufemi Fakeye has called on the Federal Government to tax self-employed Nigerians because they allegedly earn lots of money. Fakeye said this on Wednesday while commenting on the 2022 budget during the plena...
The Chief Executive Officers of the Department of Petroleum Resources, the Petroleum Products Pricing Regulatory Agency, and the Petroleum Equalisation Fund will today hand over the affairs of these agencies to the two regulatory agencies that were c...
Perhaps more than any other time in her history, Nigeria needs non-oil revenues. With the prices of oil, her major resource and revenue earner, flagging since around 2014, the country’s need to look in other directions has assumed greater significanc...
The World Bank has declared as “effective“ Nigeria’s 750-million-dollars COVID-19 Action Recovery and Economic Stimulus (NG-CARES) Programme. Mr Aso Vakporaye, the Chairman of, Federal CARES Technical Committee, made this known in a statement he issu...
The Federal Inland Revenue Service (FIRS) has urged the government at all levels to ensure that citizens feel the impact of the collected tax in their areas of responsibility. The Executive Chairman of FIRS, Mohammad Nami, gave the advice at … Let C...
The Federal Government has said that Civil Society Organisations (CSOs) including non-governmental organizations and cooperative societies have responsibilities under the tax laws to fulfil their tax obligations irrespective of the nature of their op...
Governors of the southern states of Nigeria have expressed their support for the collection of Value Added Tax (VAT) by state governments. Governor Rotimi Akeredolu of Ondo State disclosed this while reading a communique at the end of a meeting … So...
The Lagos State House of Assembly on Thursday passed the State’s Value Added Tax, VAT, Bill with Speaker Mudashiru Obasa directing the Acting Clerk of the House, Mr. Olalekan Onafeko, to transmit a clean copy to Governor Babajide Sanwo-Olu for … Lag...