Tag: Tax
NRS clears air on new vehicle tax
The clarification follows the circulation of a viral message online claiming that all vehicle owners would be required to start…
LIRS boss attributes Lagos tax growth to Tinubu’s foresight as 159th JRB meeting ends
The Executive Chairman of the Lagos State Internal Revenue Service (LIRS), Dr Ayodele Subair, has said the remarkable growth of…
Just in: LIRS further extends deadline for filing of individual annual income tax returns to April 21, 2026
Following the earlier extension granted to April 14, 2026, the Agency has observed a significant increase in traffic on its…
LIRS extends tax filing deadline to April 14
Meanwhile, Nigeria’s tax system is undergoing significant reforms at the federal level, with the introduction of new laws such as…
Adopt tax reforms now, FG tells Ondo Govt
“Implement the new tax reform acts, enact the State Tax Harmonisation law to curb nuisance and illegal taxes,” he said.…
FG Warns Nigerians: File Your Tax Returns or Face the Law
Under the new tax law, businesses that benefit from tax incentives must disclose them when submitting their tax returns or…
Confusion, panic trail plan to debit bank accounts for tax debts
Many Nigerians are worried following a notice by the Lagos Internal Revenue Service (LIRS) saying it has the legal power…
Defaulters: Lagos reveals strategy to recover unpaid taxes
The Lagos State Internal Revenue Service (LIRS) has announced that it will begin recovering unpaid taxes from defaulting taxpayers through…
A rejoinder to Bola’s Tax: When simple logic becomes simple misdirection
So when someone frames pension/health insurance as “proof the poor are being taxed,” they are committing a category error:
NNPCL delivers ₦5.4 billion Profit after tax in 2024 financial report
Others include, attracting and mobilising $60 Billion in investments across all oil and gas sectors by 2030. As it also…
Tax system too critical for politics, FIRS warns
The agency urged politicians to stop spreading false information about routine administrative matters, saying Nigeria’s tax system is too important…
FCT’s 5% tax on private schools will kill our businesses – Proprietors
The Department of Quality Assurance of FCT’s Education Secretariat announced the measure in January after which the association pleaded with…
Nigeria’s tax agency, FIRS, charges Binance with tax evasion, other crimes
In the suit, FIRS accused Binance o non-payment of Value Added Tax (VAT); failure to file tax returns; non-payment of…
Tory leadership rivals clash over tax in leadership debate
Truss has proposed scrapping increases in payroll tax and corporation tax proposed by Sunak, at a cost of over 30…
China cuts income tax for some small firms
Small firms will be subject to the lower income tax until the end of 2024 from the start of 2022,…