April 3, 2018

We want to improve efficiency in collection of consumption taxes – LIRS boss

Recently the chairman, Lagos Internal Revenue Service,  Mr Ayodele Subair, spoke about the technology application in the collection of the state’s consumption tax, saying it is targeted at improving efficiency while plugging leakages. Excerpts REFLECTING on your  consumption tax you recently unveiled an e-payment platform. Can you shed more light on it? It’s an electronic …

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VAIDs: Companies Pressure President Buhari To Extend Tax Amnesty Period

As the tax amnesty under the Voluntary Assets and Income Declaration Scheme (VAIDs) ends on Saturday, some private sector players are said to be lobbying President Muhammadu Buhari to extend the amnesty period. An official at the Presidency, who craved for anonymity, told newsmen on Friday that governors and company owners had called the President …

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A Case For A More Robust Approach To Boosting Nigeria’s Tax Revenues

No doubt, Nigeria is blessed with abundance of natural and human resources. Nigeria has a population of about 186 million people. Of this number, about 77 million were employed as at 2015 according to the National Bureau of Statistics (NBS). Furthermore, as released by the Joint Tax Board (JTB), only about 10 million people, out …

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