Federal Inland Revenue Service, FIRS, is one of the establishments charged primarily with the responsibility of accessing, collecting and accounting for the various taxes to the federal government. Tax paid by the citizens and businesses are used to meet budgetary demands to finance public projects and make the business environment conducive for economic growth. In …
The ecommerce sector will experience a minor slowdown as government begins implementing automatic and direct collection of VAT on online transactions in Nigeria. See it this way: if a physical open market sells electric iron for N8, 000 and Jumia sells the same for N8,000, because Jumia’s customer will be required to pay VAT (5% …
Nigeria’s Ecommerce 5% Challenge As FIRS Introduces VAT on Online Transactions Read More »
Members of the Depot and Petroleum Products Marketers Association of Nigeria, Major Oil Marketers Association of Nigeria and the Independent Petroleum Marketers Association of Nigeria on Thursday declared that the government and its agencies should not kill oil marketers’ businesses with multiple taxation. DAPPMAN, MOMAN and IPMAN made the call at a stakeholders’ meeting on …
DAPPMAN, MOMAN, IPMAN decry multiple taxation, beg govt. Read More »
The Federal Government on Friday said the tax being paid on a packet of cigarette containing 20 sticks would increase from N20 to N40 this month. Speaking at an event in Abuja to mark the 2019 World No Tobacco Day, the Permanent Secretary of the Ministry of Health, Abdulaziz Abdullah, also said the National Assembly …
©2023.Innerkonsult ltd. All Rights Reserved.
Powered by INNER KONSULT LTD
