Government’s efforts to raise additional revenue, optimally fund the 2020 Budget, bridge the increase in the minimum wage payroll, introduce some much-needed tax amendments and reforms to encourage businesses, and other fiscal strategic objectives, have led to the passing into Law of the Finance Act, 2019. The passage of the Finance Act continues to generate […]

Kano State Zonal Office of the Economic and Financial Crimes Commission (EFCC) has arrested the former speaker and now minority leader of Kano State House of Assembly, Isiyaku Ali Danja, over alleged abuse of office and misappropriation of N1.5 billion meant for payment of tax liabilities to the Federal Inland Revenue Service (FIRS). Danja got

Former Director-General, Budget Office, Mr Bode Agusto, has weighed in on tax evasion and default in payment that has been reported in the media space in recent times. According to him, 200,000 wealthy Nigerians are the biggest tax evaders in the country. While speaking during the 17th Annual Aret Adams Memorial Lecture in Lagos, with the

The Federal Inland Revenue Service, FIRS, has tasked businesses and companies on registering with the service to obtain the mandatory Tax Identification Number, TIN, before the April 12, 2020 deadline. A public notice signed on Monday by the FIRS Chairman, Muhammed Nami, said such number so obtained should be displayed on all documents supporting business