September 23, 2019

Tax credits

Nigeria is using a system of tax credits to encourage private companies to share the cost of infrastructure projects as part of a drive to diversify Africa’s biggest economy away from its reliance on oil sales, the country’s tax chief said. Executive Chairman of Nigeria’s Federal Inland Revenue Service (FIRS), Mr Tunde Fowler speaks during […]

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Extend tax credit on alternative fuels

Many fleets, businesses, transit agencies and school districts eagerly await the beginning of the September congressional work period, the next opportunity for Congress to extend the expired Alternative Fuels Tax Credit. Preserving our environment must be a national priority, and investment in proven on-road technology depends on maintaining cost efficiency. The credit on the sale

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Dangote Group, others to get 50% tax credits from FIRS – Fowler

Dangote and other private companies are set to access 50% of expenditure in tax credit from the Federal Inland Revenue Service (FIRS). According to FIRS executive chairman, Tunde Fowler, the plan is to solve infrastructural deficit in the country by reducing the actual amount of tax to be paid by private companies, while these companies

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