The Anambra State Government has said that not more than 300,000 residents of the state pay taxes out of a population of 4.5 million. Mr Mark Okoye, the State Commissioner for Economic Planning and Budget, made the disclosure at a news conference tagged: “2020 Budget Breakdown” on Thursday in Awka. The News Agency of Nigeria […]
300,000 people pay taxes in Anambra —Commissioner Read More »
Chairman, Inland Revenue Service (FIRS), Mr Babatunde Fowler, has described the Kwara Internal Revenue Service (KWIRS), as a model revenue agency in the North Central region. Fowler gave this pass mark, yesterday, in Ilorin at the flag-off of the National Taxpayer Identification Number (TIN) and Consolidated National Taxpayers’ Database. He said the choice of Ilorin
It is common knowledge that Nigeria’s tax to Gross Domestic Product (GDP) ratio is one of the lowest in the world. At under 6%, it is far below the sub-Saharan African average of 20%. Nigeria is reputed to be among the countries in the world with the lowest tax compliance rate as recently corroborated by
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Federal Inland Revenue Service has said that about 45 million Nigerians will be captured as taxpayers before December 2019. Mr Babatunde Fowler, Chairman, Joint Tax Board said this on Thursday in Ilorin at the inauguration of the new Tax Identification Number registration system and consolidated National Taxpayers’ Database for North Central zone. “Over the last
The Federal Government has confirmed the removal of Value Added Tax (VAT) on Liquefied Petroleum Gas (LPG) in Nigeria, otherwise known as cooking gas. This means that the cost of LPG, commonly referred to as cooking gas, will be relatively stable, thus attracting many investors and users in the country. The Chairman, Federal Inland Revenue
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