Col. Hammed Ali (rtd) of the The Nigeria Customs Service has called on the federal government to broaden its excise tax net to include carbonated drinks.The Comptroller General of the Service, made the call at a public hearing by the House of Representatives Committee on Finance on Thursday.He said the move will help the service […]

The Federal Inland Revenue Service (FIRS) says it is targeting N8.5 trillion revenue for the country in 2020. The Executive Chairman of FIRS, Mr Muhammad Nami, disclosed this at the 2020 Corporate Plan Retreat in Abuja on Friday. Nami said that the 2020 target was slightly lower than the 2019 target by about N300 billion.

Guinness Nigeria Plc has lamented the impact of increased excise duties and reduced imports on its profitability. The company, in its financial statements for the six-month period ended December 31, 2019, said its operating profit declined by N1.08bn to N3.56bn from N4.64bn in the same period of 2018. It said the decline in its operating

The Minister of Communications and Digital Economy, Dr Isa Pantami, has asked subscribers who have expressed concern over the additional charges on voice calls, SMS and data to direct their grievances to the Federal Inland Revenue Service. Patanmi, in a statement on Thursday, said his office had been swamped with complaints and enquiries concerning the