The Finance Act and oversight functions of tax authorities came under heavy hammer Thursday in Lagos  as the pioneer president of Chartered Institute of Taxation  of Nigeria (CITN), Chief Ajibola Olorunleke, adjudged the Excess Dividend  Tax provision as illegal, just as Dame Gladys Simplice, the current helmsman,  urged tax regulatory activities to be centralised. According to […]

In a bid to ensure total tax compliance in the country, the Federal Inland Revenue Service (FIRS) has disclosed plans to put new policies in place. The disclosure was made by the FIRS Executive Chairman, Muhammad Nami during the KPMG Tax Breakfast Seminar. According to KPMG Tax Consultant, Victor Adegite in a series of tweets, Nami said

The federal government has finally put to bed the controversy over who will collect stamp duty has finally been rested. Henceforth, the Federal Inland Revenue Service (FIRS) will be the sole collecting agency of stamp duty in the country. Before now, the Nigeria Postal Service (NIPOST) had protested to the Minister of Finance demanding that

The Lagos State Internal Revenue Service (LIRS) has shut about 16 companies  in the state over their failure to remit N126.19 million consumption tax to the commercial hub of the nation.   This was disclosed by the agency’s Director of legal services, Seyi Alade. According to him, the companies have been barred from operating their businesses until their tax liabilities have been

The federal government has finally put to bed the controversy over who will collect stamp duty has finally been rested. Henceforth, the Federal Inland Revenue Service (FIRS) will be the sole collecting agency of stamp duty in the country. Before now, the Nigeria Postal Service (NIPOST) had protested to the Minister of Finance demanding that