Tax updates across Africa, simplified
The Federal Inland Revenue Service (FIRS) has officially launched a new withholding tax system aimed at improving tax collection, ensuring compliance, and increasing government revenue. Enhancing Efficiency and Transparency In …
Nigeria: FIRS Introduces Withholding Tax System to Boost Compliance Read More
Nigeria is implementing significant tax reforms aimed at reducing inflation and stimulating economic growth. A key component of these reforms is the proposed increase in the Value-Added Tax (VAT) rate …
Nigeria Aims to Ease Inflation by Exempting Essentials from VAT Read More
Nigeria has witnessed an unprecedented spike in its Value Added Tax (VAT) revenue, reaching a record-breaking ₦6.72 trillion in 2024—an 84.6% increase from ₦3.64 trillion in 2023. This surge highlights …
Nigeria’s VAT Collections Hit Record High of ₦6.72 Trillion in 2024 Read More
The Nigeria Extractive Industries Transparency Initiative (NEITI) has endorsed the proposed 2024 Tax Reform Bill, describing it as a critical step toward modernizing Nigeria’s tax framework and improving fiscal policy. …
NEITI Supports 2024 Tax Reform Bill to Modernize Nigeria’s Tax System Read More· Nigeria’s economic epic centre, Lagos has decided to partner with Nigeria’s Federal government to improve tax collection Nigeria: Lagos and Federal Government Partners for Effective Taxation. Following an impressive …
Nigeria: Lagos and Federal Government Partners for Effective Taxation Read MoreAt a time when the nation is in dire need of revenue, the Federal Inland Revenue Service, FIRS has shown massive potential in revenue generation. The Federal Inland Revenue Service, …
2022: FIRS Declares Highest Tax Collection in Nigeria Read MoreIt is safe to say that the advent of technology has revolutionized the way we do a lot of things including taxation, especially for the Nigerian System Nigeria is fast …
Nigeria Offers Instant Tax Certificate Collection Read MoreThe banking sector in Nigeria becomes a major tax contributor in the country Nigeria Income Tax H1’ 22 has shown resilience as dominating Nigerian Banks such as GTB, Access Bank, …
Nigeria Income Taxes H1’ 22: Leading Banks Remit ₦75bn Read MoreThe proposed membership is expected to impact seed exports in the agriculture value chain As part of its efforts to improve the country’s seed export and eventually tax revenue generated, …
OECD: Nigeria Eyes Membership, Portends Tax Growth Read MoreIt has come to light that 45% of Nigeria’s taxes as generated by the government in April and May of 2022 were used to settle a debt. According to the …
Forty-Five Percent of Nigeria’s Tax Revenue Goes Into Debt Servicing Read More