Google, Netflix, META and other foreign companies operating in Nigeria paid ₦2.57 trillion in taxes to the federal government within the first nine months of 2024, according to the National Bureau of Statistics. The figure represents a 44% increase from the ₦1.79 trillion recorded during the same period last year, the NBS said. The NBS’s…

Kano State Government has targeted to generate over N20 billion in revenue in the 2025 fiscal year as part of the state’s critical tax reform

Authorities in Zimbabwe have said that churches across the country will start paying taxes. The Zimbabwe Revenue Authority (ZIMRA) disclosed this on Thursday in a statement directed at all churches. ZIMRA said the forum aims to address tax compliance across all applicable tax categories, as part of its commitment to transparency and compliance support. ZIMRA…

The Federal Government has unveiled a comprehensive tax reform agenda aimed at simplifying Nigeria’s tax system, eliminating over 50 redundant taxes, and ensuring fairness for individuals and businesses. Speaking at a briefing in Asaba, Delta State, the Director-General of the National Orientation Agency (NOA), Mallam Lanre Issa-Onilu, represented by Mrs. Rebecca Nasamu, stressed the need…

Despite the rising headwinds with some companies closing shops, the government earned a total of N5.22 trillion from company income tax (CIT) in the first nine months of the year.

The biting economic hardship has dragged company income tax (CIT) down to N1.77 trillion in the third quarter of 2024 (Q3). This is a 28.20 percent drop compared to the N2.47 trillion in Q2 2024. However, on a year-on-year basis, CIT collections in Q3 2024 increased by 1.37 percent from the N1.75 trillion recorded in…

It was a colourful Thursday afternoon, a day of joy, liberation, and unprecedented change in the 70-year history of the Federal Inland Revenue Service (FIRS) since its founding in 1943. A moment that would be remembered for years. Hundreds of staff members gathered, clad in beautiful attire with dance, music, and pageantry, ushered a leader…

Three persons arrested by the Vigilante Group of Lokoja Local Government area on Illegal Tax Activity were arraigned in Lokoja, Kogi State before the Chief Magistrate Court 1 on Wednesday. The trio Abba Emmanuel, Umar Abubakar, and Kingsley Dan'sebe were arraigned before Abdullahi Musa Mopa for the offences of Criminal Conspiracy, Causing Obstruction of Public Highway,…

Experts have urged tax professionals on best practices in integrating artificial intelligence (AI) and emotional intelligence (EI) to achieve an effective tax administration. The experts spoke at the Chartered Institute of Taxation of Nigeria's (CITN) fourth Seminar on Information, Communication and Technology (ICT) and Taxation. Speaking on 'Balancing AI and EI in Tax', Certified EQ…

The presidential candidate of the New Nigeria Peoples Party (NNPP) in the 2023 elections, Rabiu Kwankwaso, has alleged that some Lagos forces plan to colonise Northern Nigeria. Kwankwaso, a former governor of Kano State, also alleged that Lagos is playing a role in the issues bedeviling the Kano emirate. He made this known during the…

Akwa Ibom State Revenue Service said it would commence full digitalisation of all tax collection processes in the state beginning from the 2025 fiscal year. Executive chairman of the service, Mr Okon Okon, stated this while briefing newsmen in Uyo, the state capital, on Sunday to highlight a two-day strategic session for the 2025 fiscal…

The Tertiary Education Trust Fund (TETFund) has said the upward review in Education Tax from 2.5 to 3 per cent has yielded impressive results in funding projects for its beneficiary institutions. Executive Secretary of the Fund, Sonny Echono stated this on Monday in Abuja at a one-day strategic interactive engagement with heads of beneficiary institutions.…