The Federal Inland Revenue Service (FIRS) has embarked on a restructuring effort to better serve taxpayers and enhance revenue collection. This initiative includes the introduction of a new slogan, "Simplifying Tax, Maximizing Revenue," which replaces the previous slogan, "It Pays To Pay Your Tax." This change shows FIRS's commitment to a more taxpayer-friendly approach.

The Presidential Committee on Fiscal Policy and Tax Reforms has recommended that the federal government adopt an exchange rate of ₦800 per dollar for Customs import duty. This proposal was announced by the committee’s chairman, Taiwo Oyedele, during a press briefing in Lagos on Thursday. Oyedele highlighted the challenges businesses face due to the volatility…

President Bola Tinubu's reforms may have been described as a soap opera capable of dividing the country from top to bottom by critics. However, the former Lagos State Governor has continued to assure those who care to listen that his coordinated economic reforms are anchored on strong adherence to transparency and accountability. Nonetheless, there are…

The Federal Government must explore new and innovative ways of expanding the tax base and ensure Nigerians do not see taxes as an additional burden, Lagos State Governor, Babajide Sanwo-Olu, has said.

Andres Iniesta said he has paid additional tax owed in Japan over his failure to declare part of his income, but claimed that he had also declared the earnings in Spain.

The Federal Inland Revenue Service (FIRS) has announced the launch of a new self-registration module on its Tax Administration Solution platform, TaxPro-Max.

Spanish prosecutors on Wednesday called for Real Madrid coach Carlo Ancelotti to be jailed for four years and nine months for allegedly failing to declare earnings to the tax office.