The Civil Society Legislative Advocacy Centre, CISLAC has released a report that further shows that illicit financial flow is fast becoming a major defect of the Nigerian tax system.
Month: October 2021
Average Transportation Paid by Commuters in Nigeria Rises 40.56% in 1 Year
The rise in transportation fare according to the NBS is across the nation.
e-Naira Launches With 90 Days Free Transaction
All transactions with the newly launched digital currency will now go for free in the next 3 months.
Finally, CBN’s e-Naira is to Officially Launch on Monday
The stage is set for Nigeria first official digital currency
FIRS Gives Strategy on Capturing the Informal Sector into Tax Net
In a bid to capture the informal sector into the tax net, the FIRS has proposed the introduction of road tax
See CITN’s Diagnoses of Issues Plaguing Nigeria’s Tax System
CITN points attention to poor tax compliance on obsolete legislation, poor database as limiting factors against the efficacy of the tax administration
FG Loses ₦5.16tn to Different Tax Reliefs in 2020
The loss on these reliefs are from Value Added Tax, Corporate Income Tax, and Petroleum Profit Tax
Contrary to Finance Act 2020, Airline Operators Laments Continuous Collection of VAT on Imported Items
The aviation sector under the aegis of Airline Operators of Nigeria, AON has registered displeasure over the Nigerian Customs Services still collecting charges like VAT on imported aircraft and spare parts against the provisions of Finance Act 2020
CITN’s Report Shows FG Generated ₦127.04bn From Stamp Duty Between 2015 and Mid 2020
Stamp duty continues to show its revenue-generating potentials
Nigeria Missing as 24 Low-Income Countries Gets Debt Relief
Despite the country’s huge debt profile, IMF’s fourth round of debt relief didn’t include Nigeria