Instead of further delay, sources have it that firms are already remitting August 2021 VAT returns to the FIRS, against the claims and counterclaims of Rivers and Lagos State
Tag: 2020 in Review
Few Hours to Taxmobile’s September 2021 Panel Discussion; Here’s What to Look out for
Today’s session is scheduled to feature topical issues from the ragging Value Added Tax controversies to other tax significant issues.
States Experience Major Shakes in IGR, See Performances in 2020
According to the NBS, States IGR fell by ₦20billionn to ₦1.31trillion in 2020
2020 in Review: Bumper Harvest for Dangote Cement, Tax Administration
The tax administration is expected to rake in a whopping ₦97b as corporate tax from Dangote Cement
2020 in Review: DPR Shows Resilience in the Face of Oil Drop, COVID-19, Generates ₦2 Trillion
DPR adds massively to IGR generated by the Federal Government in 2020. Joins the fray of Taxation to shore-up IGR.
Why Revenue Generating MDAs are under Senate Investigation
Investigating these MDAs according to a statement by the Senate, commenced on Wednesday 10th March 2021.
2020 in Review: Rising Concerns over FIRS’ Inability to Meet Revenue Projections even as Recurrent Spending Increases
FIRS has accredited its failure to meet 2020 financial projections on the Covid-19 pandemic and the aftermath of #EndSARS protest that kept businesses closed for months.
2020 in Review: Did You Know that Contrary to Stamp Duties Act, Court Declared ₦50 Stamp Duty Charges on Bank Deposits, Transfers Illegal?
A federal high court in Asaba last year, December 11 2020 declared the deduction of stamp duty charges by Nigerian banks as illegal.
An indicator that Agriculture may be the New Revenue Giant for the Nigerian Economy
Nigeria’s agriculture sector recorded a growth of 2.17 percent in 2020.
2020 in Review: Tax Growth Threatened as Nigeria no Longer Top Destination for Start-ups Investment Deal
Kenya has overtaken Nigeria as the most attractive destination on the continent for start-ups venture capital (VC) investment deals in 2020 despite the COVID-19 pandemic.