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Tag: 2020 in Review

Manufacturers and Service-Based Companies Begin August 2021 VAT Remittance to FIRS
FIRS, VAT

Manufacturers and Service-Based Companies Begin August 2021 VAT Remittance to FIRS

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

September 27, 2021September 27, 2021By Amosu Jeremiah3 mins read
Few Hours to Taxmobile’s September 2021 Panel Discussion; Here’s What to Look out for
Feature

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.

September 16, 2021September 16, 2021By Amosu Jeremiah2 mins read
States Experience Major Shakes in IGR, See Performances in 2020
Feature, General

States Experience Major Shakes in IGR, See Performances in 2020

According to the NBS, States IGR fell by ₦20billionn to ₦1.31trillion in 2020

April 20, 2021April 20, 2021By Amosu Jeremiah4 mins read
2020 in Review: Bumper Harvest for Dangote Cement, Tax Administration
Company Income Tax, Feature, General

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

March 26, 2021March 26, 2021By Amosu Jeremiah3 mins read
2020 in Review: DPR Shows Resilience in the Face of Oil Drop, COVID-19, Generates ₦2 Trillion
Feature, General

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.

March 18, 2021March 18, 2021By Amosu Jeremiah2 mins read
Why Revenue Generating MDAs are under Senate Investigation
Feature, General

Why Revenue Generating MDAs are under Senate Investigation

Investigating these MDAs according to a statement by the Senate, commenced on Wednesday 10th March 2021.

March 16, 2021March 16, 2021By Amosu Jeremiah3 mins read
2020 in Review: Rising Concerns over FIRS’ Inability to Meet Revenue Projections even as Recurrent Spending Increases
Feature, FIRS, General

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.

March 8, 2021March 8, 2021By Amosu Jeremiah4 mins read
2020 in Review: Did You Know that Contrary to Stamp Duties Act, Court Declared ₦50 Stamp Duty Charges on Bank Deposits, Transfers Illegal?
General

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.

February 26, 2021February 26, 2021By Amosu Jeremiah7 mins read
An indicator that Agriculture may be the New Revenue Giant for the Nigerian Economy
Feature, General

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.

February 19, 2021February 19, 2021By Amosu Jeremiah2 mins read
2020 in Review: Tax Growth Threatened as Nigeria no Longer Top Destination for Start-ups Investment Deal
Feature, General

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.

February 17, 2021February 17, 2021By Amosu Jeremiah2 mins read

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