Windfall Tax Will Hamper Banks’ Capital Raising –Rating Agency
As banks race to raise enough funds to meet the new capital requirement, the new windfall tax being introduced by ...
Tag: Tax
CAC Issues 90-day Deadline For 91,000 Dormant Firms To File Annual Tax Returns
The Corporate Affairs Commission (CAC) has given over 91,000 dormant companies a 90-day grace period to file all their outstanding ...
FG Exempts Farmers, Manufacturers, MSMEs From Withholding Tax
The federal government has approved a new tax regime that exempts manufacturers and producers such as farmers and small businesses ...
Firms’ Income Tax Drops 12% Amid Declining Profit
Company Income Tax (CIT) paid by local and foreign companies in Nigeria declined by 12 per cent in the first ...
Tax Reform Committee Recommends N800/$1 Exchange Rate For Customs Duties
The Presidential Committee on Fiscal Policy and Tax Reforms has recommended that the federal government adopt an exchange rate of ...
Taxes: FG Plans Single Revenue Platform For States
The federal government has said it is working on building a single revenue generation platform for national implementation of tax ...
Lagos Affirms January 31 Deadline For Submission Of Annual Tax Returns
The Lagos state government, through the Lagos State Internal Revenue Service (LIRS) has insisted that its January 31st, 2024 deadline ...
Experts Seek Informal Sector Inclusion In Tax For Revenue Generation
Tax experts have proposed an expansion of the tax net to encompass the informal sector and unregistered businesses. The development ...
Examining Tinubu’s Tax Suspension: Implications For Nigerian Businesses, Economy
In a bold and unprecedented move, President Bola Tinubu has shaken up the country’s economic landscape by suspending key tax ...
Economic Downturn: Federal Govt Earnings From Company Tax Drops By 37% In Q1
Following a downturn of economic activities in the first three months of the year due to the scarcity of cash ...