Tax
Drama in Senate as FG officials defend Tinubu’s tax reform bills
Amid a charged atmosphere on Wednesday, officials of the Federal Government appeared before senators to shed more light on President Bola Tinubu’s controversial tax reform bills. The Chairman of the Presidential Fiscal Policy on Tax Reform Committee, Mr Taiwo Oyedele; the Chairman of the Federal Inland Revenue Service (FIRS), Mr Zacch Adedeji, and the Director […]
New withholding tax regulations take effect from January 2025, says FIRS
The Federal Inland Revenue Service (FIRS) has notified taxpayers, and tax practitioners that the new gazetted withholding tax regulations will take effect from January 1, 2025. The new withholding tax regulations were published by the federal government on Wednesday. Withholding tax (WHT) is an advance payment of income tax collected on dividends, rent, consulting, and […]
Kaduna Revenue Service seals MTN, Glo, Airtel masts over N5.8bn tax
The Kaduna State Internal Revenue Service, KADIRS, has on Thursday, sealed telecommunication masts in the state belonging to MTN, Globacom and Airtel over failure to pay taxes totaling N5.8bn. In a statement by the Head of Corporate Communications Kaduna IRS, Zakari Muhammad, “Kaduna State Internal Revenue Service, in the exercise of its powers vested in […]
FIRS denies plans to tax online content creators
The Federal Inland Revenue Service (FIRS), says it has no plans to tax online content creators. According to a staff of the agency who spoke under the condition of anonymity, skit makers are individuals who do not fall within the purview of the FIRS. “FIRS does not tax Personal Income Tax, state governments do. “FIRS […]