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Category: Tax

VAT REVENUE HITS N563.72 BILLION

VAT REVENUE HITS N563.72 BILLION

By Taisha Posted on 28/03/2022 Posted in News, Tax

… Manufacturing, 2 Other Sectors Contribute Most The manufacturing, information and communication, and mining sectors were the largest contributors to the value-added tax (VAT) revenue which hit N563.72 billion in Q4 2021, according to the latest data from the National …

VAT REVENUE HITS N563.72 BILLION Read more »

FIRS SAYS FINANCE ACT 2021 CRITICAL TO ADDRESSING BUDGET FUNDING

FIRS SAYS FINANCE ACT 2021 CRITICAL TO ADDRESSING BUDGET FUNDING

By Taisha Posted on 21/02/2022 Posted in News, Tax

The Federal Inland Revenue Service, FIRS, has said that the Finance Act 2021 was critical to addressing budget funding, a measure that it would achieve by collaborating with taxpayers and key stakeholders. The FIRS made this known in a statement …

FIRS SAYS FINANCE ACT 2021 CRITICAL TO ADDRESSING BUDGET FUNDING Read more »

FIRS GENERATED N4.396 TRILLION IN TAXES FROM NON-OIL SECTOR IN 2021

FIRS GENERATED N4.396 TRILLION IN TAXES FROM NON-OIL SECTOR IN 2021

By Taisha Posted on 07/02/2022 Posted in News, Tax

The Federal Inland Revenue Service (FIRS) has disclosed that it generated the sum of N4.396 trillion in taxes from non-oil sector in 2021 compared to N2.507 trillion collected in 2017. This was disclosed by the FIRS chairman, Muhammad Nami in …

FIRS GENERATED N4.396 TRILLION IN TAXES FROM NON-OIL SECTOR IN 2021 Read more »

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12 Ajayi Road,
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Ogba,
Lagos.
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