…generates N3.5tn from taxes in eight months The Executive Chairman, Federal Inland Revenue Service, Mr Tunde Fowler, said on Thursday that the government would sell properties built and developed in corporate names across the country on which taxes were not being paid. Fowler disclosed this in Lagos at a stakeholders’ meeting, where he noted that […]

Following extensive deliberations with stakeholders on the new rates payable by property owners under the Lagos State Land Use Charge (LUC) Law, the State Government on Thursday announced a major reduction in the rates and as well waived the penalty for late payments across board. The State’s Commissioner for Finance, Mr Akinyemi Ashade, who disclosed this while […]

As the tax amnesty programme under the Voluntary Assets and Income Declaration Scheme comes to an end on Saturday, June 30, the Federal Inland Revenue Service and the Economic and Financial Crimes Commission have agreed to begin a massive clampdown on tax defaulters that fail to take advantage of the twelve months tax amnesty window. […]