The President of the Commonwealth Association of Tax Administrators (CATA), Mr. Muhammad Nami, has advised tax administrators to update their knowledge onthe dynamics being triggered by disruptive new technologies of the 21st century, and arm themselves with the necessary skills, capacity and character for effective and efficient tax administration in the fourth industrial revolution age. […]
The Nigeria Customs Service Ogun I Area Command has reported N28.4 million as revenue generated through import duties, auction sales of scrap vehicles and petroleum products. The Command’s Area Controller, Comptroller Bamidele Makinde, who made this disclosure explained that genuine imported goods were assessed and processed under the Economic Community of West African States (ECOWAS) […]
Nigeria’s Federal Inland Revenue Service (FIRS) and the United Kingdom’s His Royal Majesty’s Revenue and Customs (HMRC) have signed a Memorandum of Understanding (MoU) for the purposes of improved collaboration on capacity building for their manpower resource. Speaking during the MoU signing event in London, the Executive Chairman of the FIRS, Mr. Muhammad Nami, explained […]
The National Bureau of Statistics (NBS) on Wednesday reported that on the aggregate, Nigeria’s Company Income Tax (CIT) collections for Q4 2022 totalled N753.88 billion, representing N56.31 billion decline from the N810.19 billion collections in the preceding quarter. The NBS, in its just published ‘Company Income Tax Q4 2022’ report disclosed that out of the […]
The National Bureau of Statistics (NBS) has reported that on the aggregate, Nigeria’s Value Added Tax (VAT) collections for Q4 2022 increased to N697.38 billion, representing a growth rate of 11.51% on a quarter-on-quarter basis from N625.39 billion in Q3 2022. The statistics agency, in its just published report titled ‘Value Added Tax (VAT) Q4 […]
President Muhammadu Buhari has urged the world’s developed countries to grant duty-free and quota-free market access for exports from the world’s 46-least developed countries (LDCs) in order to promote fairness and boost the global merchandize trade. Buhari, who was quoted as making the call in a statement by his media aide, Garba Shehu, during the […]
The Federal Operations Unit Zone ‘B’ Kaduna has reported that it recorded 130 seizures of different contraband items at various locations in the Zone with total Duty Paid Value (DPV) of N305.71 million from January to February this year The Zonal Public Relations Officer, Superintendent of Customs (SC), I. Sulaiman, listed the seized items as […]
….as FIRS, LIRS sign MoU on joint tax audit, investigation Lagos State Governor, Mr. Babajide Sanwo-Olu, has stressed the need for all revenue agencies in the country to work together by widening the tax net to raise the country’s tax to GDP ratio. The governor gave this charge on Monday during the […]
The Executive Chairman of the Federal Inland Revenue Service, Muhammad Nami, has said that the Public Service Person of the Year 2022 award conferred on him by Leadership Newspaper is a morale booster for the revenue agency to do more in furtherance of the fulfillment of its mandate. Nami made this remark during a chat […]
The governor of the Central Bank of Nigeria, Godwin Emefiele, on Tuesday debunked ongoing rumour that the apex bank was withholding N89 trillion revenue accruals from Stamp Duty, saying the rumour is ill-founded and untrue. Emefiele made this clarification while briefing journalists at the end of the 289th meeting of the Monetary Policy Committee (MPC) […]