News

President Tinubu vows to end Nigeria’s overreliance on borrowing for public expenditure

By The Insight Team August 8, 2023 166

… sets 18% Tax to GDP target in 3 years President Bola Tinubu on Tuesday in Abuja expressed his resolute commitment to break the vicious cycle of overreliance on borrowing for public spending, and the resulting burden of debt servicing it places on the management of Nigeria’s limited government revenues. Inaugurating the Presidential Committee on […]Continue Reading

News

FIRS extends due date for filing 2023 Companies Income Tax returns

By The Insight Team July 11, 2023 165

Companies that were unable to file their Companies Income Tax returns for the 2023 year of assessment (YOA) that fell due on the 30th of June 2023 have been given up to 31st August, 2023 to submit their returns to the Federal Inland Revenue Service (FIRS). The FIRS in a Public Notice signed by its […]Continue Reading

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President Tinubu sets up Committee on Tax Reforms

By The Insight Team July 7, 2023 199

…names Taiwo Oyedele as Chairman In consonance with his promise to remove all barriers impeding business growth in Nigeria, President Bola Tinubu has approved the establishment of a Presidential Committee on Fiscal Policy and Tax Reforms. The committee will be chaired by Fiscal Policy Partner and Africa Tax Leader at PriceWaterhouseCoopers (PwC), Mr. Taiwo Oyedele. Continue Reading

Business

Multiple Taxation: FIRS Partners With Market Traders Association of Nigeria (MATAN) For VAT Remittance From Informal Sector

By The Insight Team June 22, 2023 170

The Federal Inland Revenue Service (FIRS) has partnered with the Market Traders Association of Nigeria (MATAN) to collect and remit Value Added Tax (VAT) to the FIRS from the country’s markets, especially in the informal sector. The Association which has a membership of well over 40 million traders across the country’s 774 local governments, and […]Continue Reading

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Tax administrators must match the pace Of global technological advancements — CATA President

By The Insight Team March 20, 2023 198 0

  Tax administrators must keep up with the dynamics occasioned 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.   This was the position expressed by the President of the Commonwealth Association of Tax Continue Reading