The Lagos State Internal Revenue Service has set a deadline of January 31 for all businesses and employers in the state to file their annual income tax returns. The Lirs said the move is in line with Section Eighty-One of the Personal Income Tax Act of 2004, as amended. The Executive Chairman of the LIRS, Ayodele Subair,…
The Federal Government has revealed that it plans to raise up to ten point seven trillion naira this year. Part of that money is expected to come in through taxation, including a newly introduced ten percent tax on soft drinks. The Minister of Finance, ZAINAB AHMED, made the announcement during a breakdown of the 2022 Budget in…
The Federal Inland Revenue Service has reported a revenue of four point nine-five trillion-naira last year. The FIRS says the among represents ninety-eight percent of its revenue target for 2020. In a message shared on its Twitter handle, the FIRS said it was prepared to do more this year, 2021.
Nigerians and groups within the country have spoken out against the imposition of six percent stamp duty on rent and lease agreements. Social and Economic Rights Accountability Project, SERAP, is among the groups that have taken a hard stance against the policy, which has become a trending topic on Twitter. In a short message repeated several times…