Tag: Tax Remittance

Nigeria has best return on investments, Tinubu tells Indian investors
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Tinubu suspends 5% telecom tax

President Bola Tinubu has signed four executive orders, including the suspension of the 5% excise tax on communications services and the rise of excise duty on domestically manufactured goods. The president’s special assistant on special tasks, communications, and strategy, Dele Alake, revealed, this to state house correspondents on Thursday. The telecom tax was part of the new […]

FCT IRS warns contractors against tax remittance error
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FCT IRS warns contractors against tax remittance error

Ministries, Departments, Agencies, and contractors operating in the Federal Capital Territory of Nigeria have been asked by the FCT-IRS to properly submit Withholding Tax. According to FCT-IRS, WHT for limited liability organizations is paid to the Federal Inland Revenue Service, whereas WHT for businesses and independent contractors is paid to either the state’s internal revenue […]

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