Okomu Oil Palm reports N32.9bn pre-tax profit in 2023
Nigeria’s top oil palm production firm, Okomu Oil Palm, has revealed its financial results for FY 2023, reporting a pre-tax profit of N32.9…
Tax
FG can train area boys to be tax officers – Oyedele
The Chairman of Presidential Tax and Fiscal Policy Reform, Taiwo Oyedele, has spoken about the ongoing efforts to cut different taxes at the state…
How IRS will tax Bitcoin ETFs
With only one share, investors may get exposure to a wide range of assets and industries thanks to exchange-traded funds also known…
LIRS sets January 31st deadline for filing tax returns
The Lagos State Internal Revenue Service has set January 31st, 2023 as the deadline for businesses and individuals to file their annual tax…
Delta fixes annual tax returns deadline for March
Delta State employers and self-employed persons have been allowed until January 31, and March 31, 2024, respectively, to voluntarily file their yearly…
Abuja Chamber urges FG, states to harmonize tax policies
The Abuja Chamber of Commerce and Industry called on the federal and state governments on Monday to streamline the numerous tax systems in…
Oil, manufacturing sectors got highest tax exemption in 2022 – Report
The Federal Government gave the greatest tax exemption to operators in the country’s oil and manufacturing sectors in 2022, totaling N1.42 trillion.…
Presidential committee to cut taxes, levies by 83%
The chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, stated that the goal of his committee…
Consumer, company taxes rise 96% to N2.3tn – Report
Tax income from businesses and consumers increased by 96.11 percent to N2.31 trillion in the second quarter of 2023, representing a significant…
Health ministry to raise sugar tax to 20%
The Federal Ministry of Health has demonstrated its dedication to augmenting the tax on Sugar-Sweetened Beverages, proposing an increase from…
No customs duty, VAT on CNG conversion kits imports- Presidency
The importation of compressed natural gas conversion kits into the country is exempt from both customs duties and value-added taxes. This was expressed…
Tinubu’s tax committee chair demands diesel VAT suspension
The chairman of the presidential committee on tax policy and fiscal reforms, Taiwo Oyedele, has stated that the value-added tax on automotive petrol oil,…