FAAC Distributes N1.727 Trillion to FG, States, and LGAs for November
The Federation Accounts Allocation Committee (FAAC) has distributed N1.727 trillion among the Federal Government, state governments, and local government councils ...
Tag: Tax
Bank Directors Commits to Support Inclusive Tax Reforms
The Bank Directors Association of Nigeria (BDAN) has reaffirmed its commitment to fostering fiscal policies that strengthen Nigeria's financial ecosystem. ...
Nigeria Loses $492 Billion Annually Due to Global Tax Evasion, Report Reveals
A recent report by the Tax Justice Network has exposed the extent of global tax abuse, revealing that Nigeria loses ...
Speaker Abbas Calls for Fair and Transparent Tax Reforms to Support Nigerian Businesses
The Speaker of the House of Representatives, Rt. Hon. Abbas Tajudeen, has emphasized the need for fair and transparent taxation ...
Tax Reform Bill to Eliminate Subnational Consumption Taxes, Says Oyedele
Taiwo Oyedele, Chairman of the Presidential Tax Reform Committee, has revealed that the upcoming tax reform bills will remove all ...
State Road Taxes Surge by 63%, Reflecting Increasing Financial Strain On Citizens
Road tax collections by Nigerian state governments surged by 63% in 2023, highlighting a crucial revenue stream for state-level budgets ...
Northern Governors Reject Derivation-Based VAT Distribution Model, Urge National Assembly Opposition
The Northern Governors Forum, led by Gombe State Governor Muhammed Inuwa Yahaya, has firmly rejected the proposed derivation-based model for ...
95% of Businesses and Individuals operating in the informal sector to be Excluded from Paying any tax, Taiwo Oyedele
Vice President Kashim Shettima has emphasized that the tax reforms under President Bola Ahmed Tinubu's administration aim to enhance the ...
Federal Government Plans Suspension of Low-Revenue Taxes to Boost Businesses
The Federal Government, through the Presidential Committee on Fiscal Policy and Tax Reforms, is set to engage state governors in ...
Finnovo Services Launches Tax Virtual Accounting Solutions for Nigerian SMEs and Startups
Finnovo Services Limited has unveiled a suite of virtual accounting, tax, and compliance services tailored for Nigeria's business landscape, with ...
