Top 5 Stories Of The Day | Senator Adeola Reveals That Low-income Earners Exempted From Personal Income Tax Under New Law

The Senate has passed the Tax Reform Bill introduced by President Bola Tinubu into law. The bill was first presented by Senate Leader Opeyemi Bamidele and has officially been passed into law after a closed-door session. The Tax Reform Bills are designed to revamp Nigeria’s tax system to enhance revenue generation, simplify compliance, and promote... Read More

News, senate, Tax

September 6, 2022

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God has given me the capacity to crush my enemies – Wike; I’m bigger than Headies, BNXN – Portable | 5 Things That Should Matter Today

God has given me the capacity to crush my enemies – Wike FG suspends 5% tax on telecom services Kyari denies ownership of shopping mall, estate, others Building collapse: Four more corpses recovered, commissioner resigns I’m bigger than Headies, BNXN – Portable Across Nigeria’s 36 states and the Federal Capital Territory, these are the five top... Read More

Rankings

Abba Kyari, BNXN, Building collapses in Lagos, FG, Headies awards 2022, Portable, Tax, Telecom services, wike nyesom

July 29, 2022

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Nigerians will be charged extra for phone, SMS, and data services as FG plans to raise tax to 12.5%

The Federal Government intends to apply a 5% inclusive excise charge on telecommunications services in Nigeria, raising the tax on telecommunications services to 12.5%. The Minister of Finance, Budget, and National Planning, Zainab Ahmed, announced this at a stakeholders’ forum on the implementation of excise duty on telecommunications services in Nigeria, held on Thursday in... Read More

Deep Dive

Data services, phone, SMS, Tax

November 5, 2020

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Why FG’s planned VAT rate increase will do more harm than good

As part of the Federal Government’s revenue generation plan, the Minister of Finance, Budget and National Planning, Zainab Shamsuna Ahmed, announced the intention to increase the rate of Value Added Tax (VAT). One of the claims of the Federal Government is that Nigeria still has one of the lowest VAT rates in the world. A... Read More

Deep Dive

FG, Tax, VAT

November 1, 2018

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Is it too much to ask for integrity from Nigeria’s 2019 presidential candidates?

Once again, Nigeria is at that auspicious moment where it is expected to choose its next set of leaders for the next four years across all strata of government. At the federal level, more than seventy individuals are expected to slug it out with the incumbent President Muhammadu Buhari, the presidential candidate of the ruling All... Read More

Counter Culture Blog

2019, nigeria, Tax

March 13, 2018

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Opinion: Lagos state and the politics of taxation

The government of Lagos state seems to be currently in the eye of the storm over its introduction of a law, a property tax as it were, known as the Land Use Charge Act of 2018, which repeals a similar law of 2001, and consolidates ground rent, tenement rate, and neigbourhood development levy. The Land... Read More

Opinion

opinion, reuben abati, Tax

November 30, 2017

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The YNaija Cover this morning – the 30th of November

Follow the links to read the stories and analyses on YNaija: Senator recommends reduction of salaries of politicians We will get you, if you declare only part of your properties | FG warns Nigerians Wizkid wins Best International Act at the 2017 MOBO Awards | Here’s the full list of winners

Cover Stories

FG, kemi Adeosun, mobo awards, salaries, Senator Adeyeye, Tax, wizkid, YNaija Cover

November 29, 2017

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We will get you, if you declare only part of your properties | FG warns Nigerians

Minister of Finance, Kemi Adeosun has said some tax defaulters have started pleading for more time to pay their debts in the Federal Government’s tax amnesty programme. Adeosun said this on Wednesday while speaking with journalists. What Adeosun said: She said over 500 letters have been sent out under the first batch. “Most of the governors... Read More

The News Blog

declare, FG, Properties, Tax

November 29, 2017

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Only 40 million Nigerians pay tax – Adeosun

Only 40 million pay taxes out of 70 million taxable adults in Nigeria, the Minister of Finance, Kemi Adeosun has said. She spoke yesterday at the first annual lecture of the Lagos State Professorial Chair of Tax and Fiscal Matters held at the Ade-Ajayi Auditorium, University of Lagos. Mrs Adeosun said about 13 percent of... Read More

The News Blog

kemi Adeosun, PAYE, Tax

November 6, 2017

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Nigerians will soon get a new lease of life – Lai Mohammed

The Federal Government has said the administration is winning the battle to revive the Nigerian economy. Minister of Information and Culture, Alhaji Lai Mohammed, said this in Lagos during a press conference titled, ‘The Muhammadu Buhari administration is putting the economy on a winning path.’ According to the minister, Nigerians will soon have a new... Read More

The News Blog

FG, lai mohammed, life, new lease, nigerians, Tax

October 16, 2017

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After NPA ban, Atiku’s company accused of not paying tax

The Federal Inland Revenue Service (FIRS) has accused the Integrated Logistics Services (Intels) of defaulting in tax payment. This comes one week after the Nigerian Port Authority (NPA), terminated its pilotage agreement with the company co-founded by former Vice-president, Atiku Abubakar. “FIRS did not carry out any enforcement on Intels. Our team only pasted a non-compliance sticker... Read More

The News Blog

atiku abubakar, frsc, NPA, pilotage, Tax

October 10, 2017

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Trump laments tax break for NFL over players’ dishonour of flag

Not done with his attack on the NFL, U.S. President Donald Trump has expressed his dissatisfaction for the tax break provision for the league. The President’s anger is premised on the ongoing dispute between the White House and players’ of the football league. Trump challenged the defiance of players to stand in honour of the... Read More

Donald Trump

donald trump, NFL, Tax

September 5, 2017

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FIRS generates N2.11trn tax revenue in 7 months – Report

The Federal Inland Revenue Service (FIRS), generated the sum of N2.11 trillion as revenue from January to July this year – through tax collection. This is contained in a progress report of the FIRS for the period under review obtained by the News Agency of Nigeria (NAN) on Monday, showing the revenue performance and impact of the new... Read More

The News Blog

Federal Inland Revenue Service, FIRS, Tax

August 18, 2017

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Trump’s clashes with CEOs would hinder tax overhaul – financial advisor

Former U.S Treasury Department official, Jim Millstein has said President Donald Trump’s clashes with corporate leaders and lawmakers could hinder progress on issues such as a tax overhaul. In an interview with Bloomberg Television on Thursday, Millstein said “The president’s got a long hill to climb.” “The presidency is important to getting major legislation passed,... Read More

Donald Trump

CEO's, Charlottesville, clashes, donald trump, Tax

August 8, 2017

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FG lists 27 industries to enjoy tax holiday

The Federal Government has announced a list of 27 new industries that qualified for tax holiday after the administrative suspension on processing Pioneer Status Incentives (PSI) applications. The Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah, told journalists yesterday in Abuja that the pioneer status initiative seeks to enhance the survival, profitability and sustainability... Read More

The News Blog

Pioneer Status Initiative, Tax, tax holiday

August 5, 2017

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FBI arraigns Nigerian for fraud, identity theft

A Nigerian, Daniel Adekunle Ojo, has been arrested by the FBI in Durham, North Carolina and charged with fraud and identity theft offences. Ojo had allegedly been using a phishing scheme, using an AOL and Gmail accounts that targeted school districts in Connecticut and Minnesota in an effort to get employees’ personal information and file... Read More

The News Blog

Adekunle Ojo, Cyber crime, financial fraud, Identity theft, Tax

August 3, 2017

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Tax will be placed on first class, business class tickets, luxury goods – Adeosun

Minister of finance, Kemi Adeosun says the Federal Government has signed a policy to tax first class and business class air tickets alongside other luxury goods, TheCable reports. Answering questions from Nigerians on Thursday morning, via Facebook, the minister was asked what her thoughts were on taxing first class tickets and luxury coaches, and she... Read More

The News Blog

business class tickets, first class tickets, kemi Adeosun, luxury, Tax

August 1, 2017

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Lagos provides more than half of Nigeria’s VAT – Adeosun

Minister of Finance, Kemi Adeosun has said more than half of Nigeria’s value added tax (VAT) comes from Lagos state. Adeosun said this while speaking at the parley between the federal government and progressive governors forum (PGF) in Abuja on Tuesday. She said only 13 percent of Nigeria’s VAT comes from 32 other states in the... Read More

The News Blog

kemi Adeosun, lagos, nigeria, Tax, VAT

July 20, 2017

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Killing of Nigerians in Bakassi cannot be confirmed | Army, Police, others say

The Nigerian Army and the Nigerian Navy have dismissed reports of the killing of 97 Nigerians in Bakassi Peninsula over refusal to pay a N100, 000 fishing boat tax imposed on them. The Nigeria Police, the Nigeria Immigration Service as well as the Ministry of Foreign Affairs, also said no Nigerian was killed in the... Read More

The News Blog

Bakassi, confirmed, killings, nigerians, Tax

July 5, 2017

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We will ask you questions if you earn N2m and your house is worth N50m – Fowler

Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler has said tax declaration should commiserate with lifestyle of the payee. He said this while speaking on Arise TV about the Voluntary Asset and Income Declaration Scheme (VAIDS). He said questions will be asked if a person says he or she earns N2 million and... Read More

The News Blog

Babatunde Fowler, questions, Tax, VAIDS

June 16, 2017

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Cristiano Ronaldo makes ‘irreversible’ decision to quit Real Madrid

Real Madrid star Cristiano Ronaldo has made an ‘irreversible’ decision to leave the club, reports say. According to reports, Ronaldo is angry at his treatment by Spanish tax authorities and wishes to leave the country. Portuguese daily, A Bola on Friday said a lawsuit has been brought against Ronaldo by Spanish prosecutors over €15m tax that they believe... Read More

The News Blog

cristiano ronaldo, irreversible, quit, real madrid, spain, Tax

June 11, 2017

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The Church Blog: Bauchi wants to start taxing churches and mosques. We agree

Bauchi’s government has a convoluted policy on taxation of religious organizations, but we agree with the spirit of its decision. Convoluted because, according to Baba Madubi, Commissioner for religious affairs and community relations, the government has spent at least N95,111, 300 for Quranic recitation competitions in the last two years. “The ministry intends to embark... Read More

Church Culture

Bauchi, MOSQUES, nigeria, policy, Tax, The Church Blog

May 5, 2017

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7 things American Health care act (Trumpcare) changes for US healthcare system

by Itunuoluwa Adebo The U.S. House of Representative passed the American Health Care Act(already referred to as Trump-care) by a margin of only four votes. Here are 10 things that the legislation will change in healthcare if ultimately enacted with all current provisions; 1. Replaces Obamacare premium subsidies with tax credits All of the Obamacare... Read More

The News Blog

.US, healthcare, insurance, obama, subsidies, Tax, trump

April 13, 2017

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FIRS to introduce electronic tax clearance certificate

by Azeez Adeniyi The Federal Inland Revenue Service (FIRS) has said it would soon introduce electronic Tax Clearance Certificate (TCC) system. Director ICT, FIRS, Kola Okunola said this in a presentation at the ongoing training by Journalism.com Ltd., in collaboration with FIRS on Thursday in Abuja. He said the system was already undergoing user’s acceptance... Read More

The News Blog

electronic verification, FIRS, implement, Tax

April 10, 2017

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Opinion: The value of toll gates to Nigerians

by David Temitope The Roman Empire under the rule of Emperor Julio Caesar constructed and commissioned roads (viae) in 44 BC. The construction of these roads was solely by the Government, and a year later in 45 BC; there were challenges of maintenance and congestion on several roads. The Emperor then decreed that goods transporting... Read More

Opinion

development, government, nigerians, opinion, Tax, Toll gates

March 15, 2017

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Trump paid $38m income tax in 2005 – White House

by Dolapo Adelana The White House on Tuesday said President Donald Trump earned more than $150 million in income and paid $38 million in taxes. The White House gave the details after US TV network MSNBC leaked two pages of Trump’s partial tax return. A White Official said this was after taking into account large... Read More

The News Blog

$38million, donald trump, MSNBC, Tax

November 30, 2016

0 Comment

Buhari’s govt wants to tax Nigerians to death – Fayose

Ekiti State governor, Ayodele Fayose has said the administration of President Muhammadu Buhari was ready to impose more tax on Nigerians that will further impoverish them. In a statement by his Special Assistant on Public Communications and New Media, Lere Olayinka, Fayose said the Federal Government “wants to tax Nigerians to death.” “If the only... Read More

The News Blog

Ayodele Fayose, nigerians, President Muhammadu Buhari, Tax

Top 5 Stories Of The Day | Senator Adeola Reveals That Low-income Earners Exempted From Personal Income Tax Under New Law

Top 5 Stories Of The Day | Senate President Godswill Akpabio Alleges That Only 30% Nigerians Pay Tax

Senate Passes President Tinubu’s Tax Reform Bill

God has given me the capacity to crush my enemies – Wike; I’m bigger than Headies, BNXN – Portable | 5 Things That Should Matter Today

Nigerians will be charged extra for phone, SMS, and data services as FG plans to raise tax to 12.5%

Why FG’s planned VAT rate increase will do more harm than good

Is it too much to ask for integrity from Nigeria’s 2019 presidential candidates?

Opinion: Lagos state and the politics of taxation

The YNaija Cover this morning – the 30th of November

We will get you, if you declare only part of your properties | FG warns Nigerians

Only 40 million Nigerians pay tax – Adeosun

Nigerians will soon get a new lease of life – Lai Mohammed

After NPA ban, Atiku’s company accused of not paying tax

Trump laments tax break for NFL over players’ dishonour of flag

FIRS generates N2.11trn tax revenue in 7 months – Report

Trump’s clashes with CEOs would hinder tax overhaul – financial advisor

FG lists 27 industries to enjoy tax holiday

FBI arraigns Nigerian for fraud, identity theft

Tax will be placed on first class, business class tickets, luxury goods – Adeosun

Lagos provides more than half of Nigeria’s VAT – Adeosun

Killing of Nigerians in Bakassi cannot be confirmed | Army, Police, others say

We will ask you questions if you earn N2m and your house is worth N50m – Fowler

Cristiano Ronaldo makes ‘irreversible’ decision to quit Real Madrid

The Church Blog: Bauchi wants to start taxing churches and mosques. We agree

Your tax, your child and the future

7 things American Health care act (Trumpcare) changes for US healthcare system

FIRS to introduce electronic tax clearance certificate

Opinion: The value of toll gates to Nigerians

Trump paid $38m income tax in 2005 – White House

Buhari’s govt wants to tax Nigerians to death – Fayose

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