New tax laws: Nigerians don’t trust Tinubu’s govt on expenditure – Financial Analyst, Aja
Financial analyst Aja has expressed concern over Nigerians’ lack of trust in the federal government regarding the implementation of new tax laws. According to him, citizens are worried that revenue collected may not be spent transparently or efficiently. Aja highlighted that past experiences with government spending have made many Nigerians cautious about accepting new tax […]
National Revenue Service: FIRS, security agencies step up alliance ahead Jan 1
The Federal Inland Revenue Service (FIRS) has announced a closer collaboration with security agencies to ensure compliance and safeguard revenue collection ahead of January 1. The move aims to prevent tax evasion and secure sensitive financial operations across the country. FIRS officials revealed that the partnership will involve joint monitoring, intelligence sharing, and coordinated inspections. […]
It’s not new – FIRS clarifies 4% development levy
The Federal Inland Revenue Service (FIRS) has clarified that the widely discussed 4% development levy is not a new charge. According to the agency, the levy has been part of Nigeria’s tax system for years, but many businesses and individuals only recently became aware of it. FIRS stressed that the levy was already established under […]