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Tax - Page 2

Soft Drink Prices To Rise, Jobs At Risk Over FG’s 20% Tax, As Producers Lament

New Tax Will Collapse Soft Drinks Sector – Manufacturers

The carbonated soft drinks sub-sector of the Manufacturers Association of Nigeria (MAN) has raised the alarm over Federal Government’s proposed 20 per cent ad-valorem excise tax on non-alcoholic beverages. The new policy will affect the widely consumed Carbonated Soft Drinks (CSD) segment.

November 18, 2022

Editorial·News

Double Whammy In NDIC, AMCON Travesty For Banks

If the Asset Management Corporation of Nigeria (AMCON) is a going concern and would continue to buy bad loans and bad banks, what then is the need for NDIC, given the overlapping roles of both institutions?

February 7, 2022

Finance & Economy

FIRS Resumes Taxation On Bonds, Short-term Govt Securities

THE Federal Inland Revenue Service (FIRS) has commenced collection of income tax on bonds, short-term government securities.

February 2, 2022

Business

LCCI Reacts To FG’s New Tax On Carbonated Drinks

The Lagos Chamber of Commerce and Industry (LCCI) has kicked against the newly-introduced excise duty of N10/litre on all non-alcoholic, carbonated and sweetened beverages by the federal government. LCCI explained that the newly-imposed excise duty on carbonated drinks would have a ripple effect on

January 7, 2022

Business

Finance Bill: Our Tax System Must Work For Every Nigerian – FIRS

The Federal Inland Revenue Service (FIRS) has disclosed that the 2021 finance bill will enable an efficient tax system that will work for every Nigerian. Muhammad Nami, executive chairman FIRS, made this known in a statement released by Johannes Wajuol, his special

December 14, 2021

Finance & Economy·News

FIRS Kicks Against VAT Collection By States

FEDERAL Inland Revenue Service (FIRS), has objected to the idea of states collecting Value Added Tax (VAT) in Nigeria.

September 9, 2021

News

Lagos Govt Seals Chinese Firm, Others For Refusing To Pay Tax

Lagos State Internal Revenue Service (LIRS) has sealed a Chinese firm and 15 other hospitality firms for failing to meet up with their tax submission deadline. The affected companies which include a Chinese firm, restaurants, hotels, and guest houses, were shut down

July 20, 2021

Finance & Economy·News

FIRS rakes in historic N650bn profit in June

The Federal Inland Revenue Service (FIRS) said that it made over N650 billion in June 2021, the highest revenue realised in a single month since the assumption of office of the current administration. This was disclosed by the Executive Chairman of the

July 8, 2021

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Tax - Page 2

New Tax Will Collapse Soft Drinks Sector – Manufacturers

Double Whammy In NDIC, AMCON Travesty For Banks

FIRS Resumes Taxation On Bonds, Short-term Govt Securities

LCCI Reacts To FG’s New Tax On Carbonated Drinks

Finance Bill: Our Tax System Must Work For Every Nigerian – FIRS

FIRS Kicks Against VAT Collection By States

Lagos Govt Seals Chinese Firm, Others For Refusing To Pay Tax

FIRS rakes in historic N650bn profit in June

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