tax

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    SEVEN NIGERIAN BANKS PAY N392.53BN IN TAXES AMID SOARING PROFITS

    SEVEN NIGERIAN BANKS PAY N392.53BN IN TAXES AMID SOARING PROFITS Detailed Breakdown: Seven Nigerian banks have collectively paid N392.53 billion in taxes during the first half of 2024, reflecting a significant rise in their tax obligations. These figures come from their second-quarter...
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    NEW BILL PROPOSES MANDATORY TAX ID FOR BANKING AND FINANCIAL SERVICES IN NIGERIA

    NEW BILL PROPOSES MANDATORY TAX ID FOR BANKING AND FINANCIAL SERVICES IN NIGERIA 1. Proposed Bill Overview: A new bill has been proposed in Nigeria requiring individuals involved in financial services (banking, insurance, stockbroking, etc.) to provide a Tax Identification Number (TIN) as a...
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    NEW VAT RATE TO BE CARRIED OUT IN PHASES – PANEL

    NEW VAT RATE TO BE CARRIED OUT IN PHASES – PANEL The Chairman of the Presidential Tax and Fiscal Policy Reforms Committee, Taiwo Oyedele, announced that the proposed increase in the Value Added Tax (VAT) rate from 7.5% to 10% will be implemented gradually. Speaking at a public consultation in...
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