tax

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    Strong Profits Lead 21 NGX Companies to Pay Record N1.56 Trillion in Taxes in Q3

    Strong Profits Lead 21 NGX Companies to Pay Record N1.56 Trillion in Taxes in Q3 Detailed Breakdown: 1. Record Tax Payments Amid Strong Profit Growth • In the first nine months of 2024, 21 leading companies listed on the Nigerian Exchange Limited (NGX) paid a remarkable N1.56 trillion...
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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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