Tax profit

The Federal Inland Revenue Service (FIRS) and the Lagos Internal Revenue Service (LIRS) have issued a public notice regarding the Memorandum of Understanding (MoU) signed by both agencies on February 6, to establish a Joint FIRS and LIRS Audit...

June 02, (THEWILL) - The Federal Inland Revenue Service (FIRS) has disclosed that Nigeria’s Tax-to-GDP ratio which, in the previous 12 years, hovered between 5 to 6 percent, rose to 10.86 percent by the end of 2021. It said the...

May 08, (THEWILL) - The Petroleum Dealers Association of Nigeria (PEDAN), Ebonyi State Branch, on Monday, shut down all its stations in the State over what it described as excessive taxation and fines imposed on it by the State...

April 11, (THEWILL) - French international footballer, Wissam Ben Yedder, has been given a prison sentence of six months and one day and fined €133,798 by a Spanish court for tax evasion. The 32-year-old forward, who played for Sevilla...

January 22, (THEWILL) - The Lagos State Internal Revenue Service (LIRS) has announced that January 31, 2023, remains the deadline for filing the annual tax returns by employers of labour. The LIRS Executive Chairman, Mr Ayodele Subair, made this known...

The Centre for the Promotion of Private Enterprise (CPPE) has said that Nigeria’s current tax regime is stifling investment and economic growth. Muda Yusuf, director of the organisation, made this known in a statement detailing CPPE’s economic and business environment...

Nigeria’s South-West region pooled the largest tax revenue of N516.6 billion in 2021 representing 46.7 percent of the aggregate N1,017 trillion by the entire six regions. The figure is also higher than those of the South-East, North-East, North-Central...

BEVERLY HILLS, March 09, (THEWILL) - The United Bank for Africa Plc (UBA) has announced that its Profit Before Tax (PBT) rose to N131.9bn by the end of the 2020 financial period from N111.3bn at the end of the...