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Nigerians Pay N2tn Indirect Taxes In Nine Months
According to the National Bureau of Statistics, the tax burden on Nigerians in the first nine months of 2022 increased by N285.13 billion. Nigerians paid N2.01 trillion as indirect taxes in the period under review, a 16.57 per cent increase from the N1.72 trillion paid in the corresponding period of 2021. This data is calculated…
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FG To Tax Global Digital Tech Companies Operating In Nigeria
The Vice president of Nigeria, Professor Yemi Osibanjo, has revealed the government’s new plan to begin the taxation of all global technology companies operating in Nigeria to expand the country’s income and tax net. Professor Osinbajo made this known during an interaction with a delegation from the Chartered Institute of Taxation of Nigeria (CITN), led by…
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Special Report: Dead People Don’t Pay Tax, The Downside Of Bad Governance
Bad governance is likened to the unfavourable relationship between those who govern and those who are governed which eventually results in negative consequences. The failure in governance in Nigeria, one of the world’s most corrupt countries, is accompanied by a score of other specific threats to human security, including the pressures of globalization, poverty, unemployment,…