February 28, 2023

As a reflection of increased activities in the information and communication technology (ICT) space, especially on the back of the outbreak of COVID-19, Company Income Tax (CIT) from ICT firms soared Year-on-Year (YoY) by a huge 147.30 percent in the third quarter ended September 30, 2022 (Q3’22). The National Bureau of Statistics (NBS) Company Income…

November 17, 2022

The Federal Inland Revenue Service (FIRS) has remitted over N309 billion from education taxation to the Tertiary Education Trust Fund (TETFund). The revenue generated by FIRS from across tertiary education institutions in the country between January and September 2022 exceeded the N305 billion budgeted for the full year. Chairman of FIRS, Muhammad Nami, disclosed this,…