The Federal Inland Revenue Service (FIRS) has granted MTN, Airtel, and some money deposit banks in Nigeria the permission to withhold Value Added Tax (VAT) charged on all taxable supplies made to them, and remit to the service. In a Public Notice issued on 7th November and signed by its Executive Chairman, Muhammad Nami, FIRS explained the role of the …

The Joint Tax Board (JTB), which is the apex tax authority in Nigeria, has announced its design of a system that will make politicians pay the right taxes. The Board noted that many Nigerians, who pay taxes from their meagre income, are unhappy that politicians who earn huge salaries and allowances only rush to remit nominal amounts to secure Tax …