The federal government of Nigeria through the Hon.Minister of finance approved the implementation of deduction of tax at source (withholding) regulation of 2024, to be effective from 1st January, 2025. The regulations creates a consolidated Withholding tax (WHT) regime for Company Income tax (CIT), Capital Gain Tax (CGT) Petroleum Profit Tax (PPT) and Personal Income
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, announced that the Federal Government is set to introduce new tax laws by September, which will include regulations for the cryptocurrency industry. Speaking on Saturday at the FIRS 2024 Stakeholders Engagement with the Senate and House of Representatives Committees on Finance in Lagos, Dr.
In a continuous effort by the Federal Inland Revenue Service (FIRS) to make the taxpromax more users friendly and in line with the ease of doing business mantra of the Federal Government of Nigeria (FGN). The agency ( FIRS) by recent public Notice has introduced self-Registration module on the taxpromax. The self registration module enable
https://punchng.com/firs-cac-to-strengthen-revenue-generation/
The Institute of Chartered Accountants of Nigeria has indicated its preparedness to collaborate with the Special Control Unit Against Money Laundering, the Nigerian Financial Intelligence Unit, the Financial Reporting Council of Nigeria and other stakeholders to eliminate corruption in the country. This was disclosed in a statement issued over the weekend at the end of
The Institute of Chartered Accountants of Nigeria has said that the resilience and commitment of chartered accountants were key to navigating the dynamic business environment. This was stated by the ICAN President, Dr Innocent Okwuosa, as the Institute commemorated the 2024 International Accountancy Day. Addressing a news conference in Lagos, Okwuosa, said, “In the face
