…Companies Income Tax (CIT) and Value Added Tax (VAT) increased reasonably EKO HOT BLOG reports that the Federation Accounts Allocation Committee (FAAC) has shared a total of ₦699.824 billion to the Federal Government, states, and local government areas. The amount is the allocation for December 2021. This was contained in a communique issued at the … Read more
The communique indicated that total revenue distributable for the month included gross statutory revenue of ₦477.504 billion, VAT of ₦166.228 billion The Federation Accounts Allocation Committee (FAAC) has shared a total of ₦696.965 billion as federation allocation for the month of August. Oshundun Olajide, a Deputy Director of Information at the Office of Accountant General … Read more
The Federal Inland Revenue Service (FIRS) has served a seven-day notice to tax defaulters across the country. The Head, Communications and Servicom Department, Wahab Gbadamosi, made this known in a statement in Abuja on Tuesday. Mr Gbadamosi said the Acting Executive Chairman of FIRS, Abiodun Aina, announced this in a notification letter to taxpayers on … Read more