Archives Tag: Income Tax
Federal Government Favors 27 industries for Pioneer Status
April 19, 2022
The Federal Executive Council approved 27 new industries and products to take a tax break in other to give them an opportunity to grow and expand investments. 27 industries will benefit from not having to pay tax for a certain period of time, allowing them to get established. This is an incentive from the Nigerian … Continue reading Federal Government Favors 27 industries for Pioneer Status
By adepeju
Nigeria: For 2012, $32 billion was Government Income, from Taxes
April 19, 2022
The Federal Inland Revenue Service (FIRS) has reported N5.007 trillion ($32 billion) as the Nigerian government revenue from taxes, in 2012. The figure grew by N379.4 billion ($2.4 billion) from the revenue received in 2011. The government reformed the tax code in 2012, closing certain loopholes and worked better with states revenue service. Foreign Direct … Continue reading Nigeria: For 2012, $32 billion was Government Income, from Taxes
By david
