BUSINESS

Breaking: FIRS extends due date for filing 2023 companies Income Tax Returns

Daily Dispatch July 10, 2023

Companies that were unable to file their Companies Income Tax returns for the 2023 year of assessment (YOA) that fell due on the 30th of June 2023 have been given up to 31st August, 2023 to submit their returns to the Federal Inland Revenue Service (FIRS). The FIRS in a Public Notice signed by

BUSINESS

Nigeria records N710bn VAT in Q1 2023 –NBS

Daily Dispatch June 14, 2023

The National Bureau of Statistics, NBS, has said the aggregate Value Added Tax, VAT, stood at N709.59 billion in Q1 2023. This is according to the VAT Q1 2023 Report released in Abuja on Tuesday. The report shows a growth rate of 1.75 per cent on a quarter-on-quarter basis from N697.38 billion in Q4 2022. […]

BUSINESS

TAXATION: Our Quota To Nation Building

Daily Dispatch March 8, 2023

By JANTIKU IJANADA Tax is a compulsory contribution to state revenue levied by the government on workers’ income and business profits, or added to the cost of some goods, services, and transactions. But for the sake of clarity, this piece will be focusing on tax as citizen’s obligation or contribution towards national development. Nigeria like […]

COLUMNS

FIRS, The New Number One Cash Cow

Daily Dispatch May 20, 2022

By Mahmud Jega There has been a silent change of baton at the cash inflow pipeline into the Federation Account, the proverbial national cake. For decades the Nigeria National Petroleum Corporation [NNPC] held sway as the top national cash cow. Since last year, the oil giant’s contribution to the Federation Account has dwindled to zero, […]

BUSINESS

Nigeria earned N28.02trn from NNPC, FIRS, 2 other agencies in 3 years – NEITI

Daily Dispatch April 29, 2022

Four Federal Government agencies have generated a total of N28.02 trillion between 2017 and 2019, the Nigeria Extractive Industries Transparency Initiative (NEITI) report has said.The agencies are: the Nigerian National Petroleum Company Ltd. (NNPC); Federal Inland Revenue Services (FIRS); Department of Petroleum Resources (DPR) now Nigeria Upstream Petroleum Regulatory

COLUMNS

FIRS: The New Spirit Of Teamwork By Olufunke Caleb

Daily Dispatch June 24, 2020

In the 21st century, rating effective leadership is now based on leaders’ possession of “soft skills”. Leadership today is no longer rated by intimidating or swaying charisma like that of Adolf Hitler. Soft skills, according to Joana Marques in “Leadership Today” include purpose, morality, values, vision, authenticity, empathy and emotional intelligence, spirituality, and