The Federal Inland Revenue Service (FIRS) has said that food, education and the agriculture sectors are now exempted from Value Added Tax (VAT) The FIR boss, Zacch Adedeji, disclosed that the move was ...

The TAS Act is bipartisan proposed legislation that undertakes the ambitious goals of modernizing the IRS and improving ...

Professor Prasad told Parliament the VAT cut is expected to deliver around $250 million in savings across the economy and ...

Eligible taxpayers will receive tax rebates of up to $200 if they filed individually for the 2024 tax year, and up to $400 if they filed jointly. To be eligible, you have to have incurred tax ...

Deferring or avoiding income can prevent you from creeping into the next higher tax bracket, and this year the next tax law ...

There are two ways to close a limited company: through voluntary closure or compulsory closure. Voluntary closure is when a ...

Industry chiefs are 'absolutely seething' about a looming triple whammy of charges under Labour that will see some backbone ...

Readers will appreciate that record-keeping is of central importance when submitting your self assessment return. It is therefore unsurprising that a ...

Nigeria has passed a comprehensive review of taxes, which will take effect on January 1st 2026. In this post, I ...

THE Chancellor has been dealt another setback after borrowing hit the highest level in August for five years, making Budget ...

The following obituary appeared in a Sri Lankan newspaper some years ago and it brought back a flood of memories. BOYD MOSS M ...

It already exists for VAT-registered sole traders and businesses under a limited ... Those with both property and self-employment income will need to keep separate records and file two sets of ...