tax

ASUU Demands Increase in Education Tax from 2.5% to 10%

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The Academic Staff Union of Universities (ASUU) has asked the federal government to increase the Education Tax from the current 2.5 per cent to 10 per cent to enable Tertiary Education Trust Fund (TETFund) to mobilise more funds to adequately address the decay and challenges confronting the tertiary education sub-sector. This came as the federal … [Read more…]

FIRS: We cant fund 2022 budget because Nigerians evade tax

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  The Federal Inland Revenue Service (FIRS) has claimed that the Federal Government would be hampered in funding the N16.9 trillion 2022 budget because Nigerians were not faithful in tax remittances.   Chairman of the agency, Muhammad Nami, in a television interview, yesterday, said only N4.2trillion was collected as taxes in nine months, a figure … [Read more…]