News Formal

FIRS Plans To Raise N6tn From Petroleum Tax, VAT To Finance 2019 Budget | Sahara Reporters

  • 📰 SaharaReporters
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

.firsNigeria Plans To Raise N6tn From Petroleum Tax, VAT To Finance 2019 Budget | Sahara Reporters An analysis of the document shows that N1.7tn is expected to be earned from company income tax, while gas income, capital gains tax and stamp... READ MORE:

The Federal Inland Revenue Service has proposed to generate N4.3tn from petroleum profit tax, and N1.7tn through the Value Added Tax to finance the 2019 budget.

A further breakdown of the oil tax revenue showed that the entire N4.3tn is expected to come from petroleum profit tax. The FIRS stated that the tax revenue target for 2019 was based on the Economic Recovery and Growth Plan of the Nigerian government.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

firsNigeria Fuel subsidy regime must go but b4 then we demand transparency in NNPC accounts. openupnnpcaccount

firsNigeria In other words, we are funding our PARASITIC government from our torn pockets

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in BUSİNESS

Business Business Latest News, Business Business Headlines