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Statutorily and administratively, the FIRS has the responsibility for the assessment, collection and accounting of taxes to the Government: [9] The timely provision and publication of accurate data and annual reports to the Federal Government of Nigeria and other stakeholders to inform national economic planning, academic research, tax policy and development legislation [10]
In Nigeria, the academic grading system scales from A (First class) to F (fail). Below is the grading system of Nigerian schools.. Nigeria offers six years of basic education, three years of junior secondary education, and three years of senior secondary education.
Tertiary Education Trust Fund, abbreviated as TETFUND, is a scheme established by the Federal Government of Nigeria in 2011 to disburse, manage, and monitor education tax to government-owned tertiary institutions in Nigeria. [1] [2] The TETFUND scheme was formed as a product of the Education Tax Act of 1993. This Act repeals the Education Tax ...
Devised by Sir Paul Chambers, PAYE was introduced into the UK in 1944, [1] following trials in 1940–1941. As with many of the United Kingdom's institutional arrangements, the way in which the state collects income tax through PAYE owes much of its form and structure to the peculiarities of the era in which it was devised.
Nigeria gained full independence in October 1960 under a constitution that provided for a parliamentary government and a substantial measure of self-government for the country's three regions. Since then, various panels have studied and made recommendations for reforming of the Civil Service, including the Margan Commission of 1963, the Adebo ...
IRS tax brackets are divided based on your taxable income level, with different incomes taxed at different federal income tax rates. There are seven brackets for 2024 earnings, ranging from 10% to ...
It is a government agency entrusted to assess, collect and account for all taxes, fees and levies in Rivers State, Nigeria. It is involved in the formulation of tax policy as well as the supervision of revenue collection due to the state. [1] Its headquarters is at Plot GS/1, Amadi Ama Layout, Port Harcourt in GRA, Port Harcourt .
The Federal Ministries of Nigeria are civil service departments that are responsible for delivering various government services. Each ministry is headed by a Permanent Secretary who reports to a Minister in the Federal Cabinet . [ 1 ]