Tax law: VAT hits record N1tn as new sharing era begins
Nigeria's Value Added Tax (VAT) collections reached a record N1.08 trillion in January 2026, under a new distribution formula among the Federal and state governments.
FG bans cash tax collections, revenue roadblocks
The Nigerian Federal Government has prohibited cash collection of taxes and banned roadblocks for revenue enforcement as part of new tax regulations.
The Unpleasant Consequence of the 'Backyard Sauna Law': Permit Fees Rise
New building regulations in Finland have led to a significant decrease in permit applications, causing municipalities to raise their permit fees due to lost revenue.
Nigeria: Gov't Begins Implementation of Executive Order On Oil, Gas Revenues
The Nigerian government has initiated the implementation of Executive Order 09 to enhance the management of oil and gas revenues.
Revised Executive Order: FG adjusts oil revenue remittance framework
The Nigerian Federal Government has revised its oil revenue remittance framework to reflect industry realities while maintaining direct remittance mandates for oil-related revenues.
Evening recap: Police Council confirms Disu as IG, FG begins direct oil revenue remittance, Wike tackles opposition, other top stories
The article covers significant political and economic developments in Nigeria, including the appointment of a new Inspector-General of Police, the government's new oil revenue policy, and political accusations amid the upcoming elections.
Jorge Macri demanded shared revenue and said that 'the city of chaos' has ended during the opening of legislative sessions
Jorge Macri, the Chief of Government of Buenos Aires, opened the legislative sessions highlighting improved order and calling for shared revenue from the national government.
Nigeria: Govt Begins Oil, Gas Revenues Executive Order Implementation
The Nigerian government has started implementing the Oil and Gas Revenues Executive Order 09 to enhance federal revenue management.
The Government aims to launch the documents for the privatization of AySA this month: all the details
The Argentine government intends to publish the documents for the privatization of AySA by March, as part of a broader plan to reduce expenditures and generate revenue for debt repayment.
WA government fights to keep GST deal, seeks 25 percent mining carve-out
The WA government is advocating for a preservation of its GST deal and is proposing to exempt 25% of its mining revenue from GST distribution.
Increase in import taxes is harmful to the country
The Brazilian government has increased import taxes on essential technology and capital goods, citing commercial defense, but the move is largely seen as a revenue-generating measure with detrimental effects on economic productivity.
South Africa Is Getting a Handle On Debt
The South African government anticipates improved revenue and reduced borrowing as it stabilizes debt management after years of escalating costs.
Increase in import tax will have an immediate effect of up to R$ 20 billion on revenue, says IFI
The Brazilian government's increase in import tariffs will generate between R$ 14 billion and R$ 20 billion in revenue starting March 1.
Increase in import tariff could raise up to R$ 20 billion this year and exchange for national products is 'uncertain', says Senate agency
The Brazilian government's increase in import tariffs on over a thousand products is projected to generate up to R$ 20 billion in revenue this year, according to the Independent Fiscal Institution.
Lawsuit: Munich's Mayor Plans to Challenge Bed Tax Law at Federal Constitutional Court
The city of Munich is seeking to challenge a Bavarian law that prohibits a bed tax for tourists in hopes of generating additional revenue.
Federal Police requests the arrest of tax analysts in Guarulhos, escalating the crisis between agencies
The Brazilian Federal Police has requested the arrest of three tax analysts from the Federal Revenue under suspicion of usurpation of public function, which has heightened the ongoing crisis between the two government agencies.
NRS unveils 2026 revenue roadmap, targets N40.7tn
The National Revenue Service of Nigeria aims to generate N40.7 trillion in revenue for 2026, influenced by federal tax reforms.
Expert: The next government faces a difficult task - billion-euro adjustments must be made as genuine savings
Professor Roope Uusitalo states that Finland's next government will face significant budgetary challenges requiring 8-11 billion euros in genuine savings or revenue increases.
Revenue board urges states to align with new tax regime
The Executive Secretary of the Joint Revenue Board in Nigeria emphasizes the need for state governments to conform to new national tax laws to enhance fiscal reforms.
Iran: Washington takes a new series of economic sanctions
The U.S. government has imposed new economic sanctions aimed at Iranian individuals, companies, and oil tankers to reduce Tehran's revenue ahead of upcoming nuclear talks in Geneva.
Debtors' Assets to Go on E-Auctions
The Polish government has approved a bill to launch an e-auction portal that will enhance the transparency and efficiency of debt recovery processes.
Mega Sena of the Billionaire Turn yielded almost R$ 500 million to public coffers in taxes
The Mega Sena lottery draw yielded almost R$ 500 million to the Brazilian federal government in taxes from its record-breaking 2025 payout.
Federal revenue hits historical record totaling R$ 325.8 billion in January, the highest amount in 32 years
Brazil's federal government reported record revenue of R$ 325.8 billion for January, marking a 3.56% real increase from the previous year and the highest monthly collection in 32 years.
Nigeria: EATL, NUPRC's Joint Move to Curb Oil Losses, Boost Revenue
Nigeria has launched its first gravimetric flow metering calibration facility aimed at reducing oil losses and increasing government revenue.
Malawi: Lands Ministry Launches Major Land Ownership Audit to Tackle Disputes, Illegal Sales and Boost Public Revenue
The Malawi Ministry of Lands has initiated a comprehensive land ownership audit to address disputes, illegal sales, and improve public revenue.
Radars as a Business? Minister Talks about a 'Gray Zone', Municipalities Defend Themselves
A Czech minister discusses concerns over the use of radar technology as a revenue-generating business, while municipalities argue against this characterization.
According to a report: the State keeps 82.6% of the soybean income on rented land while the producer loses money
A report reveals that in Argentina's core agricultural region, the government takes 82.6% of the soy revenue on rented fields, leaving producers with a loss despite generating significant income.
N14.5tn oil windfall at risk of wastage – Analysts
Experts warn that Nigeria's anticipated N14.57tn oil revenue may not be effectively utilized by governments amid concerns about governance.
Investigation at the Revenue Service Increases Distrust Between STF and Sectors of Lula's Government
Investigations by Brazil's Supreme Court against Revenue Service officials have heightened tensions and distrust between the court's ministers and sectors of President Lula's government.
Fake companies created, 700 million transaction shown and grabbed 70 million
Police in Meerut have uncovered a GST fraud involving fake firms, resulting in a significant loss of government revenue.
FG probes NNPC, targets blockage of revenue leakage
The Nigerian Federal Government is conducting an investigation into the Nigerian National Petroleum Company Limited's financial activities to address revenue leakage issues.
Toninelli furious over the fine: 'Municipalities are cashing in.' And the mayor freezes him like this
Former Minister Danilo Toninelli expressed outrage over receiving a parking fine, arguing that municipalities exploit such fines for revenue rather than for safety or education.
IRS opens consultation for residual lot of income tax that will pay R$ 578.97 million
The Brazilian Federal Revenue has opened consultations for a residual batch of income tax refunds totaling R$ 578.97 million, with payments scheduled for February 27, 2026.
Tinubu’s Executive Order: FG, states, LGs allocation may increase by N15tn
President Bola Tinubu's new Executive Order could lead to an additional N14.57 trillion in allocations for federal, state, and local governments in Nigeria.
Companies have until February 27 to submit income tax revenue statements
Brazilian companies must provide income tax revenue statements to workers by February 27.
Record-breaking budget surplus as government's tax income rises
The UK government has reported a record budget surplus for January 2026, with a surplus of £30.4 billion attributed to increased tax revenue and lower interest rates.
Entry fee has increased by two and a half times in Himachal, additional money will have to be paid to reach Shimla
The Himachal Pradesh government has increased the entry fees for vehicles from outside states significantly to boost revenue amid economic challenges.
Regional shires facing financial cut with forestry rate change
Seven regional shires in Western Australia are confronting a $325,000 revenue cut after rate payments from forestry plantations are redirected from local councils to the State Treasury.
Tinubu orders NNPC to remit oil taxes, royalties directly
President Bola Tinubu has issued an Executive Order mandating the Nigerian National Petroleum Company to directly remit taxes and royalties to fiscal authorities, suspending previous fees collected.
Despite the drop in revenue, the government had a surplus in January due to the sale of hydroelectric plants
The Argentine government reported a fiscal surplus in January, driven by the sale of hydroelectric plants, despite a significant drop in tax revenue.
Lebanon: Widespread Protests Against Tax Increases and Fuel Prices
Widespread protests erupted across Lebanon in response to increased taxes and fuel prices, as the government seeks to secure revenue for public sector salary increases.
Schillerová will restore electronic revenue evidence, it will be almost universal. Additionally, despite lowering some taxes, she wants to collect fifteen billion
Czech Finance Minister Alena Schillerová announced the reinstatement of electronic revenue evidence, set to begin next year, with expectations to collect an additional fifteen billion despite tax cuts.
Created mobile application 'My VID'
The Latvian State Revenue Service has launched a mobile application named 'My VID' to streamline access to popular tax services and simplify tax declaration processes for users.
Three month warning as parents could miss out on £2,000 from HMRC
Millions of UK families are at risk of losing up to £2,000 in government assistance from HM Revenue and Customs (HMRC) due to a three-month warning regarding the Tax-Free Childcare scheme.
COB wants to reduce dependence on lotteries and bets, says president
The president of the Brazilian Olympic Committee (COB) expressed concern over the organization's heavy reliance on funding from lotteries, aiming to diversify revenue sources to safeguard against potential government policy changes.
Taxation: How much taxpayers will pay every month in 2026
Greek taxpayers are expected to contribute approximately €6.1 billion monthly for the remainder of 2026 to meet budgetary revenue targets, significantly impacted by inflation.
Tallinn residents will also receive a property tax exemption this year
Residents of Tallinn will benefit from a property tax exemption of up to 1000 euros this year, as stated by Lüüli Junt, head of the revenue department of the city's finance service.
Registration as an Active VAT Taxpayer - Doubts and Problems
The article discusses the challenges and uncertainties regarding the registration process for active VAT taxpayers in Poland.
C’River set to regain oil-producing status — FG report
Cross River State is expected to be re-listed as an oil-producing state following the submission of a final report by a Federal Government committee.
Is this the world's most outrageous car tax? A regular Toyota Camry costs 178,000 euros
Singaporean government revenue from car taxes has exceeded expectations, reaching a total significantly larger than that of Fiji's entire economy.