05/06/2018 - Accountancy, Assurance, Audit and Tax Services

FIRS; Simplifying Tax Compliance Through ICT Initiatives

Leave a Comment / Investigation, Tax / By admin

The Federal Inland Revenue Service (FIRS) in its bid to continuously provide online real-time tax payment transactions, provided the online payment platforms and applicable payment options for taxpayers. The various platforms ensure transparency in tax payment system, boost taxpayer confidence, trust in the tax system and promotes voluntary compliance by taxpayers”. Electronic Payment Initiatives: The …

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‘CAC undergoing reforms to improve ease of doing business’

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The Corporate Affairs Commission (CAC) has stated that the corporation is undergoing some reforms as part of efforts to ease business registration as well as improve economic activities in the country. With Nigeria moving up 24 places in the World Bank’s Doing Business report and also emerging as one of the top 10 most improved …

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Nigeria wants to stop being lax about tax

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File Photo Paying income tax used to be a joke in Nigeria which, no wonder, has the worst tax to GDP ratio in sub-Saharan Africa. As one banking executive put it: “In Nigeria, the government pretends to tax people and people pretend to pay. That’s the Nigerian social contract.” But these days it’s no laughing …

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PUBLIC NOTICE – RESULTS OF NAME RESERVATION APPLICATIONS NOW COME COME OUT WITHIN SIX (6) HOURS

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The Corporate Affairs Commission (CAC) wishes to inform its esteemed customers and the general public of the significant improvement in the cycle of pre-registration applications especially with respect to Name Reservation/Availability. Consequently, results of name reservation applications now come out within six (6) hours upon submission. As a result, our valued customers and the general …

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PUBLIC NOTICE – 24 HOURS PRE-REGISTRATION SERVICES

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24 HOURS PRE-REGISTRATION SERVICES The Corporate Affairs Commission (CAC) wishes to remind its esteemed customers and the general public of the significant improvement in the cycle time for processing new applications for registration. Accordingly, all new applications for registration are concluded within 24 Hours except applications that have been queried for non-compliance with laid down …

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Accounting Firm Ends Meeting In Nigeria

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Grant Thornton, the fifth largest organization of accounting firms in Africa, with representation in 24 countries on the continent, has concluded this year’s regional meeting for their clients in Nigeria. Mr. Peter Orizu, Executive Manager, Grant Thornton, said the event has enabled clients in Nigeria to meet and interact with some global leaders of Grant …

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FIRS seals two firms over N72.558 million tax debt

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The Federal Inland Revenue Service (FIRS), yesterday in Lagos sealed off the premises of two companies for their failure to pay taxes. The Assistant Manager (Legal), FIRS, Ruth Mandeun, who led the FIRS enforcement team, sealed Giandan Nigeria Limited situated in Lagos over tax debts totaling N47.779 million and also sealed Justeen International Limited over …

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June 5, 2018