Julius Berger Nigeria Plc financial report for 2018 has shown an impressive performance in its revenue generation, taxes and returns to shareholders. Details of the company’s outing announced by the financial director, Mr. Martin Brack, showed that the Group’s revenue in 2018 increased by 37 per cent and profit – before- tax rose by 173 …
Julius Berger Records 173% Increase In Profit Before Tax Read More »
Seventy-five Kenyan tax agency staff were arrested on Friday on suspicion of abetting tax evasion and bribery, the latest effort by authorities in the East African country to fight corruption. The staff have not been charged and are being questioned, the Kenya Revenue Authority (KRA) said in a statement. “Investigations into the rackets have been …
The FIRS is comfortably the largest revenue collection agency, responsible for petroleum profit tax (PPT) and the most important non-oil taxes. The revenue generation of the FGN can be judged on its performance. Its collection increased by 22% in 2017 and 32% in 2018 but remains short of budget and, more significantly, the level to …
Private sector Think-Tank, Nigeria Economic Summit Group (NESG) is set to unveil the findings of its nationwide survey on tax perception and drive government-citizen engagement for sustainable fiscal reforms through the launch of its “Better Tax” initiative. Better Tax, scheduled for launch in Lagos on May 15, is a service of the NESG’s Fiscal Policy …
NESG Engages Stakeholders For Better Tax Initiative Read More »
The power to levy tax in Nigeria, being a federation, is shared between the Federal, State and Local governments. To avoid double taxation, the tax system spells out which government unit (federal, state or local) has the power to levy tax on specific persons and matters. The Federal Inland Revenue Service Establishment Act 2007 provides …
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