The Senate on Wednesday urged revenue collecting agencies to ensure timely transfer of funds collected into the Federation Account. President of the Senate, Dr Ahmad Lawan, made the call in Abuja at a meeting with some of the revenue collecting agencies. Lawan also called for timely disbursement of funds to federal, states and local government […]

Often described as Britain’s “most hated tax”, inheritance tax seems uniquely able to enrage all sorts of people. Theoretically charged at 40 per cent on the value of an individual’s estate above £325,000, it is perceived as unfair for many different reasons. “Inheritance tax is a wholly voluntary tax,” reads the most recommended comment underneath

The French government is to impose a tax of up to 18 euros ($20) on plane tickets for all flights from airports in France to fund less-polluting transportation projects, a minister said Tuesday. The move, which will take effect from 2020, will see a tax of 1.5 euros imposed on economy-class tickets on internal flights

Summary On 18 June 2019, the Tax Appeal Tribunal (TAT or Tribunal) held that the Lagos State Internal Revenue Service (LIRS) could not hold employers accountable for taxes arising from withdrawals of Voluntary Pension Contribution (VPC) of their employees. This decision was reached in the case between Nexen Petroleum Nigeria Limited (Nexen or the Company)