The decision of the Federal High Court (FHC) in VODACOM BUSINESS NIGERIA LIMITED V. FEDERAL INLAND REVENUE SERVICE, handed down on the cusp of the New Year 2018, has understandably continued to generate a lot of controversy and angst. The FHC in that case, upheld the decision of the Tax Appeal Tribunal, making it the …
Court Affirms Reverse Charge Mechanism In VAT: Matters Arising Read More »
The Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has warned individuals and corporate entities, who refuse to take advantage of the Voluntary Assets and Income Declaration Scheme (VAIDS) that the agency had voted a bigger sum of money for legal fees in its 2018 budget. Fowler made the disclosure in a …
Fowler: FIRS Has Resources to Prosecute Tax Debtors after VAIDS Read More »
As the sun gradually sets on the Voluntary Assets and Income Declaration Scheme (VAIDS/Scheme), the Minister of Finance has reiterated government’s resolve to stick to the March 31st, 2018 deadline. The Minister, who stated this at the VAIDS Stakeholders Symposium held in Kaduna State on March 1st, 2018, further added that “the federal government has …
Nigeria: VAIDS: The Clock Ticks! Last Updated: 15 March 2018 Read More »
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