The Acting Registrar General of the Corporate Affairs Commission (CAC), Lady Azuka Azinge, has said that the Federal Government reviewed the fee for business registration downward by 50 per cent to encourage Small and Medium Enterprises (SMEs) to formalise their businesses. She said this when the management of Daily Trust Newspaper visited her in the […]
50% fee cut to encourage 34m SMEs to formalise – Lady Azinge Read More »
The Federal Inland Revenue Service (FIRS) recently issued Letters of Substitution, pursuant to Section 49 of the Companies Income Tax Act (CITA) 2004 and Section 31 of the Federal Inland Revenue Service Establishment Act (FIRSEA) 2007, to banks in Nigeria (“the Substitution Banks” or “SBs”), appointing them as tax collecting agents for certain listed customers
KPMG, one of the Big Four auditors in the world, says Nigeria’s Federal Inland Revenue Service (FIRS) has gone draconian by giving fiats to banks to freeze accounts of suspected tax defaulters. In September 2018, Tunde Fowler, FIRS chairman, said the service was going after 6,772 tax defaulters, stating that they would have their account
FIRS has gone draconian by freezing accounts of alleged tax defaulters, says KPMG Read More »
©2023.Innerkonsult ltd. All Rights Reserved.
Powered by INNER KONSULT LTD
