Zenith Bank, United Bank for Africa and 9 other deposit money banks in the country paid more to the government in taxes in 2018 compared to what they paid in 2017 as their profits soared at the end of the last financial year. The 2018 financial results of the banks showed that they had paid […]
Zenith Bank, UBA, 9 Others Paid More Taxes In 2018 Read More »
The Society of Women in Taxation (SWIT), yesterday, raised concern that 70 per cent of the N5.2 trillion taxes collected in 2018, came from Lagos State alone. The development, which shows a lopsided tax base, is also an indication that the long four-year tax reforms and campaign have less impact in the remaining 35 states
Lagos alone contributed 70% of Nigeria’s N5.2tr tax revenue Read More »
Sovereign Trust Insurance Plc said its profit before tax rose by 167 per cent to N540m in 2018 financial period from the N202m in year 2017. A statement from the underwriting firm said that despite the challenging economic environment that characterised operations of most businesses in the country in 2018, the gross premium written in
Sovereign Trust’s profit before tax rose by 167% Read More »
Mr. Kola Babarinde is a consummate tax practitioner who has passed through the rigours of learning and career development to attain the Fellowship of the Chartered Institute of Taxation of Nigeria (CITN). He is the Chairman of the 21st Yearly Tax Conference of CITN, which kicked off today, in Abuja. In this interview with Assistant
A member of the OPS has warned that more manufacturers might be in the process of shutting down, if government fails to address the problem of multiple taxation, poor infrastructure and the proposed increase in value added tax (VAT). Managing director of NISPO Porcelain Company Limited, Mr. Afam Ukatu, stated this in his goodwill message
Multiple taxation, poor infrastructure forcing manufacturers out of business Read More »
When you are starting out as a business owner, banking charges might be the furthest thing from your mind — until they start to add up! Get ahead of the game with these cost-saving tips, before you even open your business bank account. Take control of your business finances today by choosing the most useful
Accounting: Five steps to save business banking costs Read More »
The Federal Inland Revenue Service is seeking the support of the Central Bank of Nigeria to track payment of Value Added Tax made electronically by foreign entities that are not registered in Nigeria. The agency said this in a document detailing its strategic revenue growth initiatives for 2019 to 2021 which was submitted to the
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