May 28, 2019

CITN, ACCA sign pact to deepen capacity in finance sector

Chartered Institute of Taxation of Nigeria (CITN), and the Association of Chartered Certified Accountants (ACCA), have signed a Memorandum of Understanding (MoU), on professional curriculum exchange and membership recognition between the two institutions. The pact will define how CITN and ACCA would collaborate to develop ACCA’s tax and law variants for Nigeria, and the basis […]

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Trouble for tax evaders as FG inaugurates Project Lighthouse Committee

Trouble is brewing for recalcitrant tax evaders in Nigeria, as the Minister of Finance, Mrs Zainab, Shamsuna Ahmed, on Friday inaugurated the Steering Committee for “Project Lighthouse” in line with government’s blueprint to aggressively collect more taxes and grow its non-oil revenue base. Project Lighthouse is an initiative which entails using advanced data mining and

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FG sets up panel on tax- related intelligence

The Minister of Finance, Mrs Zainab Ahmed on Friday in Abuja, inaugurated a steering committee for ‘Project Lighthouse’ initiative. ‘Project Lighthouse’  is the government’s data mining unit in the Federal Ministry of Finance, saddled with the responsibility of  compiling data of tax payers during the implementation of the Voluntary Asset and Income Declaration Scheme. The

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‘It’s Not the Job of NASS to Demand Tax Clearance from Journalists’

The publisher of National Daily Newspaper, Sylvester Ebodaghe, has questioned the National Assembly on the new guidelines released for the accreditation of journalists. Ebodaghe during an interview on Channels Television’s breakfast programme, Sunrise Daily, said it is not the job of the Parliament to demand a journalist’s tax clearance before authorizing them to cover plenary.

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Taxation, a different profession entirely, says Fasoto

The immediate past National President/Chairman of the Council of Association of Professional Bodies of Nigeria, Mr Gabriel Fasoto, has disabused the minds of many young tax practioners when he said the practice of taxation as a profession is a distinct discipline from accountancy. The past president, Chartered Institute of Taxation said the clarification was necessary

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