The Tax Appeal Tribunal, South East Zone, has declared that gratuities payable to pensioners are tax exempted under the Personal Income Tax Act (PITA). The tribunal made the declaration while delivering judgment in appeal brought before it by Nigerian Breweries PLC in 2017, challenging the decision of the Abia State Board of Internal Revenue for […]
President Muhammadu Buhari has given the 36 state governments a mandate to increase revenues in their respective States. Buhari also urged the governors to raise the Value Added Tax (VAT) without necessarily disrupting economic activities. Buhari, who spoke at the Presidential Villa in Abuja when he inaugurated the National Economic Council (NEC) for its 2019-2023
As part of efforts to strategically sanitize and coordinate the tax system of the third tier of Government in Uyo, the Chairman of Uyo Local Government Council, Elder Imoh Okon, on Wednesday, June 18, took to Akpan Andem Market to interact with Market Women. The Chairman, Uyo Local Government Council, Elder Imoh Okon, with traders.
Uyo Local Government Move to Strengthen Tax System Read More »
Rivers State Internal Revenue Service (RIRS) has set July 1, 2019 as a final plan and rollout date for the rollout of the state’s much-talked about informal sector tax drive. The state has also completed tax delineation of the state into tax zones. The executive chairman of the RIRS, Adoage Norteh, who broke the news
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The Chartered Institute of Taxation of Nigeria, CITN, has berated firms and government agencies for tax default. Ikemefuna Ede, President, CITN, expressed concern over an audit report indicting the National Assembly and some government agencies over tax default. Speaking during the annual general meeting of the institute, Ede said the development was “worrisome” and contradicted
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