16/07/2019 - Accountancy, Assurance, Audit and Tax Services

SEC lays out plans to leverage FIRS, NSE, and CAC in nailing Oando

The Securities and Exchange Commission (SEC) is planning to partner the Federal Inland Revenue Service (FIRS), the Corporate Affairs Commission (CAC), and the Nigerian Stock Exchange (NSE), over Oando Plc‘s alleged corporate infractions. The capital market regulator disclosed that it plans to share findings from Oando Plc’s forensic audit with other regulatory institutions in order …

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VAT hike: PDP, CUPP berate Buhari over directive to govs

Leave a Comment / CAC- Corporate Affairs / By Aminu Tobi

The Peoples Democratic Party and the Coalition of United Political Parties on Saturday criticised President Muhammadu Buhari for asking the governors of the 36 states to increase Value Added Tax in the next four years. Buhari had, while inaugurating the National Economic Council for its 2019-2023 session at the Presidential Villa in Abuja, told the …

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New JTB TIN Registration Will Bring Convenience, Transparency

Leave a Comment / Tax / By Aminu Tobi

Mr. Babatunde Fowler, Chairman, Joint Tax Board (JTB) and Federal Inland Revenue Service (FIRS), explains to select journalists, how the new tax identification number registration system, scheduled for launch on Monday, will bring convenience to the taxpayer, boost tax compliance and revenue collection. Olaoluwakitan Babatunde was there There is a plan by the Joint Tax …

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Court orders Shell to pay $17.9 million to FIRS

Leave a Comment / Tax / By Aminu Tobi

A Federal High Court,in Lagos south west Nigeria, Presided over by Justice Chuka Obiozor, today ordered four multinational Oil companies, namely Shell Nigeria Exploration and Production Company Limited, Esso Exploration and Production Nigeria( DEEPWATER) Limited, Nigeria Agip Exploration Limited, and Total E&P Nigeria Limited to pay a total sum of $17,900,484.80., as penalty and interest …

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Google endorses ‘international tax deal’ for multinational

Leave a Comment / Tax / By Aminu Tobi

Google said Thursday it supports a global agreement on taxation that could allocate more taxes from multinationals to jurisdictions outside their home countries. “We support the movement toward a new comprehensive, international framework for how multinational companies are taxed,” said a blog post from Karan Bhatia, Google’s vice president for public affairs and public policy. …

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July 16, 2019