The Rivers State Internal Revenue Service has dismissed claims in some quarters that the state government is planning to tax churches. The Chairman, RIRS, Adoage Norteh, told journalists in Port Harcourt on Thursday that the government had never contemplated collecting taxes from churches. Norteh explained that though he was of the view that workers, who […]
No plan to tax churches, Rivers revenue agency insists Read More »
Dame Gladys Simplice, Isaac Adedayo, Samuel Agbeluyi and Innocent Ohagwa have emerged in the new leadership team of the Chartered Institute of Taxation of Nigeria (CITN) with the mandate to pilot its affairs for the next two years. In a statement made available to Next Level in Lagos, the institute said while Simplice would be
Simplice, Adedayo, others emerge in CITN new leadership Read More »
OXFAM, an International Non-Government Organisation, has advised the Nigerian Government to review its policy on tax incentives currently costing the country a revenue loss of over N580 billion annually. The Country Director, OXFAM Nigeria, Constant Tchona, gave the advice on Wednesday in Abuja at the public presentation of the Fair Tax Monitor Index Report and
Nigeria loses billions in local, foreign tax evasions – Oxfam Read More »
Hearing in a N1.2 billion tax error claims filed by Joseph Daudu, SAN, at the Tax Appeal Tribunal was stalled on Wednesday due to the petitioner’s ill health. Mr Daudu, who is challenging alleged N1.2 billion error in his taxation, sent an affidavit for a motion for an adjournment in order for him to be
N1.2bn tax error claim: Ex-NBA president’s suit stalled due to ill health Read More »
Background Section 19 of the Companies Income Tax Act (CITA) imposes tax at 30% on a company where it declares and pays dividends in excess of its total profit. The relevant total profit is the profit of the year from which the dividend was declared and not the profit of the year in which the
Tax Appeal Tribunal Rules That Excess Dividend Is Liable To Tax At 30%. Read More »
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