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August 7, 2019

Investors may lose N2.5 billion annually to VAT enforcement – Reports

Leave a Comment / Tax /

Following the expiration of the five-year Value-Added Tax (VAT) exemption on Stock Exchange transactions, it has been revealed that investors may lose as much as N2.5 billion yearly as additional costs on transactions. Reports said stakeholders in the Nigerian capital market have been expressing concerns on the matter just as the non-reversal of VAT payment […]

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‘Strengthen tax system to improve governance’

Leave a Comment / Nigerian Tax /

The Executive Director, Rural Women and Youth Development (RUWOYD), Sokoto State, Abudu Yusufu has urged governments to institute effective tax structures to increase the size of national budgets by raising corporate tax payment. Speaking at a Stakeholders Forum on Tax and Gender-Responsive schools under the ActionAid initiative of ‘Tax Justice & Gender Responsive Public Services

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More Shareholders Want VAT Charges Exemption Extended

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Shareholders under the aegis of Ibadan Zone Shareholders Association (IBZSA) have added their voices to calls on the federal government to extend the exemption of Value Added Tax (VAT) charges on transactions on the Nigerian Stock Exchange (NSE), pending when the economy and market fully recovers. The five-year exemption on brokerage commission and transactions fees 

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Federal Inland Revenue Service hints at harmonised Tax Bill

Leave a Comment / Nigerian Tax /

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Tunde Fowler, has hinted that the country’s various tax and excise law reforms might soon be harmonised, as the agency inaugurated the reconstituted National Tax Policy Implementation Committee (NTPIC). Speaking at the inauguration ceremony, Fowler said since the committee had been officially put in place,

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