The Federal Executive Council (FEC) has approved a proposed 44 percent increase in Value Added Tax (VAT) on Wednesday despite experts advising against such move given current headwinds. The Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed, disclosed this on Wednesday. According to her, the FEC approved a 2.2 or 44 percent increase
The Federal Inland Revenue Service says a total of 23,141 defaulters owe N254bn in tax liabilities. The service also said it recovered over N97.7bn from tax defaulters since it gave the directive to banks. The Executive Chairman, FIRS, Mr Babatunde Fowler, said these at the 49th Annual Accountant Conference organised by the Institute of Chartered
Defaulters owe N254 billion in tax liabilities, says FIRS Read More »
Oyo state government on Tuesday September 10, 2019 has declared that it has concluded plans to begin the collection of informal sector tax with the use of mobile apps adding that the annual collection of tax, particularly from traders, markets operators and artisans takes immediate effect. The Chairman of Oyo State Internal Revenue Service, Aremo
The Economic and Financial Crimes Commission, on Tuesday, arraigned a whistleblower, Lord Edem, before the Lagos State High Court in Ikeja for raising a false alarm over an alleged N700m pension and tax evasion fraud. Edem was arraigned before Justice Hakeem Oshodi on one count of making a false statement to a public officer. He
Pension, tax fraud whistleblower arraigned for false alarm Read More »
The Vice Chairman of the Institute of Chartered Accountants (ICAN), Abuja District, Alhaji Abdulrashed Balogun, has urged the newly qualified accountants from Bratim Training Institute to uphold the motto of the accounting profession which is accuracy and integrity. Balogun spoke at the graduation of the new chartered accountants from the Bratim Training Institute which held
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