Residents of Cross River State, particularly low income earners, have been warned not to evade paying their taxes. The Speaker of the state House of Assembly, Eteng Williams, gave the warning in Calabar during a tax enlightenment town hall meeting organised by the Cross River State Internal Revenue Service as part of its sensitisation and […]
Don’t evade tax, Cross River warns low income earners Read More »
The National Council for Women Societies (NCWS) has appealed to the Corporate Affairs Commission (CAC) to create a gender desk that will collate information specifically targeted at women’s empowerment. National president of the council, Mrs Gloria Shoda, made the appeal when members of the council visited the acting Registrar of CAC, Ms Azuka Azinge in
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele yesterday justified the proposed move by the federal government to increase the value added tax (VAT), which is currently at 5 per cent to 7.5 per cent. He said the government was apparently left with no other option than to raise taxes to
Better to Boost Revenue By Raising VAT than Borrowing Read More »
The federal government recently increased the value added tax (VAT) from 5% to 7.5%.The increase has continued to generate mixed reactions. The organised labour and some economic experts have condemned the move in strong terms and described the increase as untimely, aimed at inflicting more pains on poverty-ravaged Nigerians. The NLC stated that the increase
The Federal Government has urged General Electric to refund N360 million and two million dollars excess withholding tax (WHT) deducted from Arco Petrochemicals Engineering Company Limited, through its business dealings with General Electric (GE) International Operations Nigeria. This was part of outcome of the negotiations between FIRS officials, General Electric, ARCO and the Trade Union
Illegal Tax deductions: FIRS to refund $2m, others to General Electric Read More »
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