Justice Rilwanu Aikawa of the Federal High Court in Lagos has barred the Federal Inland Revenue Services (FIRS), from enforcing VAT provisions on goods and services consumed in hotels, restaurants and event centres in Lagos State. Justice Aikawa gave the order while delivering judgment in the suit seeking to restrain the Attorney General (AG) of …
Court bars FIRS from enforcing VAT on goods consume in hotels Read More »
Financial analysts have described the proposed Communication Service Tax Bill as a misadventure and would only serve to overburden consumers who already bear 5.0% Value Added Tax (VAT) on telecommunications services. The 2016 version which failed, was meant to help boost government revenues from non-oil taxes in the wake of the collapse in oil prices …
Communication Tax could overburden consumers – Experts Read More »
The Nigeria Employers’ Consultative Association (NECA) has rejected Federal Government’s proposed imposition of fresh taxes or levies on Nigerians to fund the reconstruction of tollgates on federal highways across the country. It argued that for the tolling policy to see the light of the day, no additional burden, in form of any tax or levy …
NECA rejects additional taxes to fund rebuilding of tollgates Read More »
The Federal Government’s aggressive pursuit of increased non-oil revenue to pare huge budget deficit, which has remained a yearly routine over the years, gained further traction last week, with plans by the lawmakers to enact Communication Service Tax (CST). But the move, like others, is still testing the controversial waters over its morality, workability and …
Nigeria sustains ‘hunt without barriers’ in new tax drive Read More »
Telecom subscribers in the country are likely to pay an additional N261.18bn on voice calls, short message service and data in one year if the Senate passes the proposed Communications Service Bill into law. The bill, sponsored by Senator Ali Ndume from Borno South, aims to charge nine per cent on communication services and pay-per-view …
MTN, Glo, Airtel, 9mobile subscribers, others to pay extra N261bn Read More »
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