Endy Arya Yoga and Fabian Abi Cakra of GNV Consulting Services summarise tax-related developments which rounded off 2019 in Indonesia. January 08 2020 New regulations on Bonded Warehouses seek to support business The Minister of Finance has issued Regulation Number 155/PMK.04/2019 (PMK-155) regarding Bonded Warehouses (BW). The regulation supports the national industry roadmap and increases […]

The IRS will begin processing 2019 tax returns on January 27, making it the first day you may file your return. The last day to file a 2019 return is on Wednesday, April 15, unless you file an extension. However, any owed taxes are still due on April 15.  Americans eager to claim their annual

Despite the petition by the Minister of Communications and Digital Economy, Dr Isa Ibrahim Pantami, the Federal Inland Revenue Service… Despite the petition by the Minister of Communications and Digital Economy, Dr Isa Ibrahim Pantami, the Federal Inland Revenue Service (FIRS) insists it is backed by law to collect stamp duty. Dr. Pantami had petitioned

President Muhammadu Buhari had in December, last year, nominated Mr. Muhammad Nami as the new Executive Chairman of the Federal Inland Revenue Service (FIRS). He replaced Babatunde Fowler whose application for a second term was rejected by the presidency. Nami’s appointment was swiftly confirmed by the Senate. Therefore, the new FIRS boss should be aware

L-R: Managing Director, Galaxy Backbone Limited, Prof. Mohammed Abubakar; Executive Commissioner, Technical Services, Nigerian Communications Commission, Engr. Ubale Maska; Minister of Communications and Digital Economy, Dr. Isa Pantami; Director-General, National Information Technology Development Agency, Mr. Inuwa Abdullahi and Managing Director, Nigerian Communications Satellites Limited, and Dr. Abimbola Alale during the maiden Press parley by the

Giving newsmen a ‘Detailed Analysis of Year 2020 Budget’ of Lagos State in Ikeja on Tuesday, Egube said that the budget of N1.16 trillion would be funded from a total revenue estimate of N1.07 trillion. ”A significant percentage of the projected Total Internally Generated Revenue (TIGR) of N500 billion is expected to be contributed by

The arguments surrounding the Federal Government agency that warehouse proceeds of stamp duty in Nigeria has taken another dimension. Following the recent protest of workers in Nigerian Postal Service (NIPOST) over who collect the duty, Minister of Communication and Digital Economy, Isa Ibrahim Pantami, has thrown his weight behind NIPOST workers. He faulted the decision of the

The Finance Bill 2019, when signed into law, will ensure that small businesses with turnover less than N25m will be exempted from Companies Income Tax. Currently, all companies are expected to pay the Federal Government 30 per cent of their profit as Companies Income Tax. However, the Minister of Finance, Budget and National Planning, Zainab

New Jersey experienced the highest number of departures among all states in 2019, according to data from United Van Lines. One-third of people leaving cited retirement as a reason. Illinois and New York round out the top three states with the most outbound moves. Popular destinations include Idaho and Florida, the moving service found. Traffic

The Internal Revenue Service is making it easier for more people to file their taxes for free in 2020. On Monday, the IRS made an addendum to its Free File program which is an agreement with a dozen tax preparation firms including H&R Block and TurboTax’s parent company Intuit.  The government program offers no-charge tax-prep software to people