Author name: InnerKonsult

Upgrade of CAC’s portal not to siphon money: Registrar-General

Lady Azuka Azinge, acting Registrar-General, Corporate Affairs Commission (CAC), said on Wednesday in Abuja, that the upgrade of the Company Registration Portal (CRP) is to enhance the incorporation process. Azinge, who spoke at a news conference, dismissed the allegation that the CRP upgrade was aimed at siphoning money. She described the allegation as false and […]

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This is nothing but a budget of taxation —Abaribe

The senator representing Abia-South Senatorial District of Abia State in the Senate, Enyinnaya Abaribe, has described the 2020 budget as “nothing but a budget of taxation.” The senator added that the budget is not “sustainable.” President Muhammadu Buhari presented the 2020 Appropriation Bill to the joint sitting of the National Assembly on Tuesday. He had

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Court bars FIRS from enforcing VAT on goods consume in hotels

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

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Communication Tax could overburden consumers – Experts

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

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NECA rejects additional taxes to fund rebuilding of tollgates

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

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