The spate of tax evasion by taxable individuals and corporate entities has continued to draw concern from stakeholders who call for a halt to support governments’ programmes in the economic sector. Making their stands known in the matter, Nigeria Governors’ Forum (NGF) and Nigeria Economic Summit Group (NESG) regretted that only 20 million out of […]
The Plateau State Board of Internal Revenue has generated N10. 7 billion between January and July 2019. Dashe Ariat, chairman of the board told journalist that this geometric increase came through a lot of efforts. ” We now meet the tax payers at their doorsteps, not waiting for them to come to us as it
Plateau State revenue board generates N10bn in six months Read More »
The Federal Inland Revenue Service (FIRS) is empowered to assess and collect established tax liabilities from entities. The tax laws also empowered the tax authority to charge and collected administrative penalties such late returns penalty, penalty late payment, etc. Tax Authorities do not have powers to impose taxes, only a court of law can impose
Mind Your Tax Affairs: Power to Recover Tax Liabilities Read More »
The President, Coker Building Materials and Allied Products, Mr. Justin Okpani, has said that his administration inherited disunited union at inception. He observed that traders in Coker Building Materials Market were solving their problems individually making the ability to have some of them resolved in their favour near impossible. Speaking exclusively to PropertyMart at the
Rising trade permits, taxes our greatest challenge –Okpani Read More »
Barring any last minute delay, the Technical Committee of the National Tax Policy Implementation Committee, NTPIC, will soon present a Finance Bill and Policy Note to the Minister of Finance and Budget Planning. Indication to this was disclosed at the second sitting of the committee on Tuesday, September 3, 2019 at the Federal Inland Revenue
Nigeria’s Federal Tax Revenue Agency Says New National Tax Policy Underway Read More »
General private nurses in Nasarawa State have complained of harassment and multiple taxation hampering the work of nursing and maternity homes. Chairman of the Association of General Private Nursing Practitioners (AGPNP) in Nasarawa, Angbas Stephen, listed the issues in its run-in with state officials at a meeting of the association’s national executive council in Karu.
Nasarawa private nurses complain of multiple taxation, harassment Read More »
Barring any last minute delay, the Technical Committee of the National Tax Policy Implementation Committee (NTPIC) will soon present a Finance Bill and Policy Note to the Minister of Finance and Budget Planning. Indication to this was disclosed at the second sitting of the committee, Tuesday at the Federal Inland Revenue Service (FIRS), Headquarters in
New national tax policy underway as committee sets to submit report Read More »
Introduction Arguably, the most basic principles in business are minimising cost and maximising profit. Thus, it is not unnatural that businesses would seek to reduce their expenses to the barest minimum. Conversely, the tax authorities have the responsibility of ensuring that businesses pay their taxes in accordance with the tax laws. Businesses sometimes incur punitive
Deductibility Of Punitive Payments In Corporate Tax Assessment Read More »
National Assembly Joint Committee has raised concern over Federal Inland Revenue Service’s (FIRS) 2019 projected estimate of non oil revenue tax collection of N146.54 billion. The Co-chairman of the committee, Sen. John Enoh and other members of the committee raised the concern at FIRS’s budget defence in Abuja on Monday. The committee sought to know
Mallam Nasir el-Rufai, Governor of Kaduna State, has continued to make very fundamental statements by words and actions that the most important legacy for any leader is to inspire confidence and trust in his appointees that they have the capacity to deliver services to the people. El -Rufai, is undoubtedly an apostle of C. Everett
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