The Auditor-General of the Federation, Mr. Anthony Mkpe Ayine, has begun deep engagements with key federal agencies in his efforts to improve the credibility of public finance administration in Nigeria. The interface, which involves sharing knowledge with key stakeholders to aggregate a position that will strengthen revenue management, is also To prep them for revenue […]
Company Statement of Affairs The Statement of Affair is a summary of a Company’s assets and liabilities. It states the net book value and amount expected to realise at the date of Insolvency of the business. It provides a useful source of information for both the Administrator and the creditors. And It is often referred
Company Statement of Affairs for CAC and FIRS Applications Read More »
Kenya’s Information Communication and Technology (ICT) ministry is working on completing a new tax scheme. This framework, reports say, will be used to tax foreign online streaming media services such as YouTube and Netflix. The over-the-top services (OTT) will soon be required to declare the incomes they derive from Kenyan consumers. OTT services include all
Kenya plans to tax OTT services like Youtube, Netflix Read More »
Increase budgetary allocation to education and improve the quality of the sector, government has been urged to sensitise all taxable adults on voluntary payment of Tax. This was the submission of participants at the end of a two-day stakeholders Forum on Tax and Gender Responsive Schools in Lagos organised by Human Development Initiative (HDI), Norad
Stakeholders say voluntary tax payment key to quality public education Read More »
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, was queried by President Muhammadu Buhari over variances between budgeted collections and actual collections between 2015 and 2018. Multiple presidency sources confirmed the authenticity of the query dated August 8, 2019, and signed by the Chief of Staff to the President, Malam
The Oyo State Governor, Mr Seyi Makinde, has pleaded for the support of different stakeholders operating in the state on adequate deductions, prompt remittance of taxes and other levies to fulfil his promises on provision of social amenities, enduring infrastructure, regular payment of government obligations and other amenities. Makinde stated this during a one-day sensitisation
President Muhammadu Buhari has given the Executive Chairman of the Federal Inland Revenue Service (FIRS) Babatunde Fowler till Monday to explain the gaps in tax collections between 2015 and 2018. Fowler, whose top echelon of his FIRS has in recent times, been under the searchlight of the Economic and Financial Crime Commission (EFCC) for duty
Fowler Gets Monday Deadline To Explain Discrepancies In Tax Collections Read More »
Indications emerged on Sunday that the Chief of Staff to President Muhammadu Buhari, Mr. Abba Kyari, has queried the Executive Chairman of the Federal Inland Revenue Service, Mr, Babatunde Fowler, over alleged discrepancies in tax collections from 2015 to 2018. A letter dated August 8, 2019, and addressed to the FIRS chairman, which was signed
Buhari’s COS queries FIRS chairman over worsening tax collection Read More »
The National Board of Revenue (NBR) has taken an initiative to introduce a mobile application and software, aiming to check cases of tax evasion and increase the number of taxpayers. The revenue-collecting authority thinks launching of the app and software will bring dynamism into the revenue administration, and help bring a large number of eligible
Apple is heading to court next month to fight a 13 billion euro ($14.4 billion) tax bill handed down by the European Union in 2016. Europe’s General Court will hear Apple’s appeal on Sept. 17 and 18, Bloomberg reported Friday. The case relates to the bill that the EU Competition Commission ordered Ireland to recoup
Apple to fight $14 billion tax battle in European court next month Read More »
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