We’ll Make Rivers State Tax Friendly – Norteh
P/Harcourt – The Chairman of Rivers State Internal revenue service (RSIRS), Agoage Norteh has said that the agency under his watch was committed to make Rivers State tax friendly. Source: Independent
Federal institutions in Yaba not paying taxes, council boss laments
The chairman of in the council include University of Lagos (UNILAG), Yaba College of Technology (YABATECH), West African Examination Council (WAEC), Federal College of Education (Technical), Psychiatric Hospital, Queen’s College, three military barracks, State CID, among others. According to the council boss, none of the institutions occupying half of the council’s land is paying a
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CAC extends 50% cut for biz registration fee by 3 days
The Corporate Affairs Commission (CAC) has extended by three days the 50 per cent reduction in the registration fee for Business Names with effect from 13th August, 2019. A statement signed by the Commission’s Head of Public Affairs, Moses Adaguusu, revealed that the fee cut would now end on Friday, 16th August, 2019. “The three
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CAC registers 220,773 MSMEs in 10 months
The Corporate Affairs Commission on Monday announced that it registered 220,773 Micro, Small and Medium Enterprises in the last 10 months. The CAC said in a statement issued by the commission’s Head of Public Affairs, Moses Adaguusu, in Abuja. It said that the MSMEs were registered between October 2018 and July 31, adding that it
Namibia Joins International Taxation Initiative
Namibia has joined a consortium of over 130 countries seeking to tackle tax avoidance, improve the unity of international tax rules, and ensure a more transparent international tax environment. This was revealed by the Organisation for Economic Cooperation and Development (OECD) last Friday in an announcement made on its website. Namibia’s joining follows the European
Tax: Responding to Oxfam’s inequality warning
Nigeria has continued to engage the attention of the world as a paradox of lack in the midst of plenty. As a country blessed with abundant human and natural resources, Nigeria has puzzlingly remained stuck in a perilous dalliance with poverty, coming across as a society where very few are outrageously well-heeled, while the clear
Nigerian govt considering VAT exemption extension — VP
The Federal Government is considering an extension of the value added tax (VAT) exemption on capital market transactions, Vice President, Yemi Osinbajo, has said. Also, the VP said the government is already taking steps to resolve the controversy over the collection of stamp duties. The VP spoke at the Awards Night of the Association of
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Tax Appeal Tribunal’s Judgement On The Taxability Of Gratuity Payments
The Tax Appeal Tribunal (“TAT” or “the Tribunal”) sitting in Enugu State on 20 June 2019 delivered a judgment in favour of Nigerian Breweries Plc (“Nigerian Breweries” or “Appellant”) in a case with Abia State Board of Internal Revenue Service (“ASBIRS” or “Respondent”). The key issue considered in the case, amongst others, was determining whether
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Obaseki, institute of taxation finetune strategy to widen tax net
The Edo State Governor, Mr. Godwin Obaseki, has said that the state government will partner with the Chartered Institute of Taxation of Nigeria (CITN) to drive advocacy campaigns so as to widen the tax net in the state. Obaseki said this during a courtesy call by members of the Benin District Society of the CITN,
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KRA must change stance on betting tax
According to KRA, this tax should be deducted from the total payout; for example, if ones stakes Sh1,000 and wins Sh500, the 20 per cent withholding tax should be applied on the Sh1,500, amounting to Sh300 in tax. However, betting firms argue that KRA is erroneously lumping together the customer’s stake and the winnings. They
