The Vice President, Pest Control Association of Nigeria (PECAN), Mr. James Erondu has said many of its members have been running their companies at a loss due to multiple taxation and extortion. He therefore appealed to the Lagos State government to call its tax agents to order and put an end to the extortion. Speaking […]
PECAN urges government to curb multiple taxation. Read More »
The Securities and Exchange Commission (SEC) is planning to partner the Federal Inland Revenue Service (FIRS), the Corporate Affairs Commission (CAC), and the Nigerian Stock Exchange (NSE), over Oando Plc‘s alleged corporate infractions. The capital market regulator disclosed that it plans to share findings from Oando Plc’s forensic audit with other regulatory institutions in order
SEC lays out plans to leverage FIRS, NSE, and CAC in nailing Oando Read More »
The Peoples Democratic Party and the Coalition of United Political Parties on Saturday criticised President Muhammadu Buhari for asking the governors of the 36 states to increase Value Added Tax in the next four years. Buhari had, while inaugurating the National Economic Council for its 2019-2023 session at the Presidential Villa in Abuja, told the
VAT hike: PDP, CUPP berate Buhari over directive to govs Read More »
Mr. Babatunde Fowler, Chairman, Joint Tax Board (JTB) and Federal Inland Revenue Service (FIRS), explains to select journalists, how the new tax identification number registration system, scheduled for launch on Monday, will bring convenience to the taxpayer, boost tax compliance and revenue collection. Olaoluwakitan Babatunde was there There is a plan by the Joint Tax
New JTB TIN Registration Will Bring Convenience, Transparency Read More »
A Federal High Court,in Lagos south west Nigeria, Presided over by Justice Chuka Obiozor, today ordered four multinational Oil companies, namely Shell Nigeria Exploration and Production Company Limited, Esso Exploration and Production Nigeria( DEEPWATER) Limited, Nigeria Agip Exploration Limited, and Total E&P Nigeria Limited to pay a total sum of $17,900,484.80., as penalty and interest
Google said Thursday it supports a global agreement on taxation that could allocate more taxes from multinationals to jurisdictions outside their home countries. “We support the movement toward a new comprehensive, international framework for how multinational companies are taxed,” said a blog post from Karan Bhatia, Google’s vice president for public affairs and public policy.
Google endorses ‘international tax deal’ for multinational Read More »
All over the world, taxation is the means of funding government businesses. The fiscal and monetary policies of any government are essentially the use of taxation in combination with other policies to regulate the economy. But taxation policy of government is not only to raise funds, it is also to grow the economy. Taxation can
In a Statement of Defence filed before a Federal High Court, Abuja, FIRS said that it received from First Bank a compact disc containing evidence that the indigenous company received a cash flow of over 6.8 million dollar. Executive Chairman of Nigeria’s Federal Inland Revenue Service (FIRS), Mr Tunde Fowler Executive Chairman of Nigeria’s Federal
The Nigerian Communications Commission (NCC) has said multiple taxation and regulation of the telecoms industry discourage investments and deny government of long-term revenues as well as destroy the foundations for future growth. The Executive Commissioner (Stakeholder Management) of the NCC, Sunday Dare, disclosed this on Thursday during the South-East edition of the NCC Stakeholders’ Parliament
Multiple taxation hinders investment in telecom sector – NCC Read More »
The absence of a witness for the Attorney General of the Federation on Wednesday forced the Federal High Court in Lagos to adjourn till October for hearing of a suit filed by MTN Nigeria Communication Limited against the AGF over N242bn and $1.3bn import duties and withholding tax assessments. The telecommunications company, in the suit
Absence of witness stalls MTN’s tax suit against AGF Read More »
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