Some workers of the Federal Inland Revenue Service (FIRS), have called on President Muhammadu Buhari not to reappoint the Executive Chairman of the service, Mr Babatinde Fowler, for another term of office. The workers, under the aegis of Concerned Staff of FIRS, made this known in a letter to the President, a copy of which […]
Don’t Reappoint Fowler As FIRS Chairman, Staff Tell Buhari Read More »
The federal government’s non-oil revenue increased by 28.7 per cent to N322.93 billion in April, higher than the N251.01 billion recorded the previous month. But at N322.93 billion or 40.6 per cent of total revenue, the non-oil revenue was below the provisional monthly budget estimate of N466.91 billion by 30.8 per cent. The Central Bank
The Lagos Chamber of Commerce and Industry has called for the concessionary tax rate for the Small and Medium Enterprise sector of the economy. Making the call in a communiqué issued at the end of its council meeting held over the weekend, the LCCI noted that small businesses were more vulnerable to the current challenges
G20 policymakers vowed Sunday to “redouble” their bid to reform by the end of next year the international tax system to take account of internet giants such as Facebook and Google. Speaking about international taxation, the G20 finance ministers and central bank governors said in a statement seen by AFP: “We will redouble our efforts
G20 ministers vow to ‘redouble efforts’ on digital tax Read More »
The president of the Confederation of African Football (CAF), Ahmad Ahmed, has been reportedly arrested, on Thursday, June 6, on financial and tax fraud allegations. The 59-year-old was said to have been taken into custody by the authorities at his Berri Hotel room in Paris where he is currently attending FIFA congress. Nigeria Football Federation
The Lagos State Internal Revenue Service (LIRS) issued a Public Notice on 4 June 2019 informing taxpayers of its intention to integrate the existing Taxpayers Identification Digit (PID) into the nationwide Tax Identification Number (TIN) system with the Joint Tax Board. The LIRS intends to leverage the existing Bank Verification Number (BVN) operations to achieve
The Tax Club, University of Lagos clinched the first (1st) prize at the 2019 National Tax Quiz Competition held at the recently concluded Annual Tax Conference organized by the Chartered Institute of Taxation of Nigeria in Kado, Abuja. The Competition was an integral part of the Conference which was held between April 23 and 26,
Tax Club UNILAG Wins National Tax Quiz Competition Read More »
Top G20 finance officials agreed Saturday there was an urgent need to find a global system to tax internet giants such as Google, Facebook, Amazon and Apple, but clashed on the best way to do it. The G20 has tasked the Organisation for Economic Cooperation and Development to fix an international tax system that has
G20 working on digital tax for Amazon, Google, Facebook, Apple Read More »
MAZI Nnamdi Okwuadigbo has emerged the 55th president of the Institute of Chartered Accountants of Nigeria, ICAN, pledging to support government at all levels with recommendations that would facilitate the process of economic growth and development, especially in the management of public resources. Speaking at his investiture in Lagos, Okwuadigbo who until his appointment was
Okwuadigbo emerges 55th ICAN President, pledges support for govt. Read More »
The debate over increasing property taxes continues to intensify and for some Calgary business owners, it’s a fight to keep their business alive. A new social media campaign called “Sorry, Calgary is closing” launched this week and calls for businesses to band together against skyrocketing tax increases. Barre Belle co-founder Kristi Stuart said her property
City businesses campaigning against rising property tax bills Read More »
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