Workers of the Revenue Mobilization Allocation and Fiscal Commission have disagreed with the management of the organization over the use of consultants to probe banks for failure to remit all they collect on behalf of the government agencies in charge of taxes and levies. The workers had staged protests for two days last week where […]
Tax probe: RMAFC, workers disagree over consultants’ engagement Read More »
An Igbosere High Court, Lagos State, on Thursday fixed October 10 for the trial of a Nollywood actress, Monalisa Chinda-Coker, over alleged tax evasion. The News Agency of Nigeria reports that trial was earlier fixed for June 5, but could not hold due to the Eid-el-Fitr holiday. At the resumed hearing on Thursday, the court
Alleged tax evasion: Court fixes October 10 for Nollywood actress’ trial Read More »
The Lagos Chamber of Commerce and Industry has faulted the renewed tax drive in the Nigerian economy, saying that it was focused more on investors than consumers. The chamber stated this in a document setting economic diversification agenda for the Federal Government on Sunday. In the document signed by the Director General, LCCI, Mr MudaYusuf,
Nigeria’s tax structure not investment-friendly, says LCCI Read More »
Recently the executive chairman Benue State Internal Revenue Services (BIRS),Terzungwe Atser fingered some politicians, traditional rulers, local government officials as well as highly placed persons in the society to be involved in illegal collection of taxes across the state. Shortly on assumption of office, Atser raised an alarm on the issue of multiple taxation, that
How Illegal Taxes, Road Blocks Stifle Benue Economy Read More »
You know, every question on tax always start with a tax to Gross Domestic Product (GDP) ratio of six per cent. For me, it is rhetoric, unfortunately. But fundamentally, if you really want to get tax level to increase, you have to grow the economy. When the economy is not growing, you can’t expect the
Elebutu: Lowering Tax Rates Attracts More Investments Read More »
Federal Inland Revenue Service, FIRS, is one of the establishments charged primarily with the responsibility of accessing, collecting and accounting for the various taxes to the federal government. Tax paid by the citizens and businesses are used to meet budgetary demands to finance public projects and make the business environment conducive for economic growth. In
The ecommerce sector will experience a minor slowdown as government begins implementing automatic and direct collection of VAT on online transactions in Nigeria. See it this way: if a physical open market sells electric iron for N8, 000 and Jumia sells the same for N8,000, because Jumia’s customer will be required to pay VAT (5%
Nigeria’s Ecommerce 5% Challenge As FIRS Introduces VAT on Online Transactions Read More »
Members of the Depot and Petroleum Products Marketers Association of Nigeria, Major Oil Marketers Association of Nigeria and the Independent Petroleum Marketers Association of Nigeria on Thursday declared that the government and its agencies should not kill oil marketers’ businesses with multiple taxation. DAPPMAN, MOMAN and IPMAN made the call at a stakeholders’ meeting on
DAPPMAN, MOMAN, IPMAN decry multiple taxation, beg govt. Read More »
The Federal Government on Friday said the tax being paid on a packet of cigarette containing 20 sticks would increase from N20 to N40 this month. Speaking at an event in Abuja to mark the 2019 World No Tobacco Day, the Permanent Secretary of the Ministry of Health, Abdulaziz Abdullah, also said the National Assembly
The Osun State government has said that introduction of an automated technology known as “Omoluabi Card” for collection of taxes from taxable Osun residents was designed to boost the state’s revenue base. Supervisor for Finance Mr. Bola Oyebamiji, at a weekly meeting of the Ministry of Finance, said with the automated technology, all taxable adults
TAX: Automated technology will boost Osun‘s revenue Read More »
©2023.Innerkonsult ltd. All Rights Reserved.
Powered by INNER KONSULT LTD
