A Lagos State Prosecutor, Mrs Y. A. Pitan, has told an Igbosere High Court in Lagos that former Super Eagles captain, Austin Okocha, has not liquidated the alleged tax debt he owed the state. Pitan told Justice Adebayo Akintoye on Tuesday that Okocha had visited the Lagos Internal Revenue Service office but failed to settle […]
Tax evasion: Court renews Okocha’s arrest warrant Read More »
A former Deputy Governor of the Central Bank of Nigeria, Obadiah Mailafia, has said that the Lagos State Government is using corrupt consultants to collect tax from the people. Mailafia, who described the act as daylight robbery, called on the people of Lagos to rise against such extortion and corruption. The former CBN deputy governor
Lagos using corrupt firms to collect tax- Ex-CBN dep. Gov Read More »
A national consensus seems to have emerged that increasing the Value Added Tax (VAT) rate at this point will deepen the economic misery of the average Nigerian already overburdened by the yoke of broken social infrastructure. For the hard-pressed workers, such proposition will only mean that the government is desirous of retrieving with the left
When the ongoing integration of different biometric databases in Nigeria is completed, it is anticipated that the figure on the taxpayer database will grow to 45 million individuals, inclusive of corporate payers. In essence, the taxpayer database has expanded from 10 million that was inherited by President Buhari in 2015 to 35 million as at
Government To Grow Taxpayer Database To 45 Million Read More »
The European Union (EU) Support to Federal Government Reform Programme (EU-SUFEGOR) spent a whooping €20m on varieties of reforms to deepen good governance in Nigeria. The Team Leader of the EU-SUFEGOR, Prof. Olaseni Akintola-Bello, said this in Abuja at the formal winding off of the five-year project. According to him, the Treasury Single Account (TSA),
‘EU spent €20m on Nigeria’s tax, budget other reforms’ Read More »
Chartered Institute of Taxation of Nigeria (CITN), and the Association of Chartered Certified Accountants (ACCA), have signed a Memorandum of Understanding (MoU), on professional curriculum exchange and membership recognition between the two institutions. The pact will define how CITN and ACCA would collaborate to develop ACCA’s tax and law variants for Nigeria, and the basis
CITN, ACCA sign pact to deepen capacity in finance sector Read More »
Trouble is brewing for recalcitrant tax evaders in Nigeria, as the Minister of Finance, Mrs Zainab, Shamsuna Ahmed, on Friday inaugurated the Steering Committee for “Project Lighthouse” in line with government’s blueprint to aggressively collect more taxes and grow its non-oil revenue base. Project Lighthouse is an initiative which entails using advanced data mining and
Trouble for tax evaders as FG inaugurates Project Lighthouse Committee Read More »
The Minister of Finance, Mrs Zainab Ahmed on Friday in Abuja, inaugurated a steering committee for ‘Project Lighthouse’ initiative. ‘Project Lighthouse’ is the government’s data mining unit in the Federal Ministry of Finance, saddled with the responsibility of compiling data of tax payers during the implementation of the Voluntary Asset and Income Declaration Scheme. The
The publisher of National Daily Newspaper, Sylvester Ebodaghe, has questioned the National Assembly on the new guidelines released for the accreditation of journalists. Ebodaghe during an interview on Channels Television’s breakfast programme, Sunrise Daily, said it is not the job of the Parliament to demand a journalist’s tax clearance before authorizing them to cover plenary.
‘It’s Not the Job of NASS to Demand Tax Clearance from Journalists’ Read More »
The immediate past National President/Chairman of the Council of Association of Professional Bodies of Nigeria, Mr Gabriel Fasoto, has disabused the minds of many young tax practioners when he said the practice of taxation as a profession is a distinct discipline from accountancy. The past president, Chartered Institute of Taxation said the clarification was necessary
Taxation, a different profession entirely, says Fasoto Read More »
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