Author name: InnerKonsult

N1.2 billion tax error: Tribunal to hear ex-NBA President’s suit July 17

The Tax Appeal Tribunal on Tuesday adjourned until July 17, hearing in the suit filed by Joseph Daudu, SAN, challenging alleged N1.2 billion error in taxation. Mr Daudu (appellant) said he was dissatisfied with Federal Inland revenue Service (FIRS) assessments of his Withholding Tax (WHT), Personal Income Tax and Value Added Tax (VAT) for the […]

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Nigerians are ready to pay their taxes if there are proper education and expenditure transparency – Survey

Nigerian citizens are ready to pay their taxes given proper education and expenditure transparency on the allocation and application of resources by the government, according to a new survey by the Nigeria Economic Summit Group. The survey, Citizen Perception Report is the first of several research pieces to be published by the NESG Fiscal Policy

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ICAN accredits Bauchi Polytechnic accounting courses

The Institute of Chartered Accountants of Nigeria (ICAN) has accredited National Diploma (ND) and Higher National Diploma (HND) programmes in Accountancy being run by the Abubakar Tatari Ali Polytechnic (ATAP) Bauchi. The Dean, School of Management Studies of the polytechnic, Dr Hafiz Baba who announced this, said this would enable students of Accountancy of the

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LPG: Association Commends FG For VAT Removal

The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) on Thursday commended the Federal Government for the removal of Value-Added Tax (VAT) on locally sourced Liquefied Petroleum Gas (LPG). The NALPGAM President, Mr Nosa Ogieva-Okunbor, said on Thursday in Lagos that the Federal Government had approved the removal of VAT on LPG and gazette the

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Anambra journalists demand Azinge’s confirmation as CAC Registrar General’s

The League of Anambra Media Practitioners (LAMP), a body of journalists of Anambra state origin, practicing in Abuja, has called on President Muhammadu Buhari, to as a matter of urgency; confirm the appointment of the acting Registrar General of the Corporate Affairs Commission (CAC), Lady Azuka Azinge, as the substantive Registrar General. LAMP in a

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CAC: Court remands former Mainstreet Bank MD

An Ikeja Special Offences Court, Lagos has revoked the bail of a former Managing Director of MainStreet Bank Registrar Limited, Chester Onyeamachi Ukandu who was earlier granted bail on an offence of forgery. Ukandu was arraigned by the Economic and Financial Crimes Commission, EFCC on March 19, 2018 on a three-count charge bordering on forgery

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ICAN accredits accounting courses at ATAP

The Institute of Chartered Accountants of Nigeria (ICAN) has issued certificate of recognition to Abubakar Tatari Ali Polytechnic (ATAP) Bauchi for its National Diploma and Higher National programmes in Accountancy. The Dean, School of Management Studies of the polytechnic Dr Hafiz Baba made the disclosure on Tuesday  while speaking with newsmen in his office. With

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Aeronautic Charges, VAT Not Hindrance To Growth Of Domestic Airlines

Indigenous airlines have been told to take the prompt payment of their charges to respective aviation agencies as a top priority in order for the industry to witness the expected growth. Grp. Capt. John Ojikutu (rtd), the Chief Executive Officer (CEO) of Centurion Aviation Securities in an interview with our correspondent in Lagos, said that

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FIRS Vows to Eliminate Multiple Taxation

The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has restated the agency’s commitment to eliminating multiple taxation in the country. Fowler said this at a tax breakfast seminar with the theme: “Tax Controversy and Dispute Resolution,’ organised by KPMG Nigeria in Lagos, recently. According to him, one thing the FIRS did when

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