The Anambra State government has lamented that it is being owed as much as N600 million in tax by companies, schools, hotels and other business concerns operating in the state, most of which have bluntly refused to pay up. The Chairman of Anambra State Internal Revenue Service, Dr. David Nzekwu, stated this on Tuesday, during […]
Anambra Laments N600m Tax Debt by Firms, Begins Enforcement of Payment Read More »
The Society of Women Accountants of Nigeria (SWAN) Kwara Chapter, on Tuesday pledged the commitment of the association to continue stimulating the desire of young Nigerian females in Accountancy profession. Dr Khadijat Yahaya, the pioneer Vice-Chairperson of the chapter made the pledge in Ilorin during her inauguration and that of other members of the Executive
SWAN pledges to promote Accountancy among female Nigerians Read More »
The Corporate Affairs Commission (CAC) has once more applauded the National Assembly on the transmission of the Companies and Allied Matters (CAM) Bill 2019 to the President for assent. This was in consonance with the provision of the Acts Authentication Act Cap. A2, Laws of the Federation of Nigeria 2004. The CAMA Bill 2019 which
The Corporate Affairs Commission (CAC) has explained that the Companies and Allied Matters (CAM) Bill 2019 will allow an individual to form a company and make use of Common Seal option for companies. The Commission said the Bill will also greatly enhance the ease of starting and growing business in the country and ensure more
2019 CAM Bill will allow one person form company – CAC Read More »
THE International Monetary Fund (IMF) has said that Nigeria and other countries outside the Organisation for Economic Co-operation and Development (OECD) group lostabout $200 billion annually due to unfair global corporate tax system exploited by companies to shift profits to low-tax location. IMF President, Christine Largade disclosed this last week while speaking on Corporate Taxation
Tax: Nigeria, others lose $200bn per annum to unfair global corporate tax system —IMF Read More »
Mr Bharat Vora, a Plaintiff, on Monday prayed a Federal High Court in Abuja to award him N2 billion against the Federal Inland Revenue Service (FIRS) for shutting his business. Vora, the Managing Director of Mutunci Company Nig. Ltd., also asked for the refund of N7 million that he paid FIRS to re-open his factory
FIRS in N2bn lawsuit over alleged illegal shutdown of company Read More »
The Court of Appeal, Lagos Division, on Friday, set aside a judgment of the Federal High Court in Lagos which exempted the Nigerian Liquefied Natural Gas Limited from levies payable to the Nigerian Maritime Administration and Safety Agency under the NIMASA Act, Cabotage Act, Marine Environment (Sea Protection Levy) Regulations, and other laws of the
NIMASA’s tax dispute with NLNG returns to high court Read More »
A total of 14 commercial banks listed on the Nigerian Stock Exchange are billed to pay N103bn in taxes to the Federal Inland Revenue Service for the 2018 financial year. An analysis of the recent financial statements filed by the banks on the NSE showed that Ecobank Transnational Incorporated will pay the highest amount of
The Vice Presidential candidate of the Peoples Democratic Party, PDP, in the February 23 presidential election, Mr. Peter Obi, has described as gratifying, the recent warning of All Progressives Congress, APC, leader, Bola Ahmad Tinubu, against the removal of Value Added Tax otherwise called VAT. Obi said that Tinubu’s warning which makes economic sense given
VAT: What Tinubu failed to tell Buhari – Peter Obi Read More »
A Lagos High Lagos in sitting in Igbosere on Monday renewed a bench warrant for the arrest of actress and producer, Monalisa Chinda Coker, over a tax evasion charge. The presiding judge, Adedayo Akintoye renewed the order for Coker’s arrest following her repeated failure to honor court summons. When the case was called Monday, neither
Tax evasion: Court renews arrest warrant against Monalisa Chinda Read More »
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