The Minister of Finance , Mrs Kemi Adeosun has called on tax invaders or those who have not declared their income or pay taxes accordingly to take advantage of the Voluntary Assets and Income Declaration Scheme (VAIDS) or face prosecution at its expiration on 31 March, 2018. She stated this during the Stakeholder Interactive Session […]
We’ll Disgrace Tax Evaders After March 31 – Adeosun Read More »
The federal government is ready to prosecute, name and shame tax evaders that fail to utilize the tax amnesty programme, the Voluntary Assets and Income Declaration Scheme (VAIDS), to regularize their tax profiles, the Minister of Finance, Kemi Adeosun, declared yesterday. She also disclosed that the federal government would strictly adhere to the confidentiality of
As VAIDS Winds Down, FG Prepares to Shame, Prosecute Tax Offenders from April 1 Read More »
The business world is changing rapidly and organisations, irrespective of the sector, don’t want to be left out of the trend of improving customer experience with technology and the Internet. We are in an era where the customers determine where, how and when to be served, with the phrase ‘follow your customer’ being the order
Certain moves might subject your tax return to further scrutiny. Here are some critical mistakes to avoid. As if filing taxes weren’t stressful enough, if there’s one aspect of the process that really shakes workers to their core, it’s the prospect of getting audited. Now before we go on, let’s get the following out of the way:
Corporations and businesses may see their taxes increase by 0.5 percent if assent is given to the Competition and Consumer Protection Bill submitted by the National Assembly to the presidency. business a.m gathered from the Nigeria Employers Consultative Association (NECA) that there is an inclusion of a tax provision of 0.5 percent on companies to
Corporate taxes to increase by 0.5% as competition bill goes for assent Read More »
Nigeria’s tax to GDP ratio at six percent is definitely very low when compared to its peers. According to available statistics, Ghana, the nation’s West African neighbour’s ratio at 15 percent cast a pall on Nigeria as the dominant economy in the sub-region. Again, South Africa’s at 24 percent also puts doubts on Nigeria being
Nigeria’s tax drive and burden of responsibility and accountability Read More »
Nigerian government officials, politicians, and bureaucrats like to pretend that they are a part of this world. In truth they are not. On the matter of taxation, they like to sing a swan song once the slogan was established that the country’s tax-to-GDP ratio is one of the lowest in the world. You would think
MINISTER of Finance, Mrs Kemi Adeosun, has solicited for the designation of tax malpractices by multinational corporations in Nigeria and other developing countries as ‘foreign corrupt practices’. She made the call at the Platform for Collaboration on Tax (PCT) Conference in New York, which rounded up during the weekend. The PCT is an initiative of
Declare tax evasion, multinationals’ malpractices, foreign corrupt practices ―Adeosun Read More »
Having posted an unprecedented performance in 2017, the Federal Inland Revenue Service (FIRS) will have its target jacked up from N4 trillion to 6.7 trillion in 2018. The Chairman of FIRS, Babatunde Fowler, yesterday, made the disclosure while delivering a keynote address to directors at the Institute of Directors (IOD) in Ikoyi, Lagos State. Fowler
Chairman of the Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler, has urged members of the Institute of Directors (IoD) to take advantage of the Voluntary Assets and Income Declaration Scheme (VAIDS). Fowler gave the advice in Lagos on Tuesday evening while making a presentation on the tax amnesty scheme to IoD members. In the
Tax Evaders’ll Be Exposed, Fowler Tells Company Directors Read More »
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