Col. Hammed Ali (rtd) of the The Nigeria Customs Service has called on the federal government to broaden its excise tax net to include carbonated drinks.The Comptroller General of the Service, made the call at a public hearing by the House of Representatives Committee on Finance on Thursday.He said the move will help the service […]

The Federal Inland Revenue Service (FIRS) says it is targeting N8.5 trillion revenue for the country in 2020. The Executive Chairman of FIRS, Mr Muhammad Nami, disclosed this at the 2020 Corporate Plan Retreat in Abuja on Friday. Nami said that the 2020 target was slightly lower than the 2019 target by about N300 billion.

Guinness Nigeria Plc has lamented the impact of increased excise duties and reduced imports on its profitability. The company, in its financial statements for the six-month period ended December 31, 2019, said its operating profit declined by N1.08bn to N3.56bn from N4.64bn in the same period of 2018. It said the decline in its operating

The Minister of Communications and Digital Economy, Dr Isa Pantami, has asked subscribers who have expressed concern over the additional charges on voice calls, SMS and data to direct their grievances to the Federal Inland Revenue Service. Patanmi, in a statement on Thursday, said his office had been swamped with complaints and enquiries concerning the

On January 1 2020, the corporate tax reform entered into force. The Swiss cantons have some margin of discretion in the implementation of the legislation. Differing cantonal pecularities and characteristics are, hence, to be expected. With the enactment of the corporate tax reform, the cantonal tax privileges for holding, domicile and mixed companies were abolished.

Filing crypto taxes is not an option; its’ required by the tax law. If you are still under the impression that the IRS has no visibility into your crypto activity, read “How the IRS Knows You Owe Crypto Taxes” post. Whether you are a self filer or using a professional to file your taxes, this post

LONDON — Lawmakers on the island of Jersey have approved scrapping a decades-old law that prevented married women from talking to the tax authorities without the permission of their husband or filing taxes under their own names, a mechanism described by a local senator as “archaic.” Jersey, a small island in the English Channel a

Tax rises to cover the cost of caring for elderly and disabled people are being considered by the Welsh Government. The money raised could be spent on abolishing care fees or on a pay rise for care workers. A consultation on possible reforms to social care is due to start this summer. Health Minister Vaughan

New Delhi, Feb 4 (IANS): Questions are being raised whether the government made a mistake in announcing the mega IPO of Life Insurance Corporation (LIC) and in the same Budget, created an alternate tax regime in which tax exemptions under Section 80C of the Income Tax Act will be withdrawn. In a note, foreign brokerage Jefferies

Welcome to Hidden Value, the column where Joe Elsasser, CFP, addresses common financial planning issues with insights advisors and their clients may not have considered. Many Americans have started to adjust to changes brought on by the sweeping tax overhaul enacted in 2017. However, new changes introduced by the recent Setting Every Community Up for