The Benue state Board of Internal Revenue Service (BIRS) Sunday said it will clamp down on illegal tax collectors. BIRS also stated that it has arrested one Aga Peter for impersonating as a staff of the revenue Board. Chairman of the board, Andrew Ayaban in a statement issued Sunday said the suspect, Mr Peter was […]
Tobacco-Free Club (TFC), University of Abuja chapter, has called on the Federal Government to increase tobacco tax to 70 per cent of the commodity’s retail price. Mr Izang Lawrence, former President of the Club, made the call on Monday at a campaign to enlighten Nigerians on the national tobacco control act of 2015, in Abuja.
P/Harcourt – The Chairman of Rivers State Internal revenue service (RSIRS), Agoage Norteh has said that the agency under his watch was committed to make Rivers State tax friendly. Source: Independent
The chairman of in the council include University of Lagos (UNILAG), Yaba College of Technology (YABATECH), West African Examination Council (WAEC), Federal College of Education (Technical), Psychiatric Hospital, Queen’s College, three military barracks, State CID, among others. According to the council boss, none of the institutions occupying half of the council’s land is paying a
Federal institutions in Yaba not paying taxes, council boss laments Read More »
The Federal Government is considering an extension of the value added tax (VAT) exemption on capital market transactions, Vice President, Yemi Osinbajo, has said. Also, the VP said the government is already taking steps to resolve the controversy over the collection of stamp duties. The VP spoke at the Awards Night of the Association of
Nigerian govt considering VAT exemption extension — VP Read More »
According to KRA, this tax should be deducted from the total payout; for example, if ones stakes Sh1,000 and wins Sh500, the 20 per cent withholding tax should be applied on the Sh1,500, amounting to Sh300 in tax. However, betting firms argue that KRA is erroneously lumping together the customer’s stake and the winnings. They
If next year’s target for the kick-off of the tax or levy on online transactions sails through, there certainly would be interesting figures and government would be smiling to the banks for fat Cheques. On the other hand, there is an expectation of corresponding reactions, coupled with intuitiveness by many Nigerians, who would be plotting
Online transactions levy: Raising new controversy in tax basket Read More »
Taxes are a greater drag on net investment returns than expenses and fees, according to a study by Rob Arnott of Research Affiliates. Most investors leave a lot of money on the table by overlooking important tax tricks of funds and focusing on taxes only near the end of the year. Don’t let that happen
MTN Nigeria has said it took the Federal Inland Revenue Service before the tax tribunal to seek clarification over its right to deduct tax from the regulatory fine imposed by the Nigerian Communications Commission (NCC) in 2015. In its reaction to PREMIUM TIMES enquiries Monday last week, the tele-mobile firm said the decision to approach
The Nasarawa State Government has expressed its readiness to collaborate with Tax Appeal Tribunal towards enhancing tax payment by educating and enlightening the public on its civic responsibility. The governor of the state, Abdullahi Sule, stated this when he received a delegation of the Tax Appeal Tribunal led by the Zonal Chairman, Richard Bala, in
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