The German Environment Agency has advocated making cars with high carbon dioxide emissions more expensive given the boom in the purchase of sport utility vehicles in the country. “We must find measures to promote climate friendly transport, Federal Environment Agency president, Maria Krautzberger, told dpa on Tuesday. A proposal from the agency is an income […]
The City of White Rock thinks cities should have that right so it’s looking for support for a proposed motion at the upcoming Union of B.C. Municipalities convention. White Rock is hoping the province will amend the Community Charter to allow municipalities to impose an annual vacancy tax on residential and commercial properties. The City
Delta urged to join push for tax on vacant homes Read More »
Peter Nwaobi, a tax expert at KPMG, said the proposed 5% VAT on online purchase is not a double tax and there were no initial charges on purchases. Nwaobi explained that for every online transaction, there is always a 5% VAT on every item. “Before now, for every time you get online, the merchant already
Expert says 5% VAT on digital economy is not double taxation Read More »
Oyo State government has promised that it will not increase tax on small and medium scale enterprises, SMEs, as a means of boosting its revenue base. Giving this assurance, the Chairman, Oyo State Board of Internal Revenue, BIR, Aremo John Adeleke, in a chat with newsmen at his office in Ibadan, stated that the State
The federal government will soon come up with a resolution on issues bordering on the collection of stamp duties as well as the extension of Value Added Tax (VAT) exemption on capital market transactions, among others, the Vice-President, Prof. Yemi Osinbajo disclosed weekend. VAT charges on transactions in the capital market, which was suspended in
The Federal Inland Revenue Service (FIRS) may, from next year, ask banks to charge customers five per cent Value Added Tax for online purchases when using bank cards, its Chairman, Tunde Fowler, has said. Mr Fowler, who gave the hint in an interview with newsmen in his office in Abuja, also said the federal government
Nigeria considers new 5% tax for online purchases Read More »
The board of telecommunications giant- MTN Nigeria Communications Plc, on Friday, hinted the Nigerian Stock Exchange (NSE) of its pending “technical disagreement” with the Federal Inland Revenue Service (FIRS) on whether it ought to pay corporate tax on a N330bn (about $1.1bn) fine. The matter, according to a statement by Uto Ukpanah, its company secretary,
MTNN Drags FIRS To Tribunal, Says N1.7tr Tax Paid Since 2001 Read More »
The Oyo State government has expressed its determination not to increase tax on small and medium scale enterprises (SMEs) in its drive to increase its revenue base. The Chairman, Oyo State Board of Internal Revenue (BIR) John Adeleke, who made the disclosure while speaking with journalists in Ibadan weekend, also said the government would rather
Oyo will not Increase Tax to Improve IGR, Says Revenue Board Chairman Read More »
To widen its corporate horizon, the Chartered Institute of Taxation of Nigeria (CITN), has renewed its vision and mission statement, with the hope to pursue the actualisation of both with more vigour. The body added that it is also planning to be a leading Institute in training world-class tax professionals. It explained that the planned
Many stakeholders in the Nigerian maritime industry are worried about the import tax imposed on new vessels. They say this may put them at a competitive disadvantage among other African countries in a free market. A former Director General of the Nigerian Maritime Administration and Safety Agency, Mfon Usoro, observes that whereas aircraft brought into
Operators worry over vessel import tax, competition Read More »
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