The debate over increasing property taxes continues to intensify and for some Calgary business owners, it’s a fight to keep their business alive. A new social media campaign called “Sorry, Calgary is closing” launched this week and calls for businesses to band together against skyrocketing tax increases. Barre Belle co-founder Kristi Stuart said her property […]

Workers of the Revenue Mobilization Allocation and Fiscal Commission have disagreed with the management of the organization over the use of consultants to probe banks for failure to remit all they collect on behalf of the government agencies in charge of taxes and levies. The workers had staged protests for two days last week where

An Igbosere High Court, Lagos State, on Thursday fixed October 10 for the trial of a Nollywood actress, Monalisa Chinda-Coker, over alleged tax evasion.  The News Agency of Nigeria reports that trial was earlier fixed for June 5, but could not hold due to the Eid-el-Fitr holiday. At the resumed hearing on Thursday, the court

The Lagos Chamber of Commerce and Industry has faulted the renewed tax drive in the Nigerian economy, saying that it was focused more on investors than consumers. The chamber stated this in a document setting economic diversification agenda for the Federal Government on Sunday. In the document signed by the Director General, LCCI, Mr MudaYusuf,

You know, every question on tax always start with a tax to Gross Domestic Product (GDP) ratio of six per cent. For me, it is rhetoric, unfortunately. But fundamentally, if you really want to get tax level to increase, you have to grow the economy. When the economy is not growing, you can’t expect the

Members of the Depot and Petroleum Products Marketers Association of Nigeria, Major Oil Marketers Association of Nigeria and the Independent Petroleum Marketers Association of Nigeria on Thursday declared that the government and its agencies should not kill oil marketers’ businesses with multiple taxation. DAPPMAN, MOMAN and IPMAN made the call at a stakeholders’ meeting on

The Federal Government on Friday said the tax being paid on a packet of cigarette containing 20 sticks would increase from N20 to N40 this month. Speaking at an event in Abuja to mark the 2019 World No Tobacco Day, the Permanent Secretary of the Ministry of Health, Abdulaziz Abdullah, also  said  the National Assembly

The Osun State government has said that introduction of an automated technology known as “Omoluabi Card” for collection of taxes from taxable Osun residents was designed to boost the state’s revenue base. Supervisor for Finance Mr. Bola Oyebamiji, at a weekly meeting of the Ministry of Finance, said with the automated technology, all taxable adults

More than 160 countries around the world use value-added tax, nevertheless most commonly found in the European Union are not without controversy. It was in 2018 implemented in United Arab Emirate, the first in Middle-east countries to introduce VAT. Most of these countries; if not all get value for any tax paid by citizens and