Nigerian Tax

FG offers tax incentives to investors willing to invest in road construction

The Federal Government says it will grant tax incentives to private companies willing to fund the construction of major road projects in the six geo-political zones of the country. The Minister of Finance, Mrs Zainab Ahmed said this on Tuesday at the Public Presentation of the Approved 2019 Budget in Abuja. Ahmed, who spoke on

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LOCAL TAX THREAT Councils should consider local income tax to fill funding void, says think tank

CASH-STRAPPED councils should consider clobbering Brits with a local income tax to plug their multi-billion pound funding black hole, a respected think-tank today says. The Institute for Fiscal Studies said English town halls have had their funding slashed by a fifth in the past decade. The Institute for Fiscal Studies says local councils will face

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Why wealthy Nigerians evade taxes –Oxfam

The Niger Delta Budget Monitoring Group and Oxfam International have urged the federal and state governments to intensify efforts in the collection of taxes from citizens. During a multi-stakeholder dialogue in Lagos, the Program me Officer, Public-Private Sector Transparency and Accountability Officer, Oxfam International, Henry Ushie, said that the government, both at the federal and

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Tax: how lottery can boost Nigeria’s revenue

The Managing Director of Bet9ja, Ayo Ojuroye, has argued that lottery business can boost Nigeria’s revenue. In a statement made available to newsmen, Ojuroye stated that the Nigerian State is already benefiting from lottery companies through the taxes and other levies paid to the government. To exemplify, he explained that Bet9ja pays all its taxes

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Government To Grow Taxpayer Database To 45 Million

When the ongoing integration of different biometric databases in Nigeria is completed, it is anticipated that the figure on the taxpayer database will grow to 45 million individuals, inclusive of corporate payers. In essence, the taxpayer database has expanded from 10 million that was inherited by President Buhari in 2015 to 35 million as at

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CITN, ACCA sign pact to deepen capacity in finance sector

Chartered Institute of Taxation of Nigeria (CITN), and the Association of Chartered Certified Accountants (ACCA), have signed a Memorandum of Understanding (MoU), on professional curriculum exchange and membership recognition between the two institutions. The pact will define how CITN and ACCA would collaborate to develop ACCA’s tax and law variants for Nigeria, and the basis

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