Nigerian Tax Archives - Page 34 of 49

Tax payment: Anambra tasks proprietors of private schools on transparency

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Proprietors of Private Schools in Anambra State have been charged to run a transparent, accountable, value based and quality education system in the state. The Commissioner for Basic Education, Professor Kate Omenuga made the remarks in Awka during an interactive meeting on what is expected of the proprietors to do in terms of tax payment. […]

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Testing the Waters for Possible VAT Hike

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As federal government continues to contemplate ways to cover its increasing recurrent expenditure, the effect of tax burden on the citizens must be considered, writes Obinna Chima. The federal government recently gauged the willingness of citizens to accept an increase in Value Added Tax (VAT) in its quest to shore up its revenue. Even though

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9 senior FIRS officials reportedly in EFCC detention over alleged diversion of N6bn tax fund.

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Some officials of the FIRS have reportedly been arrested by the EFCC for alleged fraud. It was reported that N6 billion tax fund meant for the federal government has been diverted . The EFCC also confirmed the arrest of the officials nine senior officials of the Federal Inland Revenue Service (FIRS) have reportedly been arrested

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FG moots idea of raising N6tn from petroleum tax, VAT

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The Federal Government, through the Federal Inland Revenue Service, plans to generate N4.3tn from petroleum profit tax and N1.7tn through the Value Added Tax in 2019, The amount is part of the N8.8tn tax revenue needed by the government to finance the 2019 budget. Details of how the revenue would be generated are contained in

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FG Must Review VAT Law – Tax Expert

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A tax expert, Taiwo Oyedele, has urged the Federal Government to review its Value Added Tax (VAT) law and better policing of its borders to improve its VAT collections. Oyedele, Head of Tax and Corporate Advisory Services, PricewaterhouseCoopers (PwC), West Africa, gave the advice in an interview with the News Agency of Nigeria (NAN) on

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Tax man will be all over the British royal baby

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Talk about being born with a silver spoon in your mouth: the royal baby of Prince Harry and Meghan Markle will have a particularly glittery one. And US tax authorities will be keen to know how much that utensil is worth. That’s because the baby will have dual nationality: British because of his father and

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FG to raise N6tn from petroleum tax, VAT

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FG to raise N6tn from petroleum tax, VAT Read More »

Stakeholders Decry FIRS Plan to Commence VAT Collection on Gambling and Lottery games

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The Executive Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler, has disclosed the agency’s plans to charge Value Added Tax (VAT) on gaming activities, as well as automate VAT collection from lottery operators in Nigeria. Are value-added tax (VAT) is a consumption tax placed on a product whenever value is added at each

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We will recover all revenues accruable to government – FIRS

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The Federal Inland Revenue Service (FIRS) says it is determined to recover all revenue accruable to the Nigerian government. The Executive Chairman, FIRS, Mr Babatunde Fowler, made this known in an address at the ongoing 30th Enugu International Trade Fair, in Enugu state. To achieve the objective, Fowler said it had already listed companies and

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ICAN urges FIRS to upgrade electronic tax filing system

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The Institute of Chartered Accountants of Nigeria has called on the Federal Government to address some of the gaps identified in the implementation of the ease of doing business reforms. Specifically, it called on the Federal Inland Revenue Service to address the challenges being experienced in its technology infrastructure to make it easier for taxpayers

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Nigerian Tax

Tax payment: Anambra tasks proprietors of private schools on transparency

Testing the Waters for Possible VAT Hike

9 senior FIRS officials reportedly in EFCC detention over alleged diversion of N6bn tax fund.

FG moots idea of raising N6tn from petroleum tax, VAT

FG Must Review VAT Law – Tax Expert

Tax man will be all over the British royal baby

FG to raise N6tn from petroleum tax, VAT

Stakeholders Decry FIRS Plan to Commence VAT Collection on Gambling and Lottery games

We will recover all revenues accruable to government – FIRS

ICAN urges FIRS to upgrade electronic tax filing system

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