A court in Abuja on Thursday blocked an attempt by Zinox Technologies Limited to suppress press freedom and stop PREMIUM TIMES from continuing its reporting on the allegation of N170 million contract fraud against the computer firm. In its ruling on the motion by Zinox Technologies seeking an injunction to restrain PREMIUM TIMES from further […]
N170m FIRS Contract Fraud: Court stops Zinox Computers’ from gagging Read More »
NO PERSON/FIRM CAN COLLECT TAX/LEVY ON BEHALF OF ANY GOVERNMENT IN ANY PART NIGERIA. Taxes/Levies are serious issues in any part of the world. They are created by government and their prices/amounts are certain and predictable. In Nigeria, all taxes/levies must be created by law and be assessed and collected by either Federal, State or
No Person/Firm Can Collect Tax/Levy On Behalf Of Any Government In Any Part Nigeria Read More »
The National Council of Managing Directors of Licensed Customs Agents (NCMDLCA) has called on the federal government to take urgent steps and stop the recent additional shipping charges by shipping companies called “the government and port taxes”. According to the agents, by the action, the shipping companies had violated the provision of the Convention of
Custom Agents Tackle Shipping Companies over Illegal Taxes Read More »
Personal income tax act is a topic everyone should know, whether you are an employee or an employer. Taxation is a crucial part of the everyday life of every person. We encounter taxes everywhere: at work, in a supermarket, and even at home. However, personal income tax is the most important of them. We have
Personal income tax act in Nigeria: things everyone should know Read More »
Mrs Ene Obi, the Country-Director of Actionaid, has called on all taxable citizens and corporate bodies to pay their correct taxes to boost national development. Ene, represented by the Governance Manager, Actionaid, Mr Celestine Odo, made the appeal on Tuesday in Lagos at the opening of a three-day workshop on breaking barriers to education by
Nigeria earned N3.72 trillion from royalties and petroleum profit tax, PPT, in the oil and gas sector in 2018, according to data obtained from the Central Bank of Nigeria, CBN. The CBN, in its Economic Report for the Fourth Quarter of 2018, stated that the amount the country earned from royalties and PPT in 2018
Nigeria earns N3.72trn from royalties, petroleum tax in one year. Read More »
The Association of Licensed Telecommunications Operators of Nigeria has lamented the huge tax burden telecoms operators bear as a result of statutory and non-statutory taxes and levies from government agencies. The Secretary, ALTON, Mr Gbolahan Awonuga, said in a statement that the cost of doing business in the country was enormous despite the Ease of
Multiple taxes makes business difficult — Telcos Read More »
Financial experts have urged the Federal Inland Revenue Service (FIRS) to evolve effective communication and engagement mechanism with taxpayers to sustain economic growth. Speaking in Lagos recently, director-general of the Lagos Chamber of Commerce and Industry (LCCI), Mr Muda Yusuf said that imposing a tax lien should be a last resort of FIRS to force
Experts Task FIRS On Robust Communication With Taxpayers Read More »
The President and Chairman of Council, Chartered Institute of Taxation of Nigeria, Chief Cyril Ede, has said that part of the functions of the institute is to educate people on taxation. Ede said this during a tax forum for corporate and professional women with the theme, ‘Building a new Nigerian tax culture through women’ organised
The Court of Appeal (CoA), in December 2018, upheld the ruling of Federal High Court (FHC) on the liability of educational institutions to pay companies income tax (CIT). The judgement arose from an appeal by Best Children International Schools Limited (BCIS/the Appellant) against Federal Inland Revenue Service (FIRS) in respect of the FHC decision that
Court of Appeal Affirms Educational Institutions’ Companies Income Tax Obligation Read More »
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