Nigerian government officials, politicians, and bureaucrats like to pretend that they are a part of this world. In truth they are not. On the matter of taxation, they like to sing a swan song once the slogan was established that the country’s tax-to-GDP ratio is one of the lowest in the world. You would think […]
MINISTER of Finance, Mrs Kemi Adeosun, has solicited for the designation of tax malpractices by multinational corporations in Nigeria and other developing countries as ‘foreign corrupt practices’. She made the call at the Platform for Collaboration on Tax (PCT) Conference in New York, which rounded up during the weekend. The PCT is an initiative of
Declare tax evasion, multinationals’ malpractices, foreign corrupt practices ―Adeosun Read More »
Having posted an unprecedented performance in 2017, the Federal Inland Revenue Service (FIRS) will have its target jacked up from N4 trillion to 6.7 trillion in 2018. The Chairman of FIRS, Babatunde Fowler, yesterday, made the disclosure while delivering a keynote address to directors at the Institute of Directors (IOD) in Ikoyi, Lagos State. Fowler
Chairman of the Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler, has urged members of the Institute of Directors (IoD) to take advantage of the Voluntary Assets and Income Declaration Scheme (VAIDS). Fowler gave the advice in Lagos on Tuesday evening while making a presentation on the tax amnesty scheme to IoD members. In the
Tax Evaders’ll Be Exposed, Fowler Tells Company Directors Read More »
Chairman of the Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler, has urged members of the Institue of Directors (IoD) to take advantage of the Voluntary Assets and Income Declaration Scheme (VAIDS). Fowler gave the advice in Lagos on Tuesday evening while making a presentation on the tax amnesty scheme to IoD members. In the
The Minister of Industry, Trade and Investment, Dr Okechukwu Enelamah, said a robust tax system was the foundation of sustainable economic growth. Enelamah spoke at the launching of Andersen Tax in Nigeria on Saturday in Lagos. The minister said that there appeared to be an association between the level of tax revenues generated and
Okechukwu Enelamah: Robust tax system, foundation of sustainable economic growth Read More »
The Minister of Finance, Mrs. Kemi Adeosun, will on March 1, lead a high-powered Federal Government’s delegation to the Voluntary Assets and Income Declaration Scheme (VAIDS) stakeholders’ symposium in Kaduna State. The VAIDS stakeholders’ symposium is being hosted by the Kaduna State Government, and will be attended by the state’s Governor, Mallam Nasir el-Rufai; Executive Chairman of
Before we delve deep into the matter it is very important to define the term income tax so that it becomes easy for the readers to understand the topic. Income tax is a kind of levy that is imposed by the government on all the financial income that is generated by different entities within its
A good company providing taxes services in Nigeria is not less than a boon due to the fact that these services are always required by the organizations. Making good taxes Services Company a partner in process will also make sure that the best outcome is got in this regard. Taxes services should be embedded with
Tax services are one of the most important aspects of any business which makes sure that the business is run on lines defined by the government. Making it one of the top priorities of the business also makes sure that the financial management becomes easy and achievable. There are several organizations in Nigeria which are
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