The Senate on Wednesday urged revenue collecting agencies to ensure timely transfer of funds collected into the Federation Account. President of the Senate, Dr Ahmad Lawan, made the call in Abuja at a meeting with some of the revenue collecting agencies. Lawan also called for timely disbursement of funds to federal, states and local government […]

Often described as Britain’s “most hated tax”, inheritance tax seems uniquely able to enrage all sorts of people. Theoretically charged at 40 per cent on the value of an individual’s estate above £325,000, it is perceived as unfair for many different reasons. “Inheritance tax is a wholly voluntary tax,” reads the most recommended comment underneath

The French government is to impose a tax of up to 18 euros ($20) on plane tickets for all flights from airports in France to fund less-polluting transportation projects, a minister said Tuesday. The move, which will take effect from 2020, will see a tax of 1.5 euros imposed on economy-class tickets on internal flights

Summary On 18 June 2019, the Tax Appeal Tribunal (TAT or Tribunal) held that the Lagos State Internal Revenue Service (LIRS) could not hold employers accountable for taxes arising from withdrawals of Voluntary Pension Contribution (VPC) of their employees. This decision was reached in the case between Nexen Petroleum Nigeria Limited (Nexen or the Company)

More than one year after the pronouncement for Value Added Tax to be removed from air transport, the Federal Government has failed to implement the order. Findings by our correspondent showed that domestic airlines still pay VAT, charged as five per cent on every flight ticket sold and remitted to the Federal Government. The Media

The Confederation of British Industry (CBI) has called on chancellor Philip Hammond to drop the idea of a digital services tax because it could end up stifling the digitalisation of UK businesses beyond those that it is intended to target Commenting on the introduction of the tax in April 2020, chief economist Rain Newton-Smith said

The Lagos Internal Revenue Service (LIRS) following a tax audit for 2013 and 2014 years of assessment issued a Notice of Refusal to Amend (NORA) to Nexen Petroleum Nigeria Limited (“the company”). The LIRS assessed the company to additional liabilities on the grounds that the company had under remitted Pay As You Earn (PAYE) tax

The Rivers State Board of Internal Revenue has urged the Rivers State High Court sitting in Omoku to jail the acting Managing Director of the Niger Delta Development Commission, Prof. Nelson Brambaifa, and three other officials of the commission for alleged disobedience to a court order. The RSBIR accused Brambaifa and the other alleged contemnors

The Lagos State Internal Revenue Service has resumed the sealing of companies and hospitality firms over unpaid consumption taxes. LIRS sealed 14 firms during its tax law enforcement exercise on Wednesday. The LIRS Director of Legal Services, Mr Seyi Alade, said that two enforcement teams had been mobilised by the service for the state-wide exercise.