The founder of Perez Chapel International, Bishop Charles Agyinasare, has blamed the collapse of Ghanaian businesses on the immediate tax imposed on them by the government. Preaching at a Sunday service on 2 June 2019 at the Perez Chapel International at the Perez Dome in Accra, Bishop Agyinasare wondered why foreign-owned businesses are given tax […]
Taxes Killing Ghanaian Companies As Foreign Businesses Thrive Read More »
Some workers of the Federal Inland Revenue Service (FIRS), have called on President Muhammadu Buhari not to reappoint the Executive Chairman of the service, Mr Babatinde Fowler, for another term of office. The workers, under the aegis of Concerned Staff of FIRS, made this known in a letter to the President, a copy of which
Don’t Reappoint Fowler As FIRS Chairman, Staff Tell Buhari Read More »
The Tax Club, University of Lagos clinched the first (1st) prize at the 2019 National Tax Quiz Competition held at the recently concluded Annual Tax Conference organized by the Chartered Institute of Taxation of Nigeria in Kado, Abuja. The Competition was an integral part of the Conference which was held between April 23 and 26,
Tax Club UNILAG Wins National Tax Quiz Competition Read More »
Top G20 finance officials agreed Saturday there was an urgent need to find a global system to tax internet giants such as Google, Facebook, Amazon and Apple, but clashed on the best way to do it. The G20 has tasked the Organisation for Economic Cooperation and Development to fix an international tax system that has
G20 working on digital tax for Amazon, Google, Facebook, Apple Read More »
Recently the executive chairman Benue State Internal Revenue Services (BIRS),Terzungwe Atser fingered some politicians, traditional rulers, local government officials as well as highly placed persons in the society to be involved in illegal collection of taxes across the state. Shortly on assumption of office, Atser raised an alarm on the issue of multiple taxation, that
How Illegal Taxes, Road Blocks Stifle Benue Economy Read More »
The ecommerce sector will experience a minor slowdown as government begins implementing automatic and direct collection of VAT on online transactions in Nigeria. See it this way: if a physical open market sells electric iron for N8, 000 and Jumia sells the same for N8,000, because Jumia’s customer will be required to pay VAT (5%
Nigeria’s Ecommerce 5% Challenge As FIRS Introduces VAT on Online Transactions Read More »
Gov. Samuel Ortom of Benue has called on Benue residents to support his administration by always paying their taxes as and at when due. Ortom made the call on Wednesday in Makurdi during his second term inauguration. He said that funds generated from the payment of taxes would be channeled to the development of the
Pay your tax regularly, Ortom urges Benue residents Read More »
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
As the world business organization, the International Chamber of Commerce (ICC) promotes international trade, responsible business conduct, and a global approach to regulation. In today’s interconnected global economy, value added tax (VAT) has become an increasingly important source of revenue for countries worldwide. With more and more countries implementing or reforming existing VAT regimes, ICC
ICC issues guidance on VAT implementation to ensure efficiency for business and tax … Read More »
A former Deputy Governor of the Central Bank of Nigeria, Obadiah Mailafia, has said that the Lagos State Government is using corrupt consultants to collect tax from the people. Mailafia, who described the act as daylight robbery, called on the people of Lagos to rise against such extortion and corruption. The former CBN deputy governor
Lagos using corrupt firms to collect tax- Ex-CBN dep. Gov Read More »
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