If you approach the presence of the boss of the Federal Inland Revenue Service, Babatunde Fowler, be prepared to be bathed in a rain of glee. Joy unrestrained oozes from the former Lagos tax don like an opened dam, watering the surrounding, drought-weary land. These days, the stars have aligned for Fowler as everything he […]
Fulfillment of A Tax Man…. Tunde Fowler in Good Mood Read More »
The owner of Italian fashion giant Gucci is set to pay a record fine of nearly 1.5 billion euros ($1.7 billion) in a tax evasion case, according to media reports Friday. “Lawyers are still negotiating with the tax authorities over a few hundred million euros, but the fine that the (French luxury) Kering group is
Chairman, Heirs Holdings and Founder, Tony Elumelu Foundation, Tony O. Elumelu has called for far reaching Tax reforms and for the National Assembly to urgently pass the Executive Tax bill into law. Elumelu made this statement as he delivered the keynote address at the 21st Annual Tax Conference of the Chartered Institute of Taxation of
Nigerian Business Owners Groan Under Poor Infrastructure; Ask For Tax Breaks Read More »
President Muhammadu Buhari on Wednesday said the Federal Government would deploy dynamic initiatives towards boosting the country’s revenue from taxation. He said this in Abuja at the opening session of the 21st annual tax conference of the Chartered Institute of Taxation of Nigeria. The conference, which is the single largest gathering of tax practitioners in
FG to boost non-oil revenue via aggressive tax collections Read More »
The Rivers State Internal Revenue Service has sealed off the corporate headquarters of the Niger Delta Development Commission in Port Harcourt over unpaid withholding tax allegedly running into N50bn. This is as the NDDC insisted that its records had indicated that they were not indebted to the state government to the tune of N50bn in
Rivers revenue agency seals NDDC office over alleged N50bn tax Read More »
Zenith Bank, United Bank for Africa and 9 other deposit money banks in the country paid more to the government in taxes in 2018 compared to what they paid in 2017 as their profits soared at the end of the last financial year. The 2018 financial results of the banks showed that they had paid
Zenith Bank, UBA, 9 Others Paid More Taxes In 2018 Read More »
Mr. Kola Babarinde is a consummate tax practitioner who has passed through the rigours of learning and career development to attain the Fellowship of the Chartered Institute of Taxation of Nigeria (CITN). He is the Chairman of the 21st Yearly Tax Conference of CITN, which kicked off today, in Abuja. In this interview with Assistant
A member of the OPS has warned that more manufacturers might be in the process of shutting down, if government fails to address the problem of multiple taxation, poor infrastructure and the proposed increase in value added tax (VAT). Managing director of NISPO Porcelain Company Limited, Mr. Afam Ukatu, stated this in his goodwill message
Multiple taxation, poor infrastructure forcing manufacturers out of business Read More »
The controversies dogging the nation’s tax reforms, now with Value Added Tax (VAT) regime, may not achieve anything positive unless a holistic approach is taken and urgently, tax professionals have said. The top tax administrators, at the sensitization seminar on proposed VAT increase and the non-assented housing fund bill, organized by the Chartered Institute of
Professionals call for due process, fault ‘piecemeal’ tax reforms Read More »
Ex-Super Eagles’ captain, Austin Jay Jay Okocha has resolved his tax evasion case with the Lagos State Internal Revenue Board with indications rife that the suit may be struck out today when it comes up for hearing. Reports have it that the former footballer has reached an amicable settlement of the case with the authorities
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