Chairman, Inland Revenue Service (FIRS), Mr Babatunde Fowler, has described the Kwara Internal Revenue Service (KWIRS), as a model revenue agency in the North Central region. Fowler gave this pass mark, yesterday, in Ilorin at the flag-off of the National Taxpayer Identification Number (TIN) and Consolidated National Taxpayers’ Database. He said the choice of Ilorin […]
The Federal Inland Revenue Service (FIRS) has said technology integration is aiding revenue collection across the country. Mr Babatunde Fowler, the Chairman, FIRS, disclosed this during the inaugural edition of the Nigeria e-Government Conference in Lagos. The chairman said technology adoption made payment process more convenient and improved communication between taxpayers and the service in
Telecommunications operators have condemned the proposed nine per cent communications service tax the 9th National Assembly plans to re-introduce. The operators under the aegis of the Association of Telecommunications Companies of Nigeria said the 8th National Assembly which earlier considered introducing the tax in 2016 had shelved the idea after the intervention of the association.
Telecom operators condemn proposed communications service tax Read More »
Special Adviser to the President on the Ease of Doing Business, Dr. Jumoke Oduwole, has given reasons for the delay in the signing of the much-awaited National Automotive Industry Development Plan bill. Oduwole, who also doubles as the Secretary, Presidential Enabling Business Environment Council, in an interview with News Agency of Nigeria on Thursday in
Why Buhari didn’t sign bill granting 10-year tax incentive to auto industry —Aide Read More »
The Zona Chairman, Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) MACBAN, Alhaji Giddado Sadiq, has explained that the group had no issue with farmers in the country especially South-east geopolitocal zone. Sadiq, who was reacting to federal government plans to increase Value Added Tax from 5 to 7.5% and CBN tax on Savings and
Tax increment could breed crisis – Miyatti Allah Read More »
Vice President Yemi Osinbajo is currently meeting behind closed doors with the former Senate Leader, Senator Ali Ndume. The meeting started a few minutes past 1 pm at the vice president’s office. The meeting may not be unconnected with the Senate’s decision to introduce an action to impose tax on communication services in the country.
Federal Inland Revenue Service has said that about 45 million Nigerians will be captured as taxpayers before December 2019. Mr Babatunde Fowler, Chairman, Joint Tax Board said this on Thursday in Ilorin at the inauguration of the new Tax Identification Number registration system and consolidated National Taxpayers’ Database for North Central zone. “Over the last
A bill for an Act to introduce tax on communication and cable television services scaled first reading at the Senate on Wednesday. The introduction of the tax, it was learnt, was to replace the 2.2 per cent increase in the Value Added Tax being planned by the Federal Government. The Bill for an Act to
Senate bill imposes tax on GSM, cable TV subscribers Read More »
The Nigerian Stock Exchange (NSE) is in talks with authorities of the federal government to be considered for a five year extension of value added tax (VAT) over transactions performed on the floor of the Exchange.VAT text on wooden cubes above office calculator suggesting tax time or payment. Oscar Onyema, chief executive of the Exchange,
NSE bargaining with FG for extension of VAT holiday Read More »
The President of Chartered Institute of Taxation of Nigeria (CITN), Olajumoke SImplice, has asked the Federal Government to amend the tax law, especially the new Value Added Tax. The CITN boss explained that the challenge with the increment was that it would affect cost of goods and items as manufacturers would have to pay higher
CITN President asks govt to exempt SMEs, raw materials cost from new VAT Read More »
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