The belief in some quarters that the increase in Value Added Tax (VAT) is the only elixir the country needs to cure its ailments has been punctured by Taiwo Oyedele, a  tax expert with PricewaterhouseCoopers (PwC).According to him, the receipts from  this kind of tax would not the country anywhere. “It is a drop in the […]

Fidelity Bank Plc reported a tax expense of N1.54bn made up of N1.31bn current tax and a technology levy of N230m. The bank also paid N2m to the Police Trust Fund in the period under review. First City Monument Bank Plc posted a tax of N1.31bn for the nine-month period. It said the amount was

President Muhammadu Buhari on Monday signed the Finance Bill 2019 into law after assenting to the document, which was created to help the country increase its revenue. In a message via his verified Twitter page this afternoon, President Buhari said he said the bill into law in the morning, thanking members of the National Assembly

Topics : Income Tax The government is seeking more disclosures in citizen’s personal and professional filing instruments like income tax and GST returns and capital gains statements among a host of others. A recent move seeking the provision of passport details in ITR-1 forms while filing tax returns has attracted dissent on citizen’s right to

Employing an ends-justify-the-means mentality, officials jettison transparency for political expediency Local school officials asking for voters’ permission to issue bonds just can’t bring themselves to utter the T-word. T as in tax. In seven East Bay districts, superintendents and elected board members have placed bond measures on the March 3 ballot to fund school construction.

Friday, January 10, 2020 /3:25 PM / by Nnoli Lawrence & Associates / Header Image Credit: @GetItDonNG Lawrence C. Nnoli Versus Lagos State Government and 3 others (SUIT NO: ID/3819GCM/17) JudgmentA certified true copy of the judgment of the high court obtained today and signed by the judge showed that judgment was given in the above

The office of the attorney general of the federation has withdrawn from the tax dispute case against MTN Nigeria, TheCable can report. In a letter seen by TheCable, MTN said it would withdraw its legal action against the AGF. “MTN Nigeria is pleased to report that its legal counsel has received a letter dated January

Then, I got a letter from the IRS saying that I owed money because of an error on my return. It was exactly what I had been afraid of. I corrected the mistake, and set up a payment plan for the $1,200 in additional tax that I owed. Since then, I’ve been much more relaxed

A Nigerian man, Babatunde Olusegun Taiwo, has been sentenced to four years in prison for stealing the identities of US citizens to file fraudulent tax return claims, made possible through data leaked in security incidents. The US Department of Justice (DoJ) in a statement said Taiwo, alongside co-conspirators including Kevin Williams, used the personal identifying