Some traders at the popular Oshodi Market on Thursday identified multiple taxations, the absence of parking space and threats by touts as some of the pressing challenges facing traders in the market. Traders in interviews with the News Agency of Nigeria at Oshodi said that these challenges were affecting their profit margin. Alhaji Tajudeen Lateef, […]
Oshodi traders lament parking space, multiple taxations Read More »
Lady Azuka Azinge, acting Registrar-General, Corporate Affairs Commission (CAC), said on Wednesday in Abuja, that the upgrade of the Company Registration Portal (CRP) is to enhance the incorporation process. Azinge, who spoke at a news conference, dismissed the allegation that the CRP upgrade was aimed at siphoning money. She described the allegation as false and
Upgrade of CAC’s portal not to siphon money: Registrar-General Read More »
The Corporate Affairs Commission on Wednesday said it has paid the over N1bn salary increment arrears which was approved in 2013 by the Federal Government. The Acting Registrar-General, CAC, Azuka Azinge said this during a chat with journalists in Abuja. The nine per cent salary increment arrears had been a source of industrial disputes over
Former Super Eagles’ playmaker, Augustine Jay Jay Okocha, accused by Lagos State Government of income tax evasion has finally settled with the Lagos taxman. A Lagos State Prosecutor, Mrs Y. A. Pitan, told an Igbosere High Court on Wednesday in Lagos that the Lagos Internal Revenue Service informed it that Okocha visited its office and
Jay Jay Okocha settles tax problems with Lagos IRS Read More »
The chairman, Kaduna State Internal Revenue Services, Zaid Abubakar, has said more than 30,000 companies in the state do not pay their taxes. He said this on Tuesday in Kaduna when a civil society organisation, Tax Justice and Governance Platform, paid him a courtesy visit. He noted that only a few paid their taxes, adding
The senator representing Abia-South Senatorial District of Abia State in the Senate, Enyinnaya Abaribe, has described the 2020 budget as “nothing but a budget of taxation.” The senator added that the budget is not “sustainable.” President Muhammadu Buhari presented the 2020 Appropriation Bill to the joint sitting of the National Assembly on Tuesday. He had
This is nothing but a budget of taxation —Abaribe Read More »
The Minister of Works, Babatunde Fashola, announced plans for a return to toll plazas across the country last week, and the ministry has hurriedly tabled a proposal for its inclusion into the 2020 Appropriation Bill being considered for approval at the National Assembly this same week. Fashola had earlier made clear to the media, “There
If ever he was in doubt, it should be clear to Tunde Fowler by now that extraordinary courage is needed to push through new ideas where vested interests are deeply entrenched. As the architect of the reforms that grew the IGR (internally generated revenue) of Lagos from an average of N600 million in 1999 to
Justice Rilwanu Aikawa of the Federal High Court in Lagos has barred the Federal Inland Revenue Services (FIRS), from enforcing VAT provisions on goods and services consumed in hotels, restaurants and event centres in Lagos State. Justice Aikawa gave the order while delivering judgment in the suit seeking to restrain the Attorney General (AG) of
Court bars FIRS from enforcing VAT on goods consume in hotels Read More »
Financial analysts have described the proposed Communication Service Tax Bill as a misadventure and would only serve to overburden consumers who already bear 5.0% Value Added Tax (VAT) on telecommunications services. The 2016 version which failed, was meant to help boost government revenues from non-oil taxes in the wake of the collapse in oil prices
Communication Tax could overburden consumers – Experts Read More »
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