The Federal Government is planning to introduce more taxes and expand the incumbent tax base. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, disclosed this while speaking at the International Monetary Fund (IMF) and World Bank’s annual meetings in Washington DC, United States of America (USA). According to Ahmed, this was the […]
FG To Introduce More Taxes, Expand Present Tax Base Read More »
Following the plans by the Federal Government to impose Value Added Tax (VAT) on carbonated drinks, soft drinks and other important products, Financial experts have warned that it will not only have an effect on the company but will lead to loss of jobs in the country. Recall that the Minister of Finance, Budget and
Soft-Drink Tax: Experts Predict Hyperinflation, Job Loss Read More »
The mathematical theory of transitivity states that, if A is equal to B and B equal to C, then A is equal to C. Given the latest cuts in corporate taxes, one would hope that this theory was as simply applicable to India’s languishing capital expenditure cycle: that, by reducing corporate taxes, demand increases, capacity
Corporate tax cuts won’t spur capex cycle immediately Read More »
Benue Internal Revenue Service (BIRS), in collaboration with the operatives of the Operation Whirlstroke operating in SANKERA axis of Benue State have cleared all routes in the federal constituency of illegal check points. The operation which also had the leadership of the amalgamated traders union as part of the team, saw to the sanitation of
Nigerian Army, BIRS Remove Illegal Tax Points In SANKERA Read More »
The Academic Staff Union of Universities (ASUU) has rejected the decision of the management of Ekiti State University (EKSU) Ado-Ekiti to introduce a new tax regime to be paid by staff. Addressing newsmen on Friday in Ado-Ekiti, the ASUU-EKSU chairman, Dr Kayode Arogundade said members of the union had been subjected to poor treatment with
ASUU rejects introduction of new tax regime in Ekiti varsity Read More »
The big pot of water half buried at the middle of Malam Bizi’s expansive compound has served the family and guests for about two decades, providing cool water for drink especially during the dry season in northeast Maiduguri, known for its hotness in dry season. But something unusual is happening to the mud pot. It
The Federal Government recently announced plans to increase Value Added Tax from five per cent to 7.5 per cent. Do you feel this is appropriate? It is appropriate. There is no right time for it. The problem in this country is that we fail to face reality. The VAT Act was promulgated in 1993 and
Companies with less than N10m turnover should be exempted from VAT — CITN president Read More »
The Association of National Accountants of Nigeria says it has in the last four decades invested in capacity building to advance the accounting profession in the country. The First Vice President of the association, Prof Benjamim Osisioma, stated this while delivering an anniversary lecture titled, “ANAN at 40: Advancing the Science of Accountancy in Nigeria,’’
ANAN recounts achievements at 40, inducts 526 fellows Read More »
The electricity Distribution Companies (DisCos) have dismissed the claim by an official of PriceWaterhouse Coopers (PwC) that they don’t pay taxes because they record losses. A statement by the Executive Director, Research and Advocacy at the Association of Nigerian Electricity Distributors (ANED), Barr. Sunday Oduntan, on Thursday said the DisCos were reacting to the comment
The Association of Certified Fraud Examiners (ACFE), Lagos State chapter, has urged federal government to be strategic about imposing new and increasing existing tax rates. The association bared its mind on the tax environment during a training session it organised for ACFE members and non members in Lagos recently. Speaking during the training, President of
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