The Federal Inland Revenue Service (FIRS) says it will begin to impose Value Added Tax (VAT) on online transactions, both domestic and international, from January 2020. The chairman of FIRS, Tunde Fowler, disclosed this at the African Tax Administration Forum (ATAF) Technical Workshop on VAT on Monday in Abuja. Mr Fowler said many countries had […]
FIRS sets date for start of online transaction VAT Read More »
The people of Jericho held Zacchaeus, the corrupt chief tax collector, in low esteem. The biblical story had it that when Jesus was passing through Jericho, the very short Zacchaeus had to climb a tree to catch a glimpse of him. People grumbled and looked at him with scorn. If they had their way, they
Multiple tax collectors, defaulters and auditors Read More »
With the resumption of Value Added Tax (VAT) collection from stock market transactions, investors will return at least N60.11 billion into government coffers in one year. The move, however, has drawn criticism from some stakeholders who said it would amount to double taxation. The Federal Government had in 2014 granted a tax holiday on all
Outrage as government makes N60b from new equity tax regime Read More »
The Corporate Affairs Commission apologizes to its esteemed customers and the general public for the current disruption of its online services, the disruption was due to infrastructure upgrade which was designed at enhancing service efficiency and customer experience. The Commission had on Monday 19th August, 2019 deployed additional online services for the processing of post
CAC Apologises For The Current Disruption Of Its Online Services Read More »
The Federal Inland Revenue Service (FIRS) has said that it would start charging Value Added Tax on online transactions, both domestic and international, with effective from January 2020. The Executive Chairman of FIRS, Mr Tunde Fowler, disclosed this at the African Tax Administration Forum Technical Workshop on VAT on Monday in Abuja. Fowler said that
FIRS charges VAT on online transactions January 2020 —Fowler Read More »
Once you have submitted your income tax return to SARS, you will be issued with an ITA34 – your notice of assessment – for the relevant year of assessment. At the top of your assessment you will be given two important dates, that are often overlooked, although these dates are of vital importance to you
Understand your income tax assessments and your tax debt Read More »
Experts List Ways To Rev Up National Revenue Aside observed economic challenges, the failing strategies deployed by the Federal Inland Revenue Service (FIRS) in the collection of tax revenue is leaving billions of naira out of government coffers, thereby shorting the country’s revenue budgets. Furthermore, other revenue generating agencies like ministries of Finance; Industry, Trade
Global tax risk and controversy are on the rise globally, especially for multinational enterprises (MNEs), and this is driven by a number of factors. The first part of this article is devoted to examining the general trends in the global tax landscape within which the MNEs operate in order to set the background. Later in
The dynamics of managing tax risk and controversy Read More »
Tunisian police arrested presidential candidate Nabil Karoui on Friday on what local media said were charges of financial crimes, but his party said it was a politically motivated attempt to exclude him from the election race. Karoui’s own Nessma TV channel reported he had been arrested as he traveled to Tunis and broadcast a video
Police arrest Tunisia presidential candidate Karoui for tax crime Read More »
Upon its inception, Bitcoin was envisioned as a borderless currency that could be used by its owners without being affected by the regulatory impositions of any centralized agency or government body. And while this idea in itself is quite grand, the fact of the matter is that today’s crypto owners (across the globe) are subject
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