The Federal Inland Revenue Service on Wednesday said it generated N5.23tn for the Federal Government in four years, aside from the income from crude oil. The Chairman of the FIRS, Mr Babatunde Fowler, stated this during his visit to the Chief of Army Staff, Lt Gen Tukur Buratai. He added that the army’s efforts in […]
The Executive Chairman of the Federal Inland Revenue Service (FIRS) and Chairman of the Joint Tax Board (JTB), Tunde Fowler, has inaugurated a team of tax experts charged with the responsibility for implementation of the National Tax Policy. He also inaugurated a Technical Tax Policy Drafting Committee which began a workshop on National Tax Policy
Fowler inaugurates members of National Tax Policy Read More »
Dr. Cyril Ikemefuna Nwobodo Ede the immediate President of the Chartered Institute of Taxation of Nigeria (CITN) For us to be truly seen as making a determined push to diversify the economy away from taxes, what we require is a sustained effort towards investing in critical infrastructure such as power and transportation which impacts greatly
Diversification’ll enhance tax administration –Ede, ex-CITN president Read More »
The Federal Inland Revenue Service (FIRS) has directed the newly inaugurated Technical Tax Policy Drafting Committee to harmonise the various tax and excise law reforms in the proposed Finance Bill. The FIRS Chairman, Mr Babatunde Fowler, gave the directive at the inaugural meeting of the Reconstituted National Tax Policy Implementation Committee (NTPIC) in Abuja on
FIRS Tasks Technical Committee on Harmonisation of Tax Reforms Read More »
Abia State Deputy Governor, Rt Hon Ude Oko Chukwu, has called on citizens and entrepreneurs to invest in the state and enjoy tax waivers for a minimum of five years. Sir Oko Chukwu who made the call at Afaraukwu Umuahia during the opening of a mini residential estate built by a Lagos based security consultant,
Invest in Abia and enjoy tax waivers – Deputy gov Read More »
The Chairman, Akwa Ibom State Internal Revenue Service, Mr Okon Okon, has said the service will not spare any company, individual or agency found defaulting in payment of tax to the state government. He said anyone found defaulting in payment of tax would be prosecuted according applicable tax laws. Okon, who stated the new position
IGR: Akwa Ibom seeks prosecution of tax defaulters Read More »
Investors and dealers are now required to pay Value-Added Tax (VAT) for transactions carried out on the Nigerian Stock Exchange (NSE), following the expiration of a five-year exemption. The previous order on exemption of the tax was enforced by former Finance Minister, Ngozi Okonjo-Iweala. During her tenure, the minister exempted VAT deductions from commissions earned
The acting Chairman of the Manufacturers Association of Nigeria, Nasarawa State chapter, Mr Alfred Alogana, has expressed the body’s displeasure over the unfavourable tax regime in the state. He made special reference to the Gaseous Emission Tax, which manufacturers and producers of goods are subjected to by various agencies of the state government. Alogana stated
US President Donald Trump on Tuesday sued the Democratic-controlled House Ways and Means Committee, the New York state attorney general and a New York state tax official to block any potential efforts by lawmakers to obtain his state tax returns. Trump filed the lawsuit in federal court in Washington, D.C., alleging that House Ways and
Trump seeks court help block release of tax papers Read More »
Some investors in the Nigerian capital market have called on the federal government to extend the exemption of Value Added Tax (VAT) charges on transactions on the Nigerian Stock Exchange (NSE) so as to attract more patronage to the market. The federal government, had in 2014 exempted brokerage commission and transactionsfees charged by Securities and
Investors Want VAT Exemption in Stock Market Extended Read More »
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