Nigerian Association of Small and Medium Enterprises (NASME) has partnered with Oxfam International to bring about 180 Micro, Small and Medium Enterprises (MSMEs) in the tax net, in order to aid the redistribution of wealth in the country. According to the president and Chairman of Council, NASME, Segun Agboade, the move was to also help […]
NASME, Oxfam partner to regularise MSMEs into tax net Read More »
The French government is to impose a tax of up to 18 euros ($20) on plane tickets for all flights from airports in France to fund less-polluting transportation projects, a minister said Tuesday. The move, which will take effect from 2020, will see a tax of 1.5 euros imposed on economy-class tickets on internal flights
France to impose tax of up to €18 on plane tickets Read More »
Summary On 18 June 2019, the Tax Appeal Tribunal (TAT or Tribunal) held that the Lagos State Internal Revenue Service (LIRS) could not hold employers accountable for taxes arising from withdrawals of Voluntary Pension Contribution (VPC) of their employees. This decision was reached in the case between Nexen Petroleum Nigeria Limited (Nexen or the Company)
Tax Appeal Tribunal Rules That Employers Cannot Be Held Liable For Tax. Read More »
More than one year after the pronouncement for Value Added Tax to be removed from air transport, the Federal Government has failed to implement the order. Findings by our correspondent showed that domestic airlines still pay VAT, charged as five per cent on every flight ticket sold and remitted to the Federal Government. The Media
Polish lawmakers have approved a measure that would exonerate most workers under the age of 26 from income taxes as the country seeks to stem the flow of its young people to other EU nations in search of better paying jobs. The lower house of parliament approved the measure introduced by the ruling conservatives in
The Confederation of British Industry (CBI) has called on chancellor Philip Hammond to drop the idea of a digital services tax because it could end up stifling the digitalisation of UK businesses beyond those that it is intended to target Commenting on the introduction of the tax in April 2020, chief economist Rain Newton-Smith said
The Lagos State Internal Revenue Service (LIRS), on Wednesday, shut down the premises of Debonairs Pizza and thirteen other companies (including several hospitality firms), over alleged failure to fulfill tax obligations. According to the Director of Legal Services for the Lagos State tax agency, Mr Seyi Alade, the exercise was initially suspended, but will now
LIRS shuts Debonairs Pizza, 13 other companies over unpaid taxes Read More »
The Federal Government says, it has paid N135 billion of all outstanding PAYE tax liabilities owed by Federal Ministries, Departments and Agencies (MDAs) for 14 years to various states government. The Chairman of Joint Tax Board, Mr Tunde Fowler, said this at a programme tagged; “Go-Live’’ for the New National Tax Identification Number (TIN) Registration
Federal Government pays outstanding tax liabilities owed by MDAs Read More »
The Lagos Internal Revenue Service (LIRS) following a tax audit for 2013 and 2014 years of assessment issued a Notice of Refusal to Amend (NORA) to Nexen Petroleum Nigeria Limited (“the company”). The LIRS assessed the company to additional liabilities on the grounds that the company had under remitted Pay As You Earn (PAYE) tax
Tax Appeal Tribunal rules that withdrawal of voluntary pension may be taxable Read More »
The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has projected that in the next three years, Nigeria’s non-oil revenue will be at about 75 per cent. He also anticipated that within same period, the number of tax payers in the country would have risen to over 60 million. Fowler, said this during
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