Certain moves might subject your tax return to further scrutiny. Here are some critical mistakes to avoid. As if filing taxes weren’t stressful enough, if there’s one aspect of the process that really shakes workers to their core, it’s the prospect of getting audited. Now before we go on, let’s get the following out of the way: […]
Corporations and businesses may see their taxes increase by 0.5 percent if assent is given to the Competition and Consumer Protection Bill submitted by the National Assembly to the presidency. business a.m gathered from the Nigeria Employers Consultative Association (NECA) that there is an inclusion of a tax provision of 0.5 percent on companies to
Corporate taxes to increase by 0.5% as competition bill goes for assent Read More »
Nigeria’s tax to GDP ratio at six percent is definitely very low when compared to its peers. According to available statistics, Ghana, the nation’s West African neighbour’s ratio at 15 percent cast a pall on Nigeria as the dominant economy in the sub-region. Again, South Africa’s at 24 percent also puts doubts on Nigeria being
Nigeria’s tax drive and burden of responsibility and accountability Read More »
Nigerian government officials, politicians, and bureaucrats like to pretend that they are a part of this world. In truth they are not. On the matter of taxation, they like to sing a swan song once the slogan was established that the country’s tax-to-GDP ratio is one of the lowest in the world. You would think
MINISTER of Finance, Mrs Kemi Adeosun, has solicited for the designation of tax malpractices by multinational corporations in Nigeria and other developing countries as ‘foreign corrupt practices’. She made the call at the Platform for Collaboration on Tax (PCT) Conference in New York, which rounded up during the weekend. The PCT is an initiative of
Declare tax evasion, multinationals’ malpractices, foreign corrupt practices ―Adeosun Read More »
Having posted an unprecedented performance in 2017, the Federal Inland Revenue Service (FIRS) will have its target jacked up from N4 trillion to 6.7 trillion in 2018. The Chairman of FIRS, Babatunde Fowler, yesterday, made the disclosure while delivering a keynote address to directors at the Institute of Directors (IOD) in Ikoyi, Lagos State. Fowler
Chairman of the Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler, has urged members of the Institute of Directors (IoD) to take advantage of the Voluntary Assets and Income Declaration Scheme (VAIDS). Fowler gave the advice in Lagos on Tuesday evening while making a presentation on the tax amnesty scheme to IoD members. In the
Tax Evaders’ll Be Exposed, Fowler Tells Company Directors Read More »
Chairman of the Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler, has urged members of the Institue of Directors (IoD) to take advantage of the Voluntary Assets and Income Declaration Scheme (VAIDS). Fowler gave the advice in Lagos on Tuesday evening while making a presentation on the tax amnesty scheme to IoD members. In the
ABUJA- House of Representatives on Thursday mandated its Committees on Aviation and Commerce to investigate as well as carry out critical audit of all registered aircrafts flying the Nigerian airspace. The Committee would also evaluate the operational environment of the aviation sub-sector with a view to enhancing improved operational standards and convenience of users. The
Crashes: Reps to audit air-worthiness of all registered commercial planes/private jets Read More »
In its effort to leverage on e-payment and multi-modal payment portals, the Lagos State Internal Revenue Service (LIRS) has unveiled an automated invoicing system and technology device, Electronic Revenue Assurance (ERA) system at a stakeholders’ meeting held with hotel and business owners in the hospitality and tourism sector of Lagos State at the Banquet Hall,
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