Former Super Eagles’ playmaker, Augustine Jay Jay Okocha, accused by Lagos State Government of income tax evasion has finally settled with the Lagos taxman. A Lagos State Prosecutor, Mrs Y. A. Pitan, told an Igbosere High Court on Wednesday in Lagos that the Lagos Internal Revenue Service informed it that Okocha visited its office and […]
Jay Jay Okocha settles tax problems with Lagos IRS Read More »
The chairman, Kaduna State Internal Revenue Services, Zaid Abubakar, has said more than 30,000 companies in the state do not pay their taxes. He said this on Tuesday in Kaduna when a civil society organisation, Tax Justice and Governance Platform, paid him a courtesy visit. He noted that only a few paid their taxes, adding
The senator representing Abia-South Senatorial District of Abia State in the Senate, Enyinnaya Abaribe, has described the 2020 budget as “nothing but a budget of taxation.” The senator added that the budget is not “sustainable.” President Muhammadu Buhari presented the 2020 Appropriation Bill to the joint sitting of the National Assembly on Tuesday. He had
This is nothing but a budget of taxation —Abaribe Read More »
The Minister of Works, Babatunde Fashola, announced plans for a return to toll plazas across the country last week, and the ministry has hurriedly tabled a proposal for its inclusion into the 2020 Appropriation Bill being considered for approval at the National Assembly this same week. Fashola had earlier made clear to the media, “There
If ever he was in doubt, it should be clear to Tunde Fowler by now that extraordinary courage is needed to push through new ideas where vested interests are deeply entrenched. As the architect of the reforms that grew the IGR (internally generated revenue) of Lagos from an average of N600 million in 1999 to
Financial analysts have described the proposed Communication Service Tax Bill as a misadventure and would only serve to overburden consumers who already bear 5.0% Value Added Tax (VAT) on telecommunications services. The 2016 version which failed, was meant to help boost government revenues from non-oil taxes in the wake of the collapse in oil prices
Communication Tax could overburden consumers – Experts Read More »
The Nigeria Employers’ Consultative Association (NECA) has rejected Federal Government’s proposed imposition of fresh taxes or levies on Nigerians to fund the reconstruction of tollgates on federal highways across the country. It argued that for the tolling policy to see the light of the day, no additional burden, in form of any tax or levy
NECA rejects additional taxes to fund rebuilding of tollgates Read More »
Telecom subscribers in the country are likely to pay an additional N261.18bn on voice calls, short message service and data in one year if the Senate passes the proposed Communications Service Bill into law. The bill, sponsored by Senator Ali Ndume from Borno South, aims to charge nine per cent on communication services and pay-per-view
MTN, Glo, Airtel, 9mobile subscribers, others to pay extra N261bn Read More »
The Anambra State Government has said that not more than 300,000 residents of the state pay taxes out of a population of 4.5 million. Mr Mark Okoye, the State Commissioner for Economic Planning and Budget, made the disclosure at a news conference tagged: “2020 Budget Breakdown” on Thursday in Awka. The News Agency of Nigeria
300,000 people pay taxes in Anambra —Commissioner Read More »
It is common knowledge that Nigeria’s tax to Gross Domestic Product (GDP) ratio is one of the lowest in the world. At under 6%, it is far below the sub-Saharan African average of 20%. Nigeria is reputed to be among the countries in the world with the lowest tax compliance rate as recently corroborated by
Taxation in the Era of Global Information Exchange Read More »
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