The Federal Inland Revenue Service (FIRS) has said technology integration is aiding revenue collection across the country. Mr Babatunde Fowler, the Chairman, FIRS, disclosed this during the inaugural edition of the Nigeria e-Government Conference in Lagos. The chairman said technology adoption made payment process more convenient and improved communication between taxpayers and the service in […]
Telecommunications operators have condemned the proposed nine per cent communications service tax the 9th National Assembly plans to re-introduce. The operators under the aegis of the Association of Telecommunications Companies of Nigeria said the 8th National Assembly which earlier considered introducing the tax in 2016 had shelved the idea after the intervention of the association.
Telecom operators condemn proposed communications service tax Read More »
Special Adviser to the President on the Ease of Doing Business, Dr. Jumoke Oduwole, has given reasons for the delay in the signing of the much-awaited National Automotive Industry Development Plan bill. Oduwole, who also doubles as the Secretary, Presidential Enabling Business Environment Council, in an interview with News Agency of Nigeria on Thursday in
Why Buhari didn’t sign bill granting 10-year tax incentive to auto industry —Aide Read More »
The Lagos State Government has urged all hotels, restaurants, and events centres operators in the state to respect the decision of the court on the Lagos State Hotel Occupancy and Restaurant (Fiscalisation) Regulations 2017. The state said this in a statement on Friday that a suit challenging the consumption tax law was dismissed by the
Consumption tax: Respect court judgment, Lagos tells hotels, restaurants Read More »
The Zona Chairman, Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) MACBAN, Alhaji Giddado Sadiq, has explained that the group had no issue with farmers in the country especially South-east geopolitocal zone. Sadiq, who was reacting to federal government plans to increase Value Added Tax from 5 to 7.5% and CBN tax on Savings and
Tax increment could breed crisis – Miyatti Allah Read More »
Vice President Yemi Osinbajo is currently meeting behind closed doors with the former Senate Leader, Senator Ali Ndume. The meeting started a few minutes past 1 pm at the vice president’s office. The meeting may not be unconnected with the Senate’s decision to introduce an action to impose tax on communication services in the country.
The Senate, yesterday, introduced an action to impose tax on Communication Services in the country. The planned new tax introduction Daily Sun learnt, is targeted at replacing the proposed 2.2 per cent increase in Value Added Tax (VAT) being mulled by the Executive. The Bill for an Act to establish the Communication Service Tax which
Senate rejects VAT increment, mulls communication service tax Read More »
Federal Inland Revenue Service has said that about 45 million Nigerians will be captured as taxpayers before December 2019. Mr Babatunde Fowler, Chairman, Joint Tax Board said this on Thursday in Ilorin at the inauguration of the new Tax Identification Number registration system and consolidated National Taxpayers’ Database for North Central zone. “Over the last
A bill for an Act to introduce tax on communication and cable television services scaled first reading at the Senate on Wednesday. The introduction of the tax, it was learnt, was to replace the 2.2 per cent increase in the Value Added Tax being planned by the Federal Government. The Bill for an Act to
Senate bill imposes tax on GSM, cable TV subscribers Read More »
The recent action of the Federal Inland Revenue Service whereby corporate organisations and business houses which have refused to pay up their tax liabilities to government are sealed off and prosecuted is most salutary. There is nothing wrong in government’s determination to enforce the payment of taxes in the country. There is an urgent need
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