Experts have called on the federal government to restructure the finances of the country such that the share of the nation’s revenue that it earns from taxation is judiciously utilised calling for more transparency. The federal government last week proposed an increase in Value Added Tax (VAT) by 44 per cent to 7.2 per cent […]
The Tax Appeal Tribunal, TAT, has warned petitioners that it was not susceptible to inducements and would only continue to treat appeals before it on their merits. Work on VAT implementation, not increase,Ex-ANAN president urges FG The Tribunal also said that it does not use technicalities to adjudicate matters before it, but dispense them meritoriously;
You can’t bribe us – Tax Tribunal warns appellants Read More »
Chairman, Tax Appeal Tribunal for the South East zone, Chukwuemeka Eze, has asked people and businesses with issues against tax authorities to approach the tribunal with their cases, assuring they would be adjudicated dispassionately. Eze said the tribunal was established by the Federal Ministry of Finance to deal on matters arising from taxation, and was
The Federal Inland Revenue Service (FIRS) has reiterated its confidence in taxation, stating that it remains Nigeria’s major lifeline for economic development. This was made known by the Chairman of the agency, Dr Babatunde Fowler, at the investiture of Hajia Kudirat Abdul-Hamid as the 3rd National Chairperson of Society of Women in Taxation in the
The Tax Appeal Tribunal, North West Zone, said it has resolved nine out of 13 cases worth over N10 billion in the past nine months. Chairman of the tribunal, Umar Adamu, disclosed this at a stakeholders forum in Kano State. While admitting that most of the cases were adjudged in favour of tax payers, he
It was in the news last week, that the Federal Government of Nigeria is planning to increase the Value Added Tax rate (VAT) from 5% to 7.5% – a proposed fifty percent increase. Some have harangued that the increase is justified because the rates applicable in other jurisdictions is as high as 20% in the
The leader of Sufficient Grace and Truth Ministry, Okinni, Osun State, Bishop Seun Adeoye, has alleged that the state government is planning to tax religion houses in the state. Addressing a press conference in Osogbo, Adeoye, who is spokesman for the African World Bishops Council, said on Wednesday that the state Internal Revenue Service had
Dr Babatunde Fowler, Chairman Federal Inland Revenue Service, says taxation remains the country’s lifeline for economic development. Fowler made this known on Tuesday night in Abuja, at the investiture of Hajia Kudirat Abdul-Hamid, as the 3rd National Chairperson of Society of Women in Taxation. Fowler was represented by an FIRS official, Mr Abiodun Aina. He
Taxation remains the country’s lifeline for development Read More »
Bill Gates said Nigeria has one of the lowest tax-to-GDP ratio in the world. The co-founder of the Bill and Melinda Gates foundation said the government has to win the confidence of the people. Gates said this will allow the people pay more tax knowing it is for development The co-chair of the Bill and
How Nigerian govt can make citizens pay more tax – Bill Gates Read More »
Kano State Governor Dr. Abdullahi Umar Ganduje said his administration would explore avenue provided by the Tax Appeal Tribunal to ensure quick resolution of tax matters in the State. He stated this on Monday while declaring open a one-day Stakeholders’ Forum organized by the Tax Appeal Tribunal Northwest Zone, held at Tahir Guest Palace. Ganduje
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