Mallam Nasir el-Rufai, Governor of Kaduna State, has continued to make very fundamental statements by words and actions that the most important legacy for any leader is to inspire confidence and trust in his appointees that they have the capacity to deliver services to the people. El -Rufai, is undoubtedly an apostle of C. Everett […]
Nigeria is using a system of tax credits to encourage private companies to share the cost of infrastructure projects as part of a drive to diversify Africa’s biggest economy away from its reliance on oil sales, the country’s tax chief said. Executive Chairman of Nigeria’s Federal Inland Revenue Service (FIRS), Mr Tunde Fowler speaks during
Many fleets, businesses, transit agencies and school districts eagerly await the beginning of the September congressional work period, the next opportunity for Congress to extend the expired Alternative Fuels Tax Credit. Preserving our environment must be a national priority, and investment in proven on-road technology depends on maintaining cost efficiency. The credit on the sale
Online rental giant Airbnb has renewed calls for capital gains tax reform to better promote a “fair go”, in an appeal to the Morrison government’s commitment to aspiration. Airbnb said expats living overseas are allowed to rent out properties full time for years, but Airbnb hosts risked losing the capital gains tax exemption that applies
HMRC opened investigations into almost one in four of the 22,000 estates on which IHT was due in the 2018-2019 tax year, according to a freedom of information request submitted by wealth advisors Quilter. Some 5,537 IHT returns were investigated in the tax year. The number of investigations has grown by 7.8% following the introduction
HMRC Investigates A Quarter Of All Taxable Estates Read More »
Dangote and other private companies are set to access 50% of expenditure in tax credit from the Federal Inland Revenue Service (FIRS). According to FIRS executive chairman, Tunde Fowler, the plan is to solve infrastructural deficit in the country by reducing the actual amount of tax to be paid by private companies, while these companies
Dangote Group, others to get 50% tax credits from FIRS – Fowler Read More »
More than 81 per cent of taxable adults and businesses in Nigeria do not pay their income taxes due to low tax moral in the country. The Research Director of the Fiscal Policy Roundtable of the Nigeria Economic Summit Group, Mr Tayo Oyedele, disclosed this in a presentation during a courtesy call on the Director
The Technical Committee of the National Tax Policy Implementation Committee will soon present a bill to the Minister of Finance and National Planning, Mrs Zainab Ahmed, that will harmonise all taxes to enhance ease of doing business in the country. The Deputy Chairman of the committee, Dr Bode Oyetunde, said this during the second meeting
FG plans bill to address multiple taxes, disparity Read More »
The President and Vice Chancellor of Babcock University, Ilishan-Remo in Ogun State, Prof Tayo Ademola, on Tuesday, appealed to the federal and state governments to relax taxes on private universities in Nigeria . Ademola lamented that the taxes levelled on private universities were becoming unbearable. The VC stated this during a press briefing held at
Within an eight-year period covering 2011 and 2018, the country earned a total of N35.56tn as tax revenue, statistics obtained from the Federal Inland Revenue Service have revealed. An analysis of the tax revenue statistics showed that the tax income was earned in two major tax revenue items. They are oil tax which is generated
Nigeria earned N35tn from tax in eight years — FIRS Read More »
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