Former President Olusegun Obasanjo has been mocked by the Buhari Media Organisation (BMO) for being indicted by the Federal Inland Revenue Service, FIRS, as a tax defaulter. Obasanjo Farms Nigeria Limited, a company owned by the former President was among the 19,000 tax defaulters recently listed by the FIRS. Through a statement issued by the […]
The Assemblies of God Church, Nigeria, has described as embarrassing the listing of the Church by the Federal Inland Revenue Service, FIRS, as one of the tax defaulting companies. It was gathered that the Government revenue agency had listed the church alongside 19,901 other accounts that were yet to regularise their tax status. A statement
Alleged tax default: FIRS’ action embarrassing – Assemblies of God Church Read More »
Governments at all levels have been urged to block all channels of tax leakages including avoidance, evasion, and corruption, through strict enforcement of tax laws. A Development Consultant Kolawole Banwo made the call at a meeting on the ‘Tax Justice and Breaking Barrier Project of ActionAid Nigeria organized by Rural Women and Youth Development in
Tax: ‘FG, states should block all channels of leakages’ Read More »
The Federal Inland Service (FIRS) has suspended the accounts owned by Obasanjo Farms, Iyiola Omisore and Davido Music Worldwide Ltd. Latest Nigeria News understands that the “bond” is a right to maintain possession of a property (accounts) that belongs to another person until a debt of that person is released. Remember that Babatunde Fowler, executive
FIRS names top firms owing taxes as Obasanjo, Davido makes list Read More »
The Peoples Democratic Party on Monday urged the National Assembly to investigate the handling of taxes collected by the Federal Inland Revenue Service in the last four years. The opposition party said this in light of the leaked correspondence to the FIRS boss, Babatunde Fowler by President Muhammadu Buhari’s Chief of Staff, Abba Kyari. In
Investigate tax collection by FIRS, PDP urges NASS Read More »
Summary On 19 July 2019, the Organisation for Economic Cooperation and Development (OECD) released its report on harmful tax practices across various jurisdictions. The report indicates that Mauritius which had previously been identified as a jurisdiction with harmful tax practices no longer has such harmful tax practices. Specifically, the Mauritian “Partial Tax Exemption Regime”, which
OECD Declares Mauritius Partial Tax Exemption Regime As Not Harmful Read More »
The Peoples Democratic Party has said the alleged discrepancies in the tax collected by the Federal Inland Revenue Services has confirmed its allegation that the Muhammadu Buhari government is corrupt. In a letter dated August 8, 2019 and addressed to the FIRS Chairman Babatunde Fowler by the Chief of Staff to the President Abba Kyari,
Chairman of the Federal Inland Revenue Service, Mr Babatunde Fowler, has blamed the drop in the price of crude oil and recession for the shortfall recorded in actual tax collections from 2015 to 2018. The FIRS chairman gave the explanation in his response to a query issued to him by the Chief of Staff to
Fowler replies Kyari, blames revenue shortfall on recession Read More »
The Tax Appeal Tribunal sitting in Abuja, on Friday ordered counsel in a suit of alleged double taxation to draft terms of settlement to speed up the process of settlement. The suit which was instituted by a company, “M FIFTEEN” Consultants Limited against the Federal Inland Revenue Service (FIRS) and two others was slated on
Tribunal orders counsel to draft terms of settlement in alleged double taxation suit Read More »
Kenya’s Information Communication and Technology (ICT) ministry is working on completing a new tax scheme. This framework, reports say, will be used to tax foreign online streaming media services such as YouTube and Netflix. The over-the-top services (OTT) will soon be required to declare the incomes they derive from Kenyan consumers. OTT services include all
Kenya plans to tax OTT services like Youtube, Netflix Read More »
©2023.Innerkonsult ltd. All Rights Reserved.
Powered by INNER KONSULT LTD
