The Federal Inland Revenue Service (FIRS) says all companies must remit value-added tax and withholding tax by the 21st day of every month. According to a statement signed by Babatunde Fowler, the FIRS chairman, some companies have been found not to deduct these taxes at source. VAT is a consumption tax placed on a product […]
FIRS: VAT, withholding tax must be remitted on the 21st of every month Read More »
The Benue state Board of Internal Revenue Service (BIRS) Sunday said it will clamp down on illegal tax collectors. BIRS also stated that it has arrested one Aga Peter for impersonating as a staff of the revenue Board. Chairman of the board, Andrew Ayaban in a statement issued Sunday said the suspect, Mr Peter was
Much has been written about the need for African countries to collect more tax revenue from citizens and businesses. The IMF has been imploring sub-Saharan countries, particularly over the last decade, to focus on expanding and diversifying their tax bases. Some countries have taken heed of the advice. Yet most haven’t moved beyond lip service.
More African countries are looking to tax mobile money transactions Read More »
Tobacco-Free Club (TFC), University of Abuja chapter, has called on the Federal Government to increase tobacco tax to 70 per cent of the commodity’s retail price. Mr Izang Lawrence, former President of the Club, made the call on Monday at a campaign to enlighten Nigerians on the national tobacco control act of 2015, in Abuja.
P/Harcourt – The Chairman of Rivers State Internal revenue service (RSIRS), Agoage Norteh has said that the agency under his watch was committed to make Rivers State tax friendly. Source: Independent
The chairman of in the council include University of Lagos (UNILAG), Yaba College of Technology (YABATECH), West African Examination Council (WAEC), Federal College of Education (Technical), Psychiatric Hospital, Queen’s College, three military barracks, State CID, among others. According to the council boss, none of the institutions occupying half of the council’s land is paying a
Federal institutions in Yaba not paying taxes, council boss laments Read More »
Namibia has joined a consortium of over 130 countries seeking to tackle tax avoidance, improve the unity of international tax rules, and ensure a more transparent international tax environment. This was revealed by the Organisation for Economic Cooperation and Development (OECD) last Friday in an announcement made on its website. Namibia’s joining follows the European
Nigeria has continued to engage the attention of the world as a paradox of lack in the midst of plenty. As a country blessed with abundant human and natural resources, Nigeria has puzzlingly remained stuck in a perilous dalliance with poverty, coming across as a society where very few are outrageously well-heeled, while the clear
The Federal Government is considering an extension of the value added tax (VAT) exemption on capital market transactions, Vice President, Yemi Osinbajo, has said. Also, the VP said the government is already taking steps to resolve the controversy over the collection of stamp duties. The VP spoke at the Awards Night of the Association of
Nigerian govt considering VAT exemption extension — VP Read More »
The Tax Appeal Tribunal (“TAT” or “the Tribunal”) sitting in Enugu State on 20 June 2019 delivered a judgment in favour of Nigerian Breweries Plc (“Nigerian Breweries” or “Appellant”) in a case with Abia State Board of Internal Revenue Service (“ASBIRS” or “Respondent”). The key issue considered in the case, amongst others, was determining whether
Tax Appeal Tribunal’s Judgement On The Taxability Of Gratuity Payments Read More »
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