G20 policymakers vowed Sunday to “redouble” their bid to reform by the end of next year the international tax system to take account of internet giants such as Facebook and Google. Speaking about international taxation, the G20 finance ministers and central bank governors said in a statement seen by AFP: “We will redouble our efforts […]
G20 ministers vow to ‘redouble efforts’ on digital tax Read More »
The president of the Confederation of African Football (CAF), Ahmad Ahmed, has been reportedly arrested, on Thursday, June 6, on financial and tax fraud allegations. The 59-year-old was said to have been taken into custody by the authorities at his Berri Hotel room in Paris where he is currently attending FIFA congress. Nigeria Football Federation
The Lagos State Internal Revenue Service (LIRS) issued a Public Notice on 4 June 2019 informing taxpayers of its intention to integrate the existing Taxpayers Identification Digit (PID) into the nationwide Tax Identification Number (TIN) system with the Joint Tax Board. The LIRS intends to leverage the existing Bank Verification Number (BVN) operations to achieve
The Tax Club, University of Lagos clinched the first (1st) prize at the 2019 National Tax Quiz Competition held at the recently concluded Annual Tax Conference organized by the Chartered Institute of Taxation of Nigeria in Kado, Abuja. The Competition was an integral part of the Conference which was held between April 23 and 26,
Tax Club UNILAG Wins National Tax Quiz Competition Read More »
Top G20 finance officials agreed Saturday there was an urgent need to find a global system to tax internet giants such as Google, Facebook, Amazon and Apple, but clashed on the best way to do it. The G20 has tasked the Organisation for Economic Cooperation and Development to fix an international tax system that has
G20 working on digital tax for Amazon, Google, Facebook, Apple Read More »
The debate over increasing property taxes continues to intensify and for some Calgary business owners, it’s a fight to keep their business alive. A new social media campaign called “Sorry, Calgary is closing” launched this week and calls for businesses to band together against skyrocketing tax increases. Barre Belle co-founder Kristi Stuart said her property
City businesses campaigning against rising property tax bills Read More »
Workers of the Revenue Mobilization Allocation and Fiscal Commission have disagreed with the management of the organization over the use of consultants to probe banks for failure to remit all they collect on behalf of the government agencies in charge of taxes and levies. The workers had staged protests for two days last week where
Tax probe: RMAFC, workers disagree over consultants’ engagement Read More »
An Igbosere High Court, Lagos State, on Thursday fixed October 10 for the trial of a Nollywood actress, Monalisa Chinda-Coker, over alleged tax evasion. The News Agency of Nigeria reports that trial was earlier fixed for June 5, but could not hold due to the Eid-el-Fitr holiday. At the resumed hearing on Thursday, the court
Alleged tax evasion: Court fixes October 10 for Nollywood actress’ trial Read More »
The Lagos Chamber of Commerce and Industry has faulted the renewed tax drive in the Nigerian economy, saying that it was focused more on investors than consumers. The chamber stated this in a document setting economic diversification agenda for the Federal Government on Sunday. In the document signed by the Director General, LCCI, Mr MudaYusuf,
Nigeria’s tax structure not investment-friendly, says LCCI Read More »
Recently the executive chairman Benue State Internal Revenue Services (BIRS),Terzungwe Atser fingered some politicians, traditional rulers, local government officials as well as highly placed persons in the society to be involved in illegal collection of taxes across the state. Shortly on assumption of office, Atser raised an alarm on the issue of multiple taxation, that
How Illegal Taxes, Road Blocks Stifle Benue Economy Read More »
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