You know, every question on tax always start with a tax to Gross Domestic Product (GDP) ratio of six per cent. For me, it is rhetoric, unfortunately. But fundamentally, if you really want to get tax level to increase, you have to grow the economy. When the economy is not growing, you can’t expect the […]

Members of the Depot and Petroleum Products Marketers Association of Nigeria, Major Oil Marketers Association of Nigeria and the Independent Petroleum Marketers Association of Nigeria on Thursday declared that the government and its agencies should not kill oil marketers’ businesses with multiple taxation. DAPPMAN, MOMAN and IPMAN made the call at a stakeholders’ meeting on

The Federal Government on Friday said the tax being paid on a packet of cigarette containing 20 sticks would increase from N20 to N40 this month. Speaking at an event in Abuja to mark the 2019 World No Tobacco Day, the Permanent Secretary of the Ministry of Health, Abdulaziz Abdullah, also  said  the National Assembly

The Osun State government has said that introduction of an automated technology known as “Omoluabi Card” for collection of taxes from taxable Osun residents was designed to boost the state’s revenue base. Supervisor for Finance Mr. Bola Oyebamiji, at a weekly meeting of the Ministry of Finance, said with the automated technology, all taxable adults

More than 160 countries around the world use value-added tax, nevertheless most commonly found in the European Union are not without controversy. It was in 2018 implemented in United Arab Emirate, the first in Middle-east countries to introduce VAT. Most of these countries; if not all get value for any tax paid by citizens and

Minister of Finance, Mrs Zainab Ahmed: Nigeria’s tax to GDP ratio of 6.1 % believed to be rooted in corruption, says IMF The costs of corruption run deep. Your taxpayer dollars are lost in different ways, siphoned off from schools, roads, and hospitals to line the pockets of people up to no good, the International

The Federal Government says it will grant tax incentives to private companies willing to fund the construction of major road projects in the six geo-political zones of the country. The Minister of Finance, Mrs Zainab Ahmed said this on Tuesday at the Public Presentation of the Approved 2019 Budget in Abuja. Ahmed, who spoke on

CASH-STRAPPED councils should consider clobbering Brits with a local income tax to plug their multi-billion pound funding black hole, a respected think-tank today says. The Institute for Fiscal Studies said English town halls have had their funding slashed by a fifth in the past decade. The Institute for Fiscal Studies says local councils will face