Tag: Tax
Adopt tax reforms now, FG tells Ondo Govt
“Implement the new tax reform acts, enact the State Tax Harmonisation law to curb nuisance and illegal taxes,” he said.…
FG Warns Nigerians: File Your Tax Returns or Face the Law
Under the new tax law, businesses that benefit from tax incentives must disclose them when submitting their tax returns or…
Confusion, panic trail plan to debit bank accounts for tax debts
Many Nigerians are worried following a notice by the Lagos Internal Revenue Service (LIRS) saying it has the legal power…
Defaulters: Lagos reveals strategy to recover unpaid taxes
The Lagos State Internal Revenue Service (LIRS) has announced that it will begin recovering unpaid taxes from defaulting taxpayers through…
A rejoinder to Bola’s Tax: When simple logic becomes simple misdirection
So when someone frames pension/health insurance as “proof the poor are being taxed,” they are committing a category error:
NNPCL delivers ₦5.4 billion Profit after tax in 2024 financial report
Others include, attracting and mobilising $60 Billion in investments across all oil and gas sectors by 2030. As it also…
Tax system too critical for politics, FIRS warns
The agency urged politicians to stop spreading false information about routine administrative matters, saying Nigeria’s tax system is too important…
FCT’s 5% tax on private schools will kill our businesses – Proprietors
The Department of Quality Assurance of FCT’s Education Secretariat announced the measure in January after which the association pleaded with…
Nigeria’s tax agency, FIRS, charges Binance with tax evasion, other crimes
In the suit, FIRS accused Binance o non-payment of Value Added Tax (VAT); failure to file tax returns; non-payment of…
Tory leadership rivals clash over tax in leadership debate
Truss has proposed scrapping increases in payroll tax and corporation tax proposed by Sunak, at a cost of over 30…
China cuts income tax for some small firms
Small firms will be subject to the lower income tax until the end of 2024 from the start of 2022,…
LIRS seals 16 firms over tax evasion
The Lagos State Internal Revenue Service (LIRS) on Monday resumed sealing of companies and hospitality firms over unpaid consumption taxes,…
Interswitch sensitizes Nigerians on effective, efficient ways of paying tax
In fulfillment of its commitment to delivering seamless payment solutions, Interswitch Group has reaffirmed its preexisting partnership with the Federal…
Oyo Govt. decries loss of revenue to illegal mining
Oyo State government has decried the loss of revenue to illegal mining and failure by registered mining companies to pay…
Tax revenue recovery: Presidential panel, FIRS partner
The Special Presidential Investigation Panel for the Recovery of Public Property (SPIP) is to panel with the Federal Inland Revenue…
Pay your tax regularly, Ortom urges Benue residents
Gov. Samuel Ortom of Benue has called on Benue residents to support his administration by always paying their taxes as…
Trump tax showdown: U.S. Democrats set April 23 deadline for IRS
U.S. congressional Democrats on Saturday headed for a showdown with the Internal Revenue Service over President Donald Trump’s tax returns,…
Shakira accused of evading tax in Spain
Spanish prosecutors have accused the pop singer Shakira of tax evasion, alleging that she owes payments of more than 14.5…
Fowler Urges Developing Countries To Grow VAT
Chairman of the Federal Inland Revenue Service, Mr Babatunde Fowler, has advised developing countries to grow Value Added Tax and…
Tunisia will not impose new taxes in 2019
Tunisia will not impose new taxes on citizens in 2019 and will cut the tax burden for some sectors to…
Zimbabwe police ban protests against new tax
Zimbabwe police will stop planned protests by the labour movement against a new tax on money transfers on Thursday because…
Association seeks tax waiver for manufacturing sector
Constance Shareholders Association of Nigeria on Monday urged the Federal Government to grant tax waiver to manufacturers to enhance the…
Oyo commences collection of tax from informal sector
Oyo State Government has commenced collection of taxes from informal sector of the economy across the state.
African governments urged to tax greenhouse gas emitters
Climate change experts on Friday called on African governments to put in place carbon pricing regulation to earn taxes from…
Globacom owes Kano Govt. N47 million tax
The Kano State House of Assembly ad-hoc Committee on Outstanding Taxes and Liabilties by GSM Service Providers, said that Globacom…
130,000 high profile persons, companies underpaying tax in Nigeria
The data mining efforts of the Federal Government through the Federal Ministry of Finance has identified a new batch of…
Tax Collection: Lagos Govt introduces Electronic Revenue Assurance System
The Lagos State Government on Thursday introduced Electronic Revenue Assurance System (ERA) to enhance collection of consumption tax.
Delta Govt harmonises taxes to boost revenue
Chief David Edevbie, the Delta Commissioner for Finance, says the state’s decision to harmonise taxes and reduce tax consultants is…
Tax: Oyo state to sanction defaulting hotels, night clubs
The Oyo State Government says it will sanction any player in the hospitality industry which defaults in the payment of …
Gov. Bindow pleads with Adamawa people to pay tax
Gov. Muhammadu Bindow of Adamawa has pleaded with the people of the state to show patriotism by paying their tax…