MTN Nigeria Communications Plc, one of Nigeria’s leading telecommunications service providers, on Friday reported a profit before tax of N215.12 billion for the half-year ended 30 June, representing a 54.1 percent surge over its profit in the corresponding period of 2020. The telco, in its unaudited results for the half year period filed with the […]
Former President Donald Trump suffered major setbacks on Friday in his battle against prosecution over fiscal crimes when the Department of Justice (DOJ) ordered the release his tax records and disclosed a memo he wrote last year directing top officials to falsely claim his election defeat was “corrupt.” Specifically, the DOJ ruled that the income […]
The South African Revenue Service (SARS) Customs Team at the weekend announced the development of a contingency plan to facilitate trade and to support Transnet. The Plan is an interim measure to ensure release of import and export cargo from and to TNPA and TPT has been implemented by SARS and Transnet SOC Ltd with […]
ActionAid Nigeria (AAN) at the weekend expressed its support for the Nigerian government’s reluctance to sign the Organisation for Economic Co-operation and Development (OECD) tax deal in view of its lopsided provisions that it observed were not in favour of developing economies. The Country Director of the civil society organisation, Ene Obi, in a statement […]
The European Commission on Wednesday initiated plans for the world’s first carbon border tax on imports of carbon-intensive steel, cement, fertilizers, aluminium, and electricity, as part of a programme to meet its new climate target. According to the commission, the border levy, which is designed to protect European industries from competitors abroad whose manufacturers can […]
The Federal Inland Revenue Service (FIRS) has appointed some commercial banks as agents to recover the sum of N1.8 trillion from accounts of Messrs MultiChoice Nigeria Limited (MCN) and MultiChoice Africa (MCA). A statement signed by the Executive Chairman, Muhammad Nami, to the effect indicated that the decision to appoint the banks as agents and […]
The Nigerian Civil Service Union (NCSU) has alleged that the secret recruitment of over 2,000 workers by the Federal Inland revenue Service’s (FIRS’) management over the past 18 months is negatively impacting the Service’s finance, thereby making it difficult for it to pay salaries at some point this year. In a letter dated June 21, […]
The Government of Bermuda has announced the country’s readiness to join the Organisation for Economic Co-operation and Development’s (OECD’s) ‘Inclusive Framework’ for international taxation in demonstration of its commitments to transparency, cooperation and high levels of compliance with international standards. The country’s Minister of Finance, Curtis Dickinson, had earlier responded to the global minimum corporate […]
The Senate on Wednesday summoned the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, to appear before it tomorrow to brief the lawmakers and make clarifications on the Petroleum Industry Bill (PIB). The summon, which was made by the Senate President, Ahmad Lawan, during plenary, requires the NNPC boss to […]
Japan’s tax revenue for the financial year ended March 2021 rose to a record high, likely exceeding 60 trillion yen ($540 billion) despite the devastating impacts of the COVID-19 pandemic to the nation’s economy. A news report by Reuters linking two government sources to the tax revenue figures, indicated that the bumper tax revenue could […]