The Lagos Chamber of Commerce and Industry, LCCI, has lent its voice to the opposition groups’ against the newly enacted Lagos Land Use Charge Law 2018, describing its sanctions as obnoxious and not in line with democratic ideals. The President of the Chamber, Mr. Babatunde Ruwase, made the position of the OPS group known in […]
Apparently concerned about the negative implications of abuses for the current’s efforts to boost the nation’s tax revenue profile, the Federal Government today advised tax payers to demand for written notice whenever tax officials are asking them to pay their tax liabilities. The Minister of Finance, Mrs. Kemi Adeosun, who gave the advice in a […]
The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman, has disclosed that INTELS Nigeria Limited paid $42.6 million (about N13.2 billion) into the authority’s Treasury Single Account (TSA). She made the disclosure while addressing members of the House of Representatives Ad Hoc Committee probing into the matter, adding that the payment was remitted […]
The Swiss Government is to ease the requirements on banks affected by the Too Big To Fail (TBTF) regime to ensure that they are not subject to an additional tax burden as a result of the legislation. A news report by Tax-News.com indicated that the TBTF regime required systematically important banks to have sufficient capital […]
Kaduna State Government has announced tax waiver for teachers in public primary and secondary school teachers in the state effective from next month until the new teachers’ salary structure comes into effect. Giving the hint during a media chat Thursday, the state Commissioner for Education, Science and Technology, Malam Jafaru Sani, said with the policy […]
The Executive Chairman of the Federal Inland Revenue Service (FIRS) Mr. Babatunde Fowler, has disclosed that only N20 billion is generated so far out of the targeted N305 billion from the implementation of Voluntary Asset Income Declaration Scheme (VAIDS).
The National Bureau of Statistics (NBS) has reported that the sum of N254.10 billion was collected from various productive sectors of the economy as Value Added Tax (VAT) in the last quarter of 2017.
The Joint Tax Board has advised all tax administrators and other revenue generating agencies in the country to adopt e-payment channels to improve the efficiency of their operations and by so doing, enhance their revenue generation.
Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, has called for the designation of tax malpractices by multinational corporations in Nigeria and other developing countries as ‘foreign corrupt practices’.
…..appeals to voters to allow it levy taxes The Swiss Federal Council has said that corporate tax reform is now urgently needed, with the Government hopeful that the first reforms could enter into force in 2019. A news report by Tax-New.com indicated that the Council met yesterday to discuss the progress made on tax proposal […]