The President Joe Biden-led government is set to begin the payment of Child Tax Credit to low and moderate income households. The Child Tax Credit, which is a key component of Joe Biden’s American Rescue Plan, is slated to commence first-ever monthly cash payments on July 15, when the IRS will begin sending checks to […]
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 South African Revenue Service (SARS) has released new tax filing guidelines for corporate and individual taxpayers for 2021 financial year and charged tax professionals in the country to enlighten taxpayers on the new requirements for timely compliance. According to theTax Practitioner Connect, the electronic newsletter for South African tax practitioners published today, under the […]
The Council of the European Union (EU ) has raised questions on Washington’s demands on countries to roll back national “unilateral” tech taxes as soon as a global levy on multinational companies is agreed on. A news report by POLITICO, an online platform, indicated that the Council’s opposition to the U.S. government’s fiscal stance was […]
As the nation’s insecurity continues to dominate public discourses on Nigeria’s political stability and economic growth by the day, the Speaker of the House of Representatives, Hon. Femi Gbajabiamila, on Monday said that only 9 percent of yearly appropriations to the Armed Forces are committed to capital expenditures with the balance being used for recurrent […]
The minority caucus of the House of Representatives on Monday has called on the Federal Government to immediately commence full investigation of an alleged misappropriation of over N165 billion of operating surplus and the diversion of billions of Naira by the suspended Managing Director of Nigeria Ports Authority (NPA), Hadiza Bala Usman, and her top […]
The African Development Bank (AfDB) President, Dr. Akinwumi Adesina, and Professor Joseph Stiglitz have called for a quick and comprehensive plan for debt restructuring in Africa. Making the call at the launch of the AfDB’s 2021 edition of its annual African Economic Outlook, Adesina urged African governments to consider collectively establishing an African financial stabilization […]
The Nigeria Labour Congress (NLC) and its affiliate unions will on Wednesday embark on a nationwide strike over industrial-related legislative matters. Specifically, the organized labour body stated that the planned industrial action was prompted by alleged attempts by National Assembly lawmakers to move the Minimum Wage section from the Exclusive Legislative List to the Concurrent […]
The United States Supreme Court declined on Monday President Donald Trump’s appeal to block a New York grand jury from getting his personal and corporate tax returns. The verdict represented the ousted President’s decisive defeat in his prolonged legal battle to keep his tax records out of the hands of investigators. A news report by […]
Most analysts in the nation’s economic space have endorsed the just enacted Finance Act 2020 in view of its great potential to transform the nation’s economy and reposition it on the path of sustainable growth in the years ahead. The support was confirmed in a survey by leading professional services firm, PwC Nigeria, during its […]