Latest News Taxation

VAIDS Deadline Expiration: FG May Auction Tax Defaulters’ Assets

There are strong indications that the Federal Government may auction properties and other assets of individual and corporate tax defaulters anytime from now for failure to declare or pay taxes on such assets as required under the Voluntary Assets and Income Declaration Scheme (VAIDS). The deadline set by the scheme for assets and income owners […]

Economy News Extra Latest News

FAAC Meeting Deadlocked, Adeosun Reschedules It For Tomorrow

The Federation Accounts Allocation Committee (FAAC) meeting held today in Abuja ended in  deadlock following the discrepancies observed in the revenue figures presented by the Nigerian National Petroleum Corporation (NNPC) for consideration. The meeting was convened to consider and approve statutory allocations to the tiers of government for February. As a result of the discrepancies, […]