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 […]
Tag: Revenue Tax
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, […]
Customs Targets N1.5trn Revenue In 2018
The Nigeria Customs Service has set a revenue target of N1.5 trillion for the 2018 fiscal year
Ravi Menon Named Best Central Bank Governor In Asia-Pacific
The Banker, the UK-based magazine, has named the managing director of the Monetary Authority of Singapore (MAS), Ravi Menon, as the best central bank governor in Asia-Pacific
We Will No Longer Underwrite Capital Market Processing Fee – SEC
The Securities and Exchange Commission (SEC), has said that it will no longer underwrite processing fee for capital market investors.