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Thursday, December 5, 2019

Buhari Blames Politicians, Oil Firms For Tax losses Over The Years

Buhari Blames Politicians, Oil Firms For Tax losses Over The Years   President Muhammadu Buhari has blamed politicians and oil companies for conspiring to deny Nigeria...

FG To Introduce Tax Incentives On Investment In Capital Market

FG To Introduce Tax Incentives On Investment In Capital Market   The Federal Government on Thursday said it would introduce tax incentives on investments in capital...

All Tax Processes Are Now Automated – FIRS Boss

All Tax Processes Are Now Automated – FIRS Boss   The Chairman, Federal Inland Revenue Service, Mr Babatunde Fowler, has said that improvement in revenue collection...

FIRS Generated N4trn In 9 Months — Fowler

FIRS Generated N4trn In 9 Months — Fowler   The Federal Inland Revenue Service on Thursday said it collected the sum of N4.01tn in the first...

Experts Oppose IMF’s Call For Tax Hike

Experts Oppose IMF’s Call For Tax Hike   Finance experts, Lagos Chamber of Commerce and Industry, a university don, among others, have disagreed with the International...

ABCON Cautions FG Against VAT Hike

ABCON Cautions FG Against VAT Hike   The Association of Bureaux De Change Operators of Nigeria (ABCON) has cautioned against the proposed increase in the Value...

Nigeria Has Lowest Tax Rate Globally, Says Agba

Nigeria Has Lowest Tax Rate Globally, Says Agba   The Minister of State for Budget and National Planning, Prince Clem Agba, has defended the recent increase...

2020 Budget: 85% VAT Going To States, LGAs – Fashola

2020 Budget: 85% VAT Going To States, LGAs – Fashola   The Minister of Works and Housing, Babatunde Fashola, has said that 85 per cent of...

President Buhari Exempts Firms With N25m Turnover From VAT

President Buhari Exempts Firms With N25m Turnover From VAT   Firms making a turnover of N25 million and below will be exempted from payment of the...

30,000 Firms In Kaduna Fail To Pay Taxes

30,000 Firms In Kaduna Fail To Pay Taxes   THE chairman, Kaduna State Internal Revenue Services, Zaid Abubakar, has said more than 30,000 companies in the...

VAT Collection Still At 0.2%, FG Says

VAT Collection Still At 0.2%, FG Says   Mrs. Zainab S. Ahmed has said the collection of the value added tax (VAT) is still at a...

Tenure: FIRS Boss, Fowler To Know Fate On October 11

Tenure: FIRS Boss, Fowler To Know Fate On October 11   The Federal High Court sitting in Kano has today heard the Originating Summons of a...

FIRS Targets 45m Taxpayers By December, Says Fowler

FIRS Targets 45m Taxpayers By December, Says Fowler   Federal Inland Revenue Service has said that about 45 million Nigerians will be captured as taxpayers before...

Telecom Operators Criticize Proposed Communications Service Tax

Telecom Operators Criticize Proposed Communications Service Tax   Telecommunications operators have condemned the proposed nine per cent communications service tax the 9th National Assembly plans to...

Expert Calls For Simplified Tax System

Expert Calls For Simplified Tax System   The federal and state governments have been advised to address grey arears in the nation’s tax policies in order...

FG Denies Dangote, 14 Others Tax Relief

FG Denies Dangote, 14 Others Tax Relief   The Nigerian Investment Promotion Commission has rejected the application of 15 companies seeking pioneer status under the Industrial...

Investors Seek Tax Removal On Investments To Promote Savings

Investors Seek Tax Removal On Investments To Promote Savings   The prevailing high tax regime in the country has come under fresh criticism, as investors have...

VAT Increase To Generate Extra N479.7bn Revenues

VAT Increase To Generate Extra N479.7bn Revenues   The proposed 7.2 per cent Value Added Tax (VAT) proposal by the Federal Executive Council (FEC) is expected...

VAT Hike Will Kill Businesses, Shrink GDP, Experts Say

VAT Hike Will Kill Businesses, Shrink GDP, Experts Say Experts and groups such as the Nigeria Employers’ Consultative Association have said the recent increase in...

23,141 Tax Defaulters Owe N254bn, Says FIRS

23,141 Tax Defaulters Owe N254bn, Says FIRS   The Federal Inland Revenue Service says a total of 23,141 defaulters owe N254bn in tax liabilities. The service also...