TAX: Kano Seals 3 Zenith Bank Branches Over N423m Debt
The Kano State Internal Revenue Services (KIRS) on Monday sealed three branches of Zenith bank in Kano over non-payment of N423m personal income tax.
The Executive Chairman of KIRS, Alhaji Sani Abdulqadir Dambo, said the Service...
FIRS Gives 7-day Notice To Tax Defaulters
The Federal Inland Revenue Service has given a seven-day notice to tax defaulters, with a warning that it will soon begin a nationwide tax enforcement to bring defaulters to book.
The notice was contained in a statement signed by...
LCCI To FG: Scrap Taxes On Solar Equipment
The Director-General, Lagos Chambers of Commerce and Industry, Muda Yusuf, has said that the import duty and taxes on solar equipment including batteries and inverters should be scrapped so as to improve access to renewable energy solutions.
The...
2019 Finance Bill Will Promote Tax Incentives, Fiscal Equity - CITN
The Chartered Institute of Taxation of Nigeria (CITN) has thrown its weight behind the Federal Government’s 2020 Finance Bill, saying when operational, it would “promote fiscal equity and tax incentives to mainstream small and...
Outrage As Senate Okays 50% VAT Increment
The bill specifically seeks to hike the Value-Added Tax from five percent to 7.5 percent.
The Federal Executive Council had in September this year approved an increase in VAT and sent a bill to the National Assembly for consideration....
High Tax Evasion Depleting Ekiti’s IGR, Says Ogunmilade
The Chairman of the Ekiti State Internal Revenue Board, Mr. Olumuyiwa Ogunmilade, has expressed displeasure over the high incidence of tax evasion in the state, which he said is leading to colossal depletion of the state revenue...
