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Tax Matters

FG To Target Tax Evaders Come April

FG To Target Tax Evaders Come April The Minister of Finance, Mrs Kemi Adeosun, has disclosed that the Federal Government would aggressively go after tax evaders from next April when the grace period for voluntarily assets and income declaration would have been over. She announced that...

Companies’ Tax Profiles Under Review- FG

Companies’ Tax Profiles Under Review- FG The Minister of Finance, Mrs. Kemi Adeosun, has said the Federal Government is reviewing the tax profiles of companies that received major payments from it in the last five years. The review is part of measures aimed at identifying those...

Osinbajo Challenges African Tax Experts On BEPS, Transparency

Vice President Prof. Yemi Osinbajo, said Africa tax administrators need to address issues relating to Base Erosion and Profit Shifting (BEPS) and increase transparency in resource mobilisation. Osinbanjo at the opening of an international conference of Africa Tax Administration Forum (ATAF), said that the continent...

No Nigerian can evade tax payment with VAIDS– FIRS boss

The Chairman, Federal Inland Revenue Service (FIRS), Mr Babatunde Fowler says with the introduction of Voluntary Assets and Income Declaration Scheme (VAIDS), no Nigerian can evade tax payment. Fowler said this at the 138th Quarterly Meeting of the Joint Tax Board (JTB) on Monday...

Welcoming VAIDS Tax Thursday Programme

There is currently a global initiative to tackle the problem of illicit financial flows and tax evasion, which has contributed to the country’s underdevelopment. A report by former South African Premier, Thabo Mbeki, noted that the amount of illicit financial flows out of Africa exceeded...

FG Generates 55% of VAT from Lagos –Adeosun

The Minister of Finance, Mrs. Kemi Adeosun, has said that 55 per cent of the revenue generated by the Federal Government from Value Added Tax receipts was being collected from Lagos State. Adeosun, according to an online publication, TheCable, said this during a meeting with...