NCC: 30% Reduction In Income Tax Will Boost Foreign Investments The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta has said the 30 per cent reduction in Company Income Tax, which is a pioneer status for prospective investors coming into...

Banks Suspends BDCs' Accounts, Demands Tax Remittance The Association of Bureau De Change Operators of Nigeria has kicked against ongoing banks’ suspension of bureau de change accounts, demanding for tax remittances on turnover volumes. In a statement on Thursday, the President, ABCON, Alhaji Aminu Gwadabe, said...

FIRS Agrees To Refund $2m, Other Tax Overpayments In Arco, GE Saga   The Federal Inland Revenue Service (FIRS), has said it will refund the N360million and $2million excess withholding tax (WHT) deducted from Arco Petrochemicals Engineering Company Limited, through its business dealings with General Electric...

9mobile Office Closed In Rivers Over N108m Unpaid Tax   The regional office of 9mobile (formerly Emerging Markets Telecommunication Service) in Rivers State has been shut over alleged non-payment of Pay As You Earn taxes of expatriates working for the firm to the tune of N108m. 9mobile...

VAIDS: 180 SMEs Get Education On Tax Compliance In a bid to get more people into the tax net through the Federal Government’s Voluntary Asset and Income Declaration Scheme, an initiative has been launched with the aim of making about 180 operators in the Micro,...

FG, states Realised N30bn From VAIDS — Fowler   A total of N30bn has been realised from taxpayers who have declared their assets under the Voluntary Assets and Income Declaration Scheme of the Federal Government. The Executive Chairman, Federal Inland Revenue Service, Mr. Babatunde Fowler, gave the...