Tax: Global Body Tightens Noose Against Evaders   The multilateral convention to implement tax treaty related measures and Prevent Base Erosion and Profit Shifting (BEPS) will enter into force on July 1, 2018, marking a significant step in international efforts to update the existing network of...

FIRS Says No to Punitive Insurers Tax Law The Federal Inland Revenue Service (FIRS), has mandated its staff across the country to stop the implementation of the sections of yet-to-be amended tax law that has brought heavy tax burden to insurers. The good news came recently...

VAIDS: We Have Data On Nigerians With Hidden Assets Says Adeosun   The Minister of Finance, Mrs. Kemi Adeosun, yesterday, declared that the Voluntary Assets and Income Declaration Scheme (VAIDS) has given the Federal Government access to data of Nigerians with hidden assets both at home...

Tax Underpayment: FG Reviews Data of 130,000 High Net-worth Persons, Firms – Adeosun The data mining efforts of the Federal Government through the Federal Ministry of Finance has identified a new batch of over 130,000 high net worth individuals and firms that have potential tax...

Adeosun Urges Tax Payers to Demand for Written Notice from Tax Officials The Minister of Finance, Mrs. Kemi Adeosun, has advised tax payers to demand for written notice when they receive phone calls from tax officials. She gave this advice in response to the activities of...

As From March 31, FG’ll Name And Prosecute Tax Evaders - Adeosun The Federal Government on Thursday said it would name, shame and prosecute tax evaders who fail to take advantage of the amnesty provided by the Voluntary Assets and Income Declaration Scheme to regularise their...