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Joint Tax Board
Chairman, Joint Tax Board, Mr. Babatunde Fowler, has disclosed that the new National Tax Identification Number (TIN) registration system and consolidated taxpayers’ database would help engender a tax-friendly environment in the country and lay a foundation for less governmental dependence on loans, aids and grants.
The Federal Government has paid the sum of N157.35bn Pay-As-You-Earn tax liabilities owed by Federal ministries, departments and agencies to states.
The South-East states have received nothing less than N23.87 billion from the Federal Government as tax rebates.
The Anambra State Governor, Chief Willie Obiano, on Thursday flagged-off the New National Tax Identification Number (TIN) Registration System for the Southeast geopolitical zone.
The National Bureau of Statistics says in the first half of 2019, the 36 states and the Federal Capital Territory generated N691.11 billion as Internally Generated Revenue.
Sequel to the decision by the Federal Road Safety Corps and the Joint Tax Board to clampdown on tricycles and motorcycles without number plates and riders without class ‘A’ licenses, the corps has arrested over 1,750 violators nationwide.
The Federal Inland Revenue Service (FIRS) says about 45 million Nigerians will be captured as taxpayers before December 2019.
The Federal Road Safety Corps (FRSC) says the influx of tricycles into city roads as a means of transportation, is an indication of failure of intra-city bus systems.
The federal government says it has paid N135 billion of all outstanding PAYE tax liabilities owed by Federal Ministries, Departments and Agencies (MDAs) for 14 years to various states governments.
The Federal Government has directed the Central Bank of Nigeria (CBN), Nigeria InterBank Settlement System (NIBBS), the National Identity Management Commission (NIMC), to cooperate with the Joint Tax Board (JTB) in the release of relevant individual records.
The Chairman, Joint Tax Board (JTB), Mr Tunde Fowler, said on Monday that the Internally Generated Revenue of the 36 states and FCT rose from N800 billion in 2016 to N1.16 trillion in 2018.
The National Bureau of Statistics (NBS) said the Internally Generated Revenue (IGR) of 36 states and the Federal Capital Territory (FCT) for fourth quarter of 2018 was N324.59 billion compared to N264.34 billion recorded in third quarter of the same year.
The Federal Inland Revenue Service on Thursday disclosed that the non-oil sector contributed about 54 per cent of the N5.32 trillion revenue it generated in 2018.
Latest report from the Nigerian Interbank Settlement System (NIBSS), has shown that Nigeria’s electronic payment (e-payment) services, recorded transactions worth N56.85 trillion between January and end of September, 2018.
The Manufacturers Association of Nigeria, (MAN) has expressed concern that there may be a further depreciation of the Naira due to the recent pressure on the country’s external reserve arising continuous dip in oil prices and the usual withdrawal of foreign capital due to anticipated political uncertainty.
Udinese defender William Troost-Ekong says he is enjoying the competition in the Super Eagles camp, ahead of other challenges in his club.
The Federal High Court, Abuja, on Wednesday, adjourned till November 20 for the Police Service Commission to respond to the Attorney-General of the Federation’s counter-affidavit in a suit to stop the recruitment of 10, 000 police officers.
Russia's Embassy to Washington says it has lodged a formal diplomatic protest after Israel extradited a Russian national to the United States, where he is suspected of stealing more than $20 million from U.S. consumers through credit card fraud.
Bolivian ex-president Evo Morales jetted off to exile in Mexico Tuesday in a bizarre flight full of detours that traced the shifting political map of a Latin America racked by crises.
The All Progressives Congress (APC) in Kogi State has accused the governorship candidate of the Social Democratic Party (SDP), Natasha Akpoti, of faking the reported attack on her on Tuesday in Lokoja.
Liverpool’s Trent Alexander-Arnold admits to concern over handball VAR incident against Manchester City
Trent Alexander-Arnold had the threat of a VAR check in the back of his mind after the ball struck his arm in the build-up to Liverpool’s opening goal against Manchester City on Sunday, but his focus remained on the task at hand.
Paul Pogba is reportedly keen to return to Juventus next summer after failing to seal a dream switch to Real Madrid.
Senator Abiodun Olujimi, former senate minority leader, on Thursday, said her victory at the appeal court over Dayo Adeyeye, former spokesman of the senate, is a product of God’s grace.
Vice Presidential Candidate of the Peoples Democratic Party (PDP) during the 2019 elections, Peter Obi, has joined in mourning former Minister of Petroleum resources, Prof. Tam David-West, describing his passage as “painful”.
Some rice traders at Ota in Ogun on Friday attributed the current hike in the price of local rice to unregulated activities of middlemen distributing the commodity across the country.