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National Tax Policy
The President of Chartered Institute of Taxation of Nigeria (CITN), Dame Olajumoke Simplice, has blamed Nigerians’ outcry against the new tax regime on long period of apathy and lack of focus to make taxation the bedrock of government’s revenue mobilisation.
Many Nigerian football supporters and enthusiasts have greeted the new football season in major European countries with excitement and anticipation.
President Muhammadu Buhari, Tuesday in Abuja, said the Federal Government will continue to sensitize and encourage Nigerians to cultivate the culture of paying taxes by ensuring fair implementation policy and effective utilisation of resources.
A notice by Minister of Budget and National Planning, Senator Udoma Udo Udoma and Executive Chairman of Federal Inland Revenue Service (FIRS) Mr. Babatunde Fowler of government’s intention to raise the rate of value added tax (VAT) before the end of 2019 is presently causing ripples among various categories of Nigerians.
The Federal Inland Revenue Service on Friday said it generated N4.3 trillion as tax revenue between January and October this year.
The Federal Executive Council presided over by President Muhammadu Buhari approved the sum of N1,550,187,713.00 for the procurement of 68 brand new Ford Pick up operational vehicles for Nigeria Customs Service (NCS).
The Federal Inland Revenue Service (FIRS) says it has started harmonising taxes in Nigeria as part of moves to reduce cases of multiple taxation.
The government of Lagos state seems to be currently in the eye of the storm over its introduction of a law, a property tax as it were, known as the Land Use Charge Act of 2018, which repeals a similar law of 2001, and consolidates ground rent, tenement rate, and neigbourhood development levy.
Nigeria’s Minister of Finance, Kemi Adeosun, has called for the designation of tax malpractices by multinational corporations in Nigeria and other developing countries as ‘foreign corrupt practices’.
The Federal Government has commenced Automatic Exchange of Tax Information (AETI), on overseas assets held by Nigerians.
The federal government and some foreign countries including the United Kingdom, have started the automatic exchange of tax information (AETI), on overseas assets owned by Nigerians.
The Lagos Chamber of Commerce and Industry (LCCI) has commended the Federal Government for allocating 30.8 per cent of the 2018 Federal Budget to capital projects.
The Abuja Chamber of Commerce and Industry (ACCI) says improved tax system is vital for sustained economic growth and development of the country.
Manchester City’s appeal against their two-year ban from European competitions, could see them implicate Liverpool over allegations that the Reds hacked into their scouting database.
Mikel Arteta admitted Pierre-Emerick Aubameyang has erased any doubts about his commitment after Arsenal’s captain led by example with a double in their 3-2 win against Everton on Sunday.
Lagos Health Facility Monitoring and Accreditation Agency has shut down 20 health facilities in the month of January for non-compliance with regulatory standards.
Nigeria mourned on Sunday the 'untimely death' of footballer Kazeem Tiyamiyu locally known as Kaka after he was knocked down and killed by a car in an apparent hit-and-run.
A “bomb attack” on a rally in support of Ethiopian Prime Minister Abiy Ahmed injured nearly 30 people Sunday, a police official said, in the latest sign of instability ahead of elections in August.
The Ogun House of Assembly has called on the Federal Road Safety Corps (FRSC), to ensure that all vehicles plying the roads in the state installed speed limit device to avert crashes arising from excessive speed.
The state police command spokesman, DSP William Aya, told newsmen that the man was rescued inside the bush where he was abandoned by the abductors.
Gunmen killed 24 people, including a pastor, in an attack on a church during Sunday mass in northwestern Burkina Faso, four security sources said on Monday.
Mr Mohammed Jibrin, Director-General (DG) of National Board for Technology Incubation (NBTI), says the board is ready to bring in technologies that will create immediate jobs to support hardworking and performing governors.
Arsenal could lose starlet Bukayo Saka if they fail to secure European football for next season, according to reports.