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National Tax Policy
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.
A witness invited by the petitioners before the Presidential Election Petition Tribunal (PEPT) has disagreed with the results of the last presidential election in Katsina State as claimed by the Peoples Democratic Party (PDP) and its candidate in the last presidential election, Atiku Abubakar.
Barcelona have agreed to sell left-back Marc Cucurella to Getafe just a day after they brought him back from Eibar.
The Kaduna State House of Assembly has began deliberations on the N81.68 billion supplementary budget forwarded to it by Gov. Nasiru El-Rufai.
The Nigerian Air Force (NAF) has appointed new Branch Chiefs, redeployed two Air Officers Commanding (AOCs) and other senior officers.
The Mexican drug kingpin Joaquin “El Chapo” Guzman has been sentenced to life behind bars in a U.S. prison, a humbling end for a drug lord once notorious for his ability to kill, bribe or tunnel his way out of trouble.
The National Emergency Management Agency (NEMA) says 14 persons have so far died and four others severely injured in the collapsed three-storey building at Delimi Community of Jos North Local Government Area of Plateau.
Apostle Johnson Suleiman, the senior pastor and general overseer of Omega Fire Ministries International, has described the inscription of herdsmen in the new Nigeria passport as a shameful act.
The Court of Appeal in Abuja has declared the detention of former National Security Adviser (NSA), Colonel Sambo Dasuki, by the Department of State Security Service (DSS) as illegal, unlawful and unconstitutional and ordered his release on conditional bail.
Juventus have joined Manchester City and Inter in the battle to sign Dani Alves as a free agent.
President of the Nigeria Labour Congress (NLC), Comrade Ayuba Wabba, has said that the Congress has not issued any strike notice over the implementation of the new national minimum wage by the government.