Home Topics Withholding Tax

Withholding Tax

Discos fault PwC claims on non-payment of tax

Following a fresh claim by PriceWaterhouse Coopers (PwC) that the electricity distribution companies (DisCos) have not paid tax to the Federal Government(FG) since privatization of the power sector in 2013, the 10 DisCos have faulted the claim.
Anthony Mkpe Ayine

AuGF to audit FIRS, Customs

The Auditor-General of the Federation, Anthony Mkpe Ayine, has begun deep engagements with key federal agencies in his efforts to improve the credibility of public finance administration in Nigeria.

N1.2 billion tax error claims: Tribunal permits counsel to tender documents from bar

The Tax Appeal Tribunal sitting in Abuja on Friday, gave permission to the counsel to Mr Joe Daudu, SAN, to tender documents from the bar, in order to avoid further delay in the matter.

RMAFC: No going back on banks’ probe for tax collection verification

The Revenue Mobilisation Allocation and Fiscal Commission on Sunday said there was no going back on the on-going probing of Money Deposit Banks to ascertain the amount of money they collected on behalf of revenue generating agencies of the government.

Delta, Akwa Ibom received highest as federal, states, local governments shared N8 trillion in...

A new report has disclosed that the federal government, 36 states and the 774 local government councils in Nigeria shared a total sum of N8 trillion from the Federation Account in 2018 in spite of the shut-ins in several oil installations during the period.

FIRS shuts NDPHC HQ over N9.8 billion tax debt

The Federal Inland Revenue Service (FIRS), yesterday, sealed of the headquarters of the Niger Delta Power Holding (NDPHC) over tax liabilities totaling N9, 831,368, 259.90.
FILE PHOTO- An MTN starter kit pack on display at a retail stand in Abuja, Nigeria November 17, 2015. REUTERS-Afolabi Sotunde-File Photo

MTN demands N3 billion damages from federal government over $1.3 billion tax default claim

MTN Nigeria is seeking N3 billion in damages and legal costs from the federal government.
FILE PHOTO- An MTN starter kit pack on display at a retail stand in Abuja, Nigeria November 17, 2015. REUTERS-Afolabi Sotunde-File Photo

MTN suit against federal government for hearing December 3

A Federal High Court, Lagos, will on Dec. 3 hear a suit by MTN Nigeria Communication Ltd against the Attorney General of the Federation challenging the legality of N242 billion and 1.3 billion dollars import duties and withholding tax assessment.
Institute of Chartered Accountants of Nigeria (ICAN)

ICAN urges FIRS to sanction MDAs over failure to remit tax

Participants at the just concluded 48th Annual Accountant Conference in Abuja have called on the Federal Inland Revenue Service (FIRS) to sanction all the Federal Government Ministries, Departments and Agencies (MDAs) that fail to remit their taxes to serve as a deterrent to others.

FIRS demands evidence of General Electric tax remittance

The Federal Inland Revenue Service (FIRS) has demanded evidence that General Electric International Operations Nigeria Ltd remitted the excessive tax it withheld from Arco Group Plc, a Nigerian oil servicing company, for nine years.

EFCC closes in on JAMB directors over N8 billion fraud

Barring any last minute change, the operatives of the Economic and Financial Crimes Commission, EFCC, are set to arrest some senior staff of the Joint Matriculations Board, JAMB, who have been fingered in the disappearance of over N8 billion revenue.

Report: How NSITF misappropriated N6.2 billion

The Administrative Panel of Enquiry, which probed the N6.2 billion scam at the Nigeria Social Insurance Trust Fund (NSITF) on Wednesday submitted its report to the Minister of Labour and Employment, Chris Ngige.

Federal govt orders contractors to show TIN before payment

The federal government has ordered vendors of Ministries, Departments and Agencies (MDAs) to display their Tax Identification Numbers (TINs) on their invoices before payments are effected by the MDAs.

Federal govt loses $2.27 billion to OPA – NEITI

The Nigeria Extractive Industries Transparency Initiative (NEITI} says Nigeria lost N60.99 billion 2.27 billion dollars and to the Offshore Processing Arrangement (OPA) and crude for product swap arrangement, valuation issues, crude oil and petroleum products losses.

Construction firms ask FIRS to refund N36 billion excess tax

The Federation of Construction Industry has said that over N36bn Withholding Tax credit belonging to its members is pending with the Federal Inland Revenue Service.

House of Reps to probe MDAs over N115 billion tax liabilities

The House of Representatives on Wednesday resolved to investigate the allegations that Ministries, Departments and Agencies (MDAs) of government owe ₦115 Billion tax liabilities.

Ogun tackles fed govt on VAT remittance, computation

The Ogun State government has asked the Federal Government to accord it the deserved recognition regarding the state of Value Added Tax being generated in the state compared to other states.

Recent Stories

Protest rocks Yenagoa as flood sweeps away two siblings

Protest on Sunday rocked Yenagoa, Bayelsa State capital, over the death of two brothers at Agudama area while trying to cross the flooded Epie Creek that stretched from Igbogene to Yenagoa.
Shanghai Shenhua forward. Odion Ighalo, has scored his first goal in the Chinese Super League since May when he left to represent Nigeria at 2019 Africa Cup of Nations.

Odion Ighalo keeps Shanghai alive in China

Shanghai Shenhua forward Odion Ighalo has scored his first goal in the Chinese Super League since May when he left to represent Nigeria at 2019 Africa Cup of Nations.

Kogi West elders endorse Governor Bello’s second term bid

Some leaders from the Kogi West Senatorial district have declared supporting Governor Yahaya Bello’s second term bid will better position the zone for the governorship position in 2023.

Purveyors of hate speech should not expect rest – minister

The Minister of Information and Culture, Alhaji Lai Mohammed, says no amount of attacks, sponsored or otherwise, will stop the implementation of approved recommendations on reform of broadcasting code.

No Nigerian bank is distressed – central bank chief

Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, yesterday, allayed fears on speculations of alleged insolvency in about seven banks following their failure to scale through a recent stressed conducted by industry regulators.