Tag: Tax

Indonesia Imposes 10% VAT on Amazon, Google, Netflix, Spotify

Tanimu- July 7, 2020

Indonesia imposed a 10 percent Value-Added Tax (VAT) on sales by technology firms including Amazon, Netflix, Spotify, and Google on Tuesday, as spending patterns shift ... Read More

Taxpayers in Nigeria Hit 45m Soon–FIRS

Henry Solomon- May 7, 2019

The Federal Inland Revenue Service (FIRS) says the country’s taxpayers will soon increase to 45 million. Mr Wahab Gbadamosi, the Head, Communications and SERVICOM Department, ... Read More

People will pay tax if govt. provides commensurate infrastructure, services — Institute

Arowobusoye Samuel- December 23, 2018

The Chartered Institute of Taxation of Nigeria (CITN), said that more Nigerians would pay their taxes if only government would leave up to its responsibility ... Read More

U.S Show Massive Support for Sports Betting

Arowobusoye Samuel- May 18, 2018

Half of Americans favour legalising sports betting across the U. S., largely because they support the additional tax revenue it could bring for states, according ... Read More

Lagos Chamber Kicks Against Increase in Land Use Charge, other Taxes

Arowobusoye Samuel- March 8, 2018

The Lagos Chamber of Commerce and Industry (LCCI), says the burden of tax is threatening the existence of businesses in Lagos State. Mr Muda Yusuf, ... Read More

130,000 Nigerians Identified That Have Potential Tax Underpayments

Tanimu- March 7, 2018

The Federal Ministry of Finance's data mining efforts - domiciled in what we call Project Lighthouse - have identified a new batch of more than ... Read More

Minister of Finance to Address UN, OECD’s Conference on Tax, Revenue Leakages

Tanimu- February 14, 2018

Oluyinka Akintunde, Abuja: The Honourable Minister of Finance, Mrs. Kemi Adeosun, has been invited by the Organisation for Economic Cooperation and Development to speak at ... Read More

FG Rolls Out Incentives for Economic Growth

Henry Solomon- November 9, 2017

The Federal Government has developed incentives for the various sector of the economy to accelerate growth, the Minister of State for Labour and Employment, Prof. ... Read More

Nigerian Startups To Enjoy Tax Holiday – NITDA

Tanimu- October 9, 2017

Impressed with the products and solutions of the 10 Nigerian Startups sponsored by the National Information Technology Development Agency ( NITDA) to compete at the ... Read More

9 Takeaways From Launch of #VAIDS at the State House

Arowobusoye Samuel- June 29, 2017

1. The Voluntary Assets and Income Declaration Scheme (VAIDS) will last from July 1, 2017 to March 31, 2018. 2. VAIDS will be supported by ... Read More

Ag. President Osinbajo Signed Executive Order on Tax Payment Nationwide

Arowobusoye Samuel- June 29, 2017

Acting President, Prof. Yemi Osinbajo signed an Executive Order to back the Voluntary Asset and Income Declaration Scheme.  This was done during the formal launch of ... Read More

RMAFC Endorses New National Tax Policy

Suleiman Idris- February 9, 2017

The Revenue Mobilization Allocation and Fiscal Commission has endorsed the new National Tax Policy recently announced by the Federal Government to shore up Nigeria’s dwindling ... Read More

Nigerian Tax Roll Hits 13 Million – Says FIRS

Suleiman Idris- January 24, 2017

FIRS Director State tax authorities have added 3, 414, 496 million new taxpayers, to the national tax register under six months, it was learnt yesterday. ... Read More

NPDC Remits Over $608m As Royalty and Petroleum Tax In 2016

Tanimu- January 12, 2017

Ndu Ughamadu, Abuja: The Nigerian Petroleum Development Company, NPDC, the upstream subsidiary Company of the Nigerian National Petroleum Corporation, NNPC, has provided clarification on the ... Read More

Tax Laws Will Be Examined to Improve Ease of Doing Business

Tanimu- October 12, 2016

President of the Senate, Dr. Abubakar Bukola Saraki on Tuesday stated that the 8th Senate will work to streamline Tax, Nigeria’s multiple taxation systems to ... Read More

FG restates commitment to discipline,, accountability in spending public funds

Abdul Jimoh- July 14, 2016

Minister of Finance  The Federal Government said it would continue to ensure discipline and accountability in the spending of public funds. The Minister of Finance, ... Read More

Reps Move To Cut Executive’s Power To Increase Taxes

Henry Solomon- May 20, 2016

A bill to prohibit the executive and judiciary from legislating on matters of taxes and tariffs without passing through National Assembly passed second reading on ... Read More

Fashola: Lokoja-Obajana-Ilorin Road is Tax Incentives not Dangote-Targeted Policy

Arowobusoye Samuel- May 18, 2016

Minister of Power, Works and Housing , Mr. B.R Fashola Federal Executive Council (FEC) yesterday approved the proposal for one of Aliko Dangote's subsidiary companies(the ... Read More

House of Reps Queries FIRS For N7.5b Tax Withhold

Tanimu- April 21, 2016

The House of Representatives Ad-hoc Committee investigating accounting procedures of Federal Inland Revenue Service (FIRS) has queried the decision of FIRS to withhold tax refund ... Read More

FIRS To Collect 80% Of Revenue Before The Year Ends, Targets N4.9trn In 2016

Henry Solomon- April 12, 2016

The Federal Inland Revenue Service (FIRS) says it is targeting a revenue of N4.9 trillion in 2016. Chairman of FIRS, Mr Tunde Fowler, made this ... Read More