Tag: TAX
Tax exception: Policy won’t encourage local rice cultivation – Farmers
The Rice Farmers Association of Nigeria (RIFAN) has said the new tax exception for rice imports will not encourage local cultivation.
NAN reports that the...
Tax exemption will propel local production of medicines, says group
The Tinubu Stakeholders Forum (TSF) on Thursday commended President Bola Tinubu’s signing of an executive order aimed at increasing local production of pharmaceuticals, diagnostics,...
Group urges anti-graft agencies to investigate alleged tax corruption in NSITF
The Transparency and Accountability Group(TAG), a civil society coalition against corruption, has called on anti-corruption agencies to probe the Nigerian Social Insurance Trust Fund...
FG restates commitment to revamp tax system
Vice-President Kashim Shettima has restated the commitment of President Bola Tinubu’s administration to revamp the nation’s tax system without overburdening Nigerians.
Shettima made the pledge...
Institute tasks govt on transparent, efficient tax system
The Chartered Institute of Taxation of Nigeria (CITN), has urged government at all levels to ensure judicious utilisation of tax to improve citizens’ wellbeing.
The...
Nigeria needs coalition for health tax policy – DGI Consult
A strong coalition among health stakeholders is necessary for a functional health tax policy in Nigeria.
Dr Gafar Alawode, Managing Partner at Development Governance International...
FCT-IRS seals school, hotel, others over tax evasion
The Federal Capital Territory Internal Revenue Service (FCT-IRS) has sealed Regency Hotels, a school and three business premises in the capital city for tax...
NECA worries over legacy of taxes on businesses
The Nigeria Employers’ Consultative Association (NECA) has expressed dissatisfaction over some of the provisions of the financial bill including the increased Tertiary Education Tax...
Donald Trump’s tax returns released, launching fresh scrutiny of his finances
House Democrats released several years’ worth of Donald Trump’s tax returns on Friday, a watershed in their long battle to pry the information loose...
Delta urges taxpayers on prompt annual tax returns
Delta Government has charged business owners, corporate organisations on the need to file their annual tax returns for the year 2022 for assessment as...
A Measured Approach to E-Cigarette Taxation Is Essential
RIYADH, Saudi Arabia — RELX International, a responsible multinational electronic cigarette company, is cautioning authorities against increasing the customs duties levied on e-cigarette products.
A...
South-South Governors resolve to join VAT suit in Supreme Court
Governors of South-South states, on Monday, resolved to join the suit currently before the Supreme Court over the collection of Value Added Tax (VAT).
The VAT...
VAT: Appeal Court restrains Lagos, Rivers from collections
The Court of Appeal sitting in Abuja has halted the Rivers State government from collecting Value Added Taxes VAT until all legal disputes relating...
MultiChoice denies tax evasion accusation
Multichoice, South African digital television has denied the accusation from the Federal Inland Revenue Service (FIRS) that it dodged tax and had an outstanding...
IGR: Lagos tops other states with N418.99bn in 2020
Lagos State topped other states of the federation, including the Federal Capital Territory (FCT), in Internally Generated Revenue (IGR) in 2020, realising a total...
Tax Appeal Tribunal orders Union Bank to pay Cross River N56.6m
The Cross River Internal Revenue Service (CRIRS) has won a landmark case instituted against it by Union Bank Plc before the Tax Appeal Tribunal...
Trump makes another move on tax returns
U.S. President Donald Trump on Monday launched a fresh legal bid to stop a New York district attorney from obtaining his tax returns.
The move...
