The National Bureau of Statistics (NBS) says that N246.30 billion was generated as Value Added Tax (VAT) in the second quarter of the year. The bureau gave the figure in its `Sectoral Distribution of Value Added Tax’’ for the Second Quarter released on Friday in Abuja. It stated that the value generated in the quarter was […]
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The Federal Inland Revenue Service (FIRS) has accused Integrated Logistics Services (Intels), the organisation co-founded by former Vice-President Atiku Abubakar and Gabriele Volpi, an Italian national, of not paying taxes. This is coming one week after the company made the headlines over the termination of its pilotage agreement with the Nigerian Port Authority (NPA), the […]
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If you have received huge sum of money in the last five years without paying commensurate taxes and you are yet to take advantage of the tax amnesty programme, the government is coming for you. In a statement issued on Tuesday, the finance ministry said the Voluntary Assets and Income Declaration Scheme (VAIDS) has commenced […]
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The joint tax board (JTB) and the Federal Inland Revenue Service (FIRS) have started sharing information of high net worth individuals to profile their income and tax payments. Speaking at the 138th meeting of the JTB on Sunday, Babatunde Fowler, executive chairman of the FIRS, said 12 states have signed the memorandum of understanding under […]
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The Governor of Edo State, Mr. Godwin Obaseki, has said that all the revenues collected by his administration as tax are used for the execution of capital projects across the state. The governor made the disclosure while playing host to the President and Chairman of Council, Chartered Institute of Taxation of Nigeria (CITN), Chief Cyril […]
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The federal government is at the final stage of its plan to tax first class and business class air tickets alongside other luxury goods in the country. This minister of finance, Kemi Adeosun, made this disclosure while responding to questions from Nigerians on Thursday morning via Facebook. Addressing the question, the finance minister, “I think yes.” “We’ve […]
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It is understood that Cristiano Ronaldo wants to leave Real Madrid because he does not want to play in Spain any more. The former Manchester United man is not happy about the way he has been treated by Spanish tax authorities and has told Real he wants a move away from the club. Spanish prosecutors […]
Continue ReadingSome financial experts on Wednesday urged the Federal Government to strengthen taxes and levies collections to sustain the increase in the nation’s non-oil revenue generation. They told the News Agency of Nigeria (NAN) in Lagos that government should tighten the existing loopholes in that sector to bridge the dwindling revenue from oil. The experts were […]
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