MTN Nigeria asks tribunal to rule on tax treatment of $1 billion fine
MTN Nigeria has asked a Nigerian tax tribunal to rule on whether the company should pay corporate tax on a 330 billion naira ($1.1 billion) fine, a spokesman for the…
NASS raises concern over decrease in FIRS’ 2019 proposed non-oil revenue tax collection
National Assembly Joint Committee has raised concern over Federal Inland Revenue Service’s (FIRS) 2019 projected estimate of non oil revenue tax collection of N146.54 billion. The Co-chairman of the committee,…
FIRS generates 11% higher non-oil sector taxes to boost Q1, 2019 revenue
FIRS boss Babatunde Fowler The Federal Inland Revenue Service ((FIRS) generated N1.5 trillion revenue in the first quarter (Q1) of 2019, according to its Chairman, Mr Babatunde Fowler. Fowler disclosed…
SEC to infuse CMS into carrier subjects in basic, secondary schools in Nigeria
The Securities and Exchange Commission (SEC) says there are indications to infuse the proposed stand-alone curriculum on Capital Market Studies (CMS) into carrier subjects in Basic and Secondary Schools in…
Tax: Ongoing integration of database will increase payers to 45m –FIRS
FIRS boss, Babatunde Fowler 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, in…
FG directs relevant govt. agencies to come up with better funding strategies for MSMEs
The Federal Government on Monday in Abuja directed the Corporate Affairs Commission (CAC) to extend by three months, the special window for Micro Small and Medium Enterprises (MSMEs) registration in…
FAAC Disburse N1.92trn to 3 Tiers of Govts. in Q1, 2019 – NBS
The Federation Account Allocation Committee (FAAC) has disbursed N1.92 trillion to three tiers of government in first quarter of 2019, according to the National Bureau of Statistics (NBS). The NBS…
Lottery, Gaming Activities: Users to Pay 5% VAT on Each Transaction -FG
FIRS Boss, Babatunde Fowler The Federal Government has announced plans to charge Value Added Tax (VAT) on lottery and gaming activities. This was announced in Lagos at a stakeholders’ engagement…
FG to Commence Probe of 22 DMBs Over Stamp Duties Collection, Expects to Recover N100bn
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), says it will soon commence probe of banks over stamp duties collection as it expects to recover more than N100 billion from…
IGP Charges Newly Promoted Officers to Re-dedictate Themselves to Service
IGP Decorating DCP Frank Mba with the new rank The acting Inspector-General of Police ( I-G ), Mr Mohammed Adamu, has charged the newly promoted officers to rededicate themselves to…