Tax System in Nigeria: Issues and Challenges

Tax System in Nigeria: Issues and Challenges

The Nigerian tax system has undergone several reforms geared at enhancing tax collection and administration with minimal enforcement cost. The recent reforms include the introduction of TIN, (unique Taxpayer’s Identification Number which became effective since February 2008), automated tax system that facilities tracking of tax positions and issues by individual taxpayers, e-payment system which enhances smooth payment procedure and reduces the incidence of tax touts, enforcement scheme (Special Purpose Tax officers), these are special tax officers in collaboration with other security agencies to ensure strict compliance in payment of taxes.
Visible Articles 5 10 15
Dimeji Bankole not qualified to be Ogun gov – Kashamu

Dimeji Bankole not qualified to be Ogun gov – Kashamu

Chairman of Mobilisation and Organisation Committee of the People’s Democratic Party, PDP, in South West, Prince Buruji Kashamu has faulted the governorship ambition of former Speaker of House of Representatives, Dimeji Bankole, saying he is not qualified to be next governor of the state.

FG earmarks $1bn to fight oil theft, pipeline vandals, others

FG earmarks $1bn to fight oil theft, pipeline vandals, others

BY BEN AGANDE Abuja—President Goodluck Jonathan has revealed that the Federal Government has earmarked one billion U.S Dollars for the implementation of a comprehensive programme to check crude oil theft, the vandalism of oil and gas infrastructure, and the apprehension and prosecution of crude oil thieves. He made this disclosure when he met with the […]

Court registrar bags 3-yr jail term over N80,000 bribe

Court registrar bags 3-yr jail term over N80,000 bribe

The Registrar of a Magistrate’s Court in Enugu State has been sentenced to three years imprisonment for demanding bribe in the course of discharging his official duty.
Anikwu Ifesinachi was convicted and sentenced by Justice A. A. Nwobodo of Enugu High Court without an option of fine.

Competency test: Teachers to file contempt proceedings against Edo govt

Competency test: Teachers to file contempt proceedings against Edo govt

FOR going ahead with the competency test for secondary and primary schools in the state, despite a court order stopping same, counsel to Academic Staff Union of Secondary Schools, ASSUS, Mr. Olayiwola Afolabi, is to file contempt proceeding against Edo State Attorney General and Commissioner for Justice, Mr. Henry Idahagbon.

NIS tragedy: Any hope for unemployed graduates?

NIS tragedy: Any hope for unemployed graduates?

As a student, I still have the fear of tomorrow after graduation if one could get a job or die while searching for non-existing vacancy.

In fact, as many have lately observed, we are now sitting on a time-bomb when millions are unemployed. A 2012 survey by the National Bureau of Statistics put Nigeria’s youth unemployment figure at 54 percent. This means one out of every two young people who should be gainfully employed is unemployed. That’s frustrating and scary.

Sanusi and the missing $20bn

Sanusi and the missing $20bn

The embattled CBN Governor, Mr Lamido Sanusi has never cut a popular figure in the socio-economic/political environment of the nation’s polity. He has in the past pitted himself against unnecessary narcissist indulgences ranging from meddling in issues of national security regarding Boko Haram, to attacks on high profile and respectable Nigerian Christian leaders like Pastor Enoch Adeboye. As enraged as I was with his attack against Adeboye, I must put away sentiments and personal loyalty and my dislike for the CBN governor in considering a burning national issue of great international dimensions to our nation and its citizens. This is not about Sanusi, this is about an alleged missing $20b (twenty billion US dollars) from the nation’s account.