Independence address, endless promises no specifics
By Dele Sobowale Bayo Onanuga, the Senior Special Adviser to the President, accused critics of writing their responses without reading Tinubu’s address. That is certainly not true about me. In fact, the address was read to me by Uncle Sam, the Publisher of Vanguard, in his house – while asking for my comments on a […]
Why is OPS staying out of VAT dispute?
By Dele Sobowale The Value Added Tax, VAT, dispute has taken centre-stage in the nation’s political agenda. Rivers and Lagos states have challenged the right of the Federal Internal Revenue Service, FIRS, to collect VAT exclusively. Rivers State dragged the FIRS to a Federal High Court, FHC, in Port Harcourt and received a favourable decision in […]
I support FIRS on media tax
By Dele Sobowale Before the reader gets upset, let her/him remember that I also will be paying the Federal Inland Revenue Service, FIRS, media tax which this article supports. So, I am not promoting a measure from which I will be exempted. To be quite candid, the media tax is long overdue. The surprising thing to […]
NBS presents Q2’21 set-back as success
By Dele Sobowale “GDP rises 5% YoY; declines 0.80% QoQ” — News Report “There are three kinds of lies: lies, damned lies and statistics.” — Mark Twain, 1835-1910, Vanguard Book of Quotations (VBQ) p130 On August 26, 2021, the National Bureau of Statistics, NBS, served fellow Nigerians its own brand of statistics. It was the truth, deliberately […]
VAT WAR: Pyrrhic victory for states– 2
By Dele Sobowale If the position of Rivers State Government is sustained and replicated by other states, it will increase the cost and time required for compliance by businesses; in addition to the complexity of administering (Value Added Tax) VAT at the sub-national level such as treatment of international and inter-state transactions.” – Institute of Chartered […]
VAT WAR: PYRRHIC victory for states — 1
By Dele Sobowale “In this world, nothing can be said to be certain, except death and taxes.” Benjamin Franklin, 1706-1790, VANGUARD BOOK OF QUOTATIONS, p 241 Irrespective of what it is called — levies, rates, duty, surcharges, fees etc —everybody pays taxes, directly or indirectly, in one form or another. Since taxes involve money taken by […]
