Tax incentive to Dangote and our failed Federal Govt
Milton Friedman must have had the Federal Government of Nigeria in mind when he penned the above words. Just like Obafemi Awolowo rightly warned against unitary Nigeria in his book 'Thoughts on The Nigerian Constitution' in 1967, the Federal Government of Nigeria is now afflicted with ashes touch. Said Awo: 'Besides, it is not difficult to forecast that the work of government in Nigeria under a unitary constitution is bound to become unduly complex, inextricably tangled,extremely unwieldy and wasteful, and productive of disunity and discontent amongst the people. Unless we have veritable supermen at the helm of affairs,the administrative machinery would eventually disintegrate and break down under the crushing weight of 'bureaucratic centralism'.
FG to recruit 7,500 graduates as tax advocates
The Federal Government says will recruit 7,500 graduates as Community Tax Liaison Officers to raise tax awareness among citizens.
Automation of land, tax, justice administration underway – Ambode
Lagos State Governor, Mr Akinwunmi Ambode on Thursday revealed strategies being adopted towards moving the State from mega city to smart city, just as he said that his administration has put in place policy framework for a technology-driven land administration and mapping, tax administration and justice administration.
Anti-corruption war: FG seeks review of CCT, Tax Laws
THE Federal Government yesterday directed the Nigerian Law Reform Commission, NLRC, to review statutes relating to the Code of Conduct Tribunal, CCT, and the Tax Appeal Tribunal, so as to reposition the institutions to be “more efficient, effective and alive to their responsibilities.”
Expert urge Nigerians to demand accountability for taxes paid
Mrs Morenike Babington-Ashaye, a former chairman of Ogun State Internal Revenue Service, has called on Nigerians to demand for accountability, transparency and good governance over the administration of the taxes they pay.
Huge tax burden hurts May & Baker’s bottom-line
MAY & Baker Nigeria Plc recorded growth in its operating profit for the financial year 2016 as it surged by 25.2 per cent to N820.87 million from N655.80 million in 2015.
Nigerians can now file tax returns online —FIRS
Individuals and corporate organisations in the country can now file their tax returns online.
Benue varisty shut over N2.3bn tax
Benue State Internal Revenue Service, BIRS, has sealed up the Federal University of Agriculture, Makurdi, FUAM, over unremitted N2.3 billion Personal Income Tax, PIT.
Only 214 wealthy Nigerians pay tax in excess of N20m
In a country of about 180 million people, only 214 individuals pay their taxes, Federal government lamented on Thursday.
Taming super-rich tax dodgers
A recent report by the Federal Internal Revenue Service (FIRS) and the Joint Tax Board (JTB) revealed that only 40 super-rich Nigerians pay correct taxes on their incomes. The report, apart from being incomplete, merely revealed the extent to which governments of Nigeria (both federal and the states), the FIRS and the JTB have failed Nigerians over the years
FG tackles Sen. Bruce, says no plan to increase tax
The Federal Government has denied speculations that it was planning to increase taxes, saying while it “is working towards increasing its internally generated revenue through broadening its tax base”, it does not have any intention of increasing taxes.
Recession: FEC approves new tax national policy
In a bid to find urgent solution to the dripping economy, the Federal Government has approved a new tax regime.
We need effective tax system to rejuvenate economy in 2017 – Jibrin Musa
As experts raise issues on 2017 budget and measures needed to accerelate growth in the economy this year, trade facilitators are calling on effective taxation system, as one of the ways to boost growth in the system.
Scandal: Only 13.4 million Nigerians pay tax
The news came like a thunderbolt, and it is almost unbelievable, at least to those who are exposed to the normal ways governments are run in other climes. Chairman of the Federal Inland Revenue, Mr Babatunde Fowler, has disclosed that only 13.4 million, or about 16 per cent of an estimated population of 180 million Nigerians (out of which about 80 per cent are adults) pay their taxes.
Katsina State Govt. to sanction Glo telecom over alleged tax default
The Katsina State Urban and Regional Planning Board (KURPB), has threatened to seal 150 sites belonging to Glo telecommunications in the state for allegedly default in the payment of tenement rates to the government.
Tax: well done, FIRS
The Federation Account Allocation Committee (FAAC) meeting for June 2016 revenue distribution was delightful on account of the huge surge in resources shared amongst the tiers of government. A total of N559 billion was shared as against N305 billion in the previous month.
