NEW INCOME TAX LAW: Ernst &Young harps on documentation compliance
Ernst and Young, EY, has emphasized the need for corporate entities to abide by the new income tax regulations, 2018, released by the Federal Inland Revenue Service (FIRS), as non-compliance attracts heavy penalty.
FG generated N269.79bn as VAT in Q1 2018 -NBS
The National Bureau of Statistics, NBS says the sum of N269.79billion was generated as Value Added Tax, VAT in the Q1 2018, as against N254.10bn generated in Q4 2017 and N221.38bn in Q1 2017.
Osun Govt. versus OAU: Untold story of tax brouhaha
OSOGBO—WHAT would have been a perfect denouement in the face-off between the Osun State Government and the authorities of Obafemi Awolowo University, OAU, Ile Ife, over unremitted taxes by the institution, has set a stage for a fresh round of controversies.
Union Bank posts N5.4bn profit before tax in Q1’18
Union Bank of Nigeria (UBN) Plc has recorded N5.4 billion profit before tax, PBT, for the first quarter, Q1, ended March 31, 2018, representing 16 percent increase compared to N4.7 billion recorded in Q1’17.
TAX DEFAULT: Why we unsealed OAU — OSUN GOVT
THE Osun State government, yesterday, explained the reason the Obafemi Awolowo University, OAU, Ile-Ife was unsealed barely one week after it was sealed by the government for non-remittance of taxes.
FG to harmonise tax payment nationwide – FIRS
The Federal Inland Revenue Service (FIRS) says it has started harmonising taxes in Nigeria as part of moves to reduce cases of multiple taxation.
