By Johnbosco Agbakwuru THE Presidency last night said there are no provisions in the Finance Bill 2022 which is before the National Assembly compelling Nigerians to have a Tax Identification Number, TIN, in order to operate a bank account. Recall that news reports citing the bill had claimed that there is a provision in the […]

The National Action on Sugar Reduction Coalition (NASR) has called on the National Assembly to fast track the passage of the bill on tax on carbonated drinks.

The Federation Accounts Allocation Committee (FAAC), meeting has distributed the sum of N671.910 billion among the federal, states and local governments, amidst significant declines in the various tax revenues.

Perhaps more than any other time in her history, Nigeria needs non-oil revenues. With the prices of oil, her major resource and revenue earner, flagging since around 2014, the country’s need to look in other directions has assumed greater significance.

Muhammad Nami, the Chairman of the Federal Inland Revenue Service (FIRS), has said that only 41 million pay taxes in Nigeria out of the over 200 million population in the country

The Federal Inland Revenue Service, FIRS, has appointed Nigerian Deposit Money Banks as agents to freeze and recover the N1.8 trillion from accounts of MultiChoice Nigeria Limited (MCN) and MultiChoice Africa (MCA).

The Executive Chairman,  Nasarawa State Internal Revenue Service (NSIRS), Alhaji Ahmed Yakubu, has urged the people of the state to pay their taxes, to enable government to provide more dividends of democracy. Yakubu made the call on Wednesday, while speaking with newsmen in Lafia. He said that doing so would also ensure speedy development of […]

The Charted Institute of Taxation of Nigeria, CITN, has attributed the low tax culture among taxable adults and businesses in Nigeria to lack of accountability and transparency in the expenditure of tax money by tiers of government.  

.Tasks tiers of govt on accountability By Olasunkanmi Akoni The Charted Institute of Taxation of Nigeria, CITN, has blamed the low tax culture among taxable adults and businesses in Nigeria on lack of accountability and transparency in the expenditure of tax money by tiers of government. Chairman of CITN, Ikeja and District Society, Mr Funso […]

Since Wednesday, March 3, 2021, the sufferings of motorists and commuters of the decrepit Lagos-Badagry Expressway have quadrupled. Commercial drivers on that road have withdrawn their services several times in protest against extortion by union officials. Thousands of poor commuters on the Lagos-Badagry Expressway have been stranded, while many have resorted to taking commercial motorbikes […]

The Office of the Accountant General of the Federation (OAGF) and the Joint Tax Board (JTB) are to establish a Joint Reconciliation Team to reconcile variations observed in the monthly Pay As You Earn (PAYE) tax remittances

Britain is expected to keep vast emergency financial support propping up the UK’s virus-battered economy when unveiling its annual budget Wednesday, but could also raise tax to fight surging debt. “The key thing is right now to keep supporting the economy… but also level with people,” finance minister Rishi Sunak said Sunday, as Britain from […]

New York prosecutors investigating former president Donald Trump’s finances have received his tax returns following a marathon legal battle, a spokesman said Thursday. “Our office obtained the records on Monday,” Danny Frost, a spokesman for Manhattan District Attorney Cyrus Vance, told AFP. Vance’s office obtained the returns after the Supreme Court on Monday rejected a […]

By Clifford Ndujihe FORMER National Chairman of the All Progressives Grand Alliance, APGA, Senator Victor Umeh, poop-poohed claims by Senator Chris Ngige, minister of Labour and Employment, and leader of the All Progressives Congress, APC in Anambra State that APC was prepared to win the November 6 Anambra governorship election. Describing Ngige as a boastful […]

By Yinka Kolawole The Federal Government is set to shift focus from revenue collection to tax compliance under the second phase of its Strategic Revenue Growth Initiative (SRGI 2.0). Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, stated this yesterday, at a webinar on economic outlook organised by Delloite, an audit, consulting and […]