Tax evasion: ICPC seizes N14.7bn property from 32 firms
Soni Daniel – Abuja The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has seized 44 property valued at N14.7 billion belonging to 32 firms over tax evasion. The confiscated property, according to a statement by the Spokesperson to the commission, Mrs. Rasheedat Okoduwa, are made up of mansions, factory and 27 plots of […]
7.2% VAT will dampen Nigerians’ purchasing power, say financial experts
Some financial experts on Thursday said that Value Added Tax (VAT) increment by the Federal Government would further dampen purchasing power of Nigerians.
Tax yes, but structures first
NEWS of the query issued to Mr Tunde Fowler, the FIRS(Federal Inland Revenue Service) boss, has once again put the issue of tax in the country in the spotlight. The importance of taxation to a country’s development cannot be overemphasized, especially as without tax revenues the civil service will be grounded, and we know what that means.
Tax appeal tribunal resolves N1.5b Polaris bank, Abia govt logjam
ENUGU- The Tax Appeal tribunal for South East zone, sitting in Enugu, has reconciled the N1,528,205,878.88 tax assessment disagreement between Polaris Bank Plc and the Abia state Board of Internal Revenue.
22 tax officers compulsorily retired over corruption
All India Radio, on Monday, reported that the Indian government’s Central Board of Indirect Taxes & Customs (CBIC) has compulsorily retired 22 tax officers over corruption and other charges.
Linkage Assurance grows PAT by 16%
Linkage Assurance Plc said it recorded  16 percent growth in Profit after Tax, (PAT) for the half year ended June 30th 2019 (H1’19)
