Tax: firm decries illegal deductions
The management of Jothan Limited has alleged illegal deduction of tax for a contract awarded to the company by Chervon/Itsekiri Regional Development Council, IRDC to build a town hall at Eghoro community in Warri North Local Government Area of Delta State.
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.
Obaseki advocates non-punitive tax regime for local companies
The Edo State Governor, Mr. Godwin Obaseki, has made a strong case for more incentives for local companies, including a non-punitive tax regime to encourage more investments and boost the nation’s economic growth
Tax expert advises FG to adopt progressive taxation to boost revenue drive
A tax expert, Mr Abulazeez Musa, on Thursday advised the Federal Government to adopt progressive taxation system to boost revenue generation in order to enhance fairness in the country’s fiscal governance system.
No taxation, no representation: Can you demand what you haven’t contributed to build?
To be quite honest, much of our economic activity in Nigeria has questionable roots and borders on illicit doings
Rivers govt storms NDDC’s head office over alleged N600m tax debt
RIVERS State Government has stormed the Port Harcourt head office of Niger Delta Development Commission, NDDC, over alleged tax default totaling N600 million.
Double taxation: ATCON to make states telecom partners
Association of Telecom Companies of Nigeria, ATCON, yesterday said it has decided to change the method of engagement with the states over alleged arbitrary right of way RoW, levies and duplication of taxes against the telecom companies in Nigeria.
FG, telecoys, others owing us N12.5bn unpaid taxes — Osun govt
THE Osun State government has threatened to prosecute some Federal Government parastatals, telecommunications companies and construction firms accused of owing the state government well over N12.5 billion as un-remitted taxes.
Collection of tax from marine boat users not illegal — Uduaghan
The Delta State Commissioner for Transport, Mr. Vincent Uduaghan, has denied reports that his ministry is engaging in excess taxation of between N500 and N1500 as ticket levies and N50 per passenger for every boat trip.
NETCO posts N3.257bn profit before tax in 2017
THE National Engineering and Technical Company Limited (NETCO) recorded a profit before tax of N3.257 billion for 2017 financial year.
Groups decry excessive taxation on young entrepreneurs by Ebonyi govt
A cross section of youth groups in Ebonyi have decried the multiple taxation imposed by the state government on young entrepreneurs.
VC calls for strengthening of Nigeria’s tax system, administration
The Vice Chancellor of Kaduna State University, Prof. Muhammad Tanko, says Nigeria must strengthen its tax system to gain maximally from it.
Wike moves against multiple taxation
GOVERNOR Nyesom Wike of Rivers State, yesterday flagged off the Rivers State Tax Management, RIVTAMIS, aimed at eliminating multiple taxation to enhance ease of doing business in Rivers State.
