Over-inflation of property prices hindering payment of property tax –Don
Dr Josephine Agbonika, a law lecturer says many property owners in Nigeria are unable to pay taxes on them because they over-inflate the prices of the properties.
Co-opt trusted monarchs in tax collection, Oluwo tells Govt
THE Oluwo of Iwo, Oba Abdulrasheed Adewale Akanbi, has advised government at all levels to co-opt traditional rulers in effective tax collection.
VAIDS: NASME holds tax compliance clinic for MSMEs
The Nigerian Association of Small and Medium Enterprises (NASME) has called on Micro, Small and Medium Enterprises (MSMEs) to take advantage of opportunities offered tax payers through the Voluntary Asset and Income Declaration Scheme (VAIDS) to regularize their tax status by June 30 2018 to avoid prosecution for tax offences.
MDAs to authenticate tax clearance certificates before payment – Adeosun
The Minister of Finance, Mrs Kemi Adeosun, has directed Ministries, Departments and Agencies (MDAs) to authenticate Tax Clearance Certificates (TCCs) presented by companies and individuals for public procurement before making any payment.
Expert advocates block chain technology to curb tax fraud
Mr Abikure Tega, the Chief Executive of Kurecion Foundation, has called for the use of block chain technology to address fraud in the country´s taxation system.
Rand Merchant Bank Conference: IMF outlines strategy to improve tax
The International Monetary Fund (IMF), yesterday, said Nigeria must improve on its tax administration and policy in order to achieve the target of 15 percent tax revenue to Gross Domestic Product (GDP) ratio over a five year period, as stipulated in the Economic Recovery and Growth Plan (ERGP).
Increased taxes on alcohic beverages: NGO coalition takes protest to NASS
A coalition of non-governmental organisations (NGOs) comprising of the Business Renaissance Group (BRG) and Sustained Development Collective (SDC) have called on the National Assembly to urgently intervene by reversing the planned increase in excise duty on alcoholic beverages and tobacco products by the Fede ral Government.
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.
