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Senate directs Committees to investigate non-remittance of taxes to state governments

The Senate on Tuesday directed its Committees on Banking, Insurance and other Financial Institutions and Finance to investigate non-remittance of taxes on bank deposits and dividends payment due to state governments. The upper legislative chamber also mandated the committees to ensure that all withholding tax revenues on both bank deposits and dividends are recovered while
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Electricity

Taxes: You lied, DISCOs fault PwC

The Association of Nigerian Electricity Distributors, ANED, described reports credited to PriceWaterhouse Coopers, PwC, that no DISCO has paid any tax to the Federal Government since the privatisation of power assets in 2013 as misleading, incorrect and lacked in facts.

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VAT

Menace of taxes and levies on business owners

THE inability of government at all levels – Federal, state and local government- to provide jobs for the teeming population has long called for alternative means of livelihood for unemployed people in Nigeria. This has led to the establishment of different business ventures, ranging from vocational-oriented, artisanship and experimentation with different business ideas as such occurs to the individual. This has paved way for employment generation through engagement of assistants, where needed, thus reducing unemployment and crime rates in the society.

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