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Tax drive: Oyo govt seals off Obasanjo farms, three publishing firms, 12 others

If corruption is not dealt with soon, Nigeria will die – Oyebode

THE tax drive of Oyo State government continued on Tuesday as the task team seal off agricultural produce farms belonging to former president Olusegun Obasanjo, (Obasanjo Farms), at Oluyole Industrial Estate, Ibadan, Evans Publishers, Heinemann […]
The post Tax drive: Oyo govt seals off Obasanjo farms, three publishing firms, 12 others appeared first on Tribune. …

Oyo shuts banks in Ibadan over tax default

Oyo shuts banks in Ibadan over tax default

The Oyo State Government yesterday shut down no fewer than 20 branches of 13 banks in Ibadan for failure to pay their annual environmental development levy. The State Inter-Ministerial Enforcement Unit that carried out the operation arrived the affected banks about 9am and stopped their operations after placing sealed notices on the property. The Guardian […] …

Increase tax revenue to fund education, Actionaid tasks govt

The Country Director, Actionaid Nigeria, Mrs Ene Obi has urged federal and state governments to take decisive steps to increase the funds allocated to the education sector in order to improve the quality of education.
Continue reading Increase tax revenue to fund education, Actionaid tasks govt at Vanguard News. …

FG woos investors to telecoms sector with 30% cut in company income tax

FG woos investors to telecoms sector with 30% cut in company income tax

Investors coming into Nigeria, especially the telecommunications sector, have been guaranteed a 30 per cent cut in company income tax payment payable to the government. Besides, there will be relaxation of monetary and fiscal policies; access to foreign exchange; reduction in waivers and Custom Duties and be opened to improved ease of doing business. Executive […] …

FIRS set to commence audit of taxpayers nationwide — Fowler

FIRS set to commence audit of taxpayers nationwide — Fowler

Mr Tunde Fowler, Executive Chairman, Federal Inland Revenue Service, on Thursday said that the agency would soon commence the audit of taxpayers across the country. Fowler stated this in Lagos while delivering a keynote address at a stakeholders meeting on “Tax Administration and National Revenue’’. The News Agency of Nigeria reports that the stakeholders’ meeting […] …

Tax burden scares MSMEs from registering businesses

NPFL: Matchday 34 results

Most Micro, Small and Medium Enterprises (MSMEs) in Nigeria are scared of registering their businesses due to fear of tax burden, Prince Degun Agboade, President of Nigeria Association of Small and Medium Enterprises (NASME) has said.
Continue reading Tax burden scares MSMEs from registering businesses at Vanguard News. …

Tax remittance: ABCON kicks as banks suspend BDCs’ accounts

Tax remittance: ABCON kicks as banks suspend BDCs’ accounts

Nike Popoola The Association of Bureau De Change Operators of Nigeria has kicked against ongoing banks’ suspension of bureau de change accounts, demanding for tax remittances on turnover volumes. In a statement on Thursday, the President, ABCON, Alhaji Aminu Gwadabe, said banks were acting under the directive of the Federal Inland Revenue Service to demand […] …

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