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Paris Club refund: FG puts total disbursement to states at $5.4bn

Paris Club refund: FG puts total disbursement to states at $5.4bn

Minister of Finance Mrs Zainab Ahmed said an additional N488 billion has been refunded to states to undertake Federal Government projects. Uche Usim, Abuja Federal Government said it has disbursed $5.4 billion to states from the Paris Club excess deductions refund. Minister of Finance Mrs Zainab Ahmed, who made the disclosure during the maiden quarterly […]
The post Paris Club refund: FG puts total disbursement to states at $5.4bn appeared first on The Sun Nigeria. …

IN DETAIL: Nigerians now to pay tax on foreign income and assets — or face the law

IN DETAIL: Nigerians now to pay tax on foreign income and assets — or face the law

President Muhammadu Buhari on Wednesday signed an executive order directing Nigerian taxpayers to voluntarily declare and pay tax on their offshore assets. The new executive order No. 8 is tagged
The post IN DETAIL: Nigerians now to pay tax on foreign income and assets — or face the law appeared first on TheCable. …

FG uncovers 114 coys in property fraud

FG uncovers 114 coys in property fraud

Uche Usim, Abuja The Federal Government has uncovered 114 companies neck deep in shady land deals, even as it raked in N1.173 billion in tax revenues from January till date.  The Executive Chairman, Federal Inland Revenue Services (FIRS), Tunde Fowler, made the disclosures in Abuja on Thursday at the the African Union high level panel […]
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Economy in dire straits as CBN alerts of 2nd recession in 2 years

Economy in dire straits as CBN alerts of 2nd recession in 2 years

Uche Usim, Abuja The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), last week raised the red flag that the economy was treading precariously on the path to another recession. The CBN Governor, Godwin Emefiele, who read the communique after the 263rd MPC meeting held in Abuja explained that the economy slowed […]
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After VAIDS comes Sanctions:

After VAIDS comes Sanctions:

The Voluntary Assets and Income Declaration Scheme (VAID) will officially be wrapped up this weekend. Assistant Editor, Nduka Chiejina reports on the journey of the Scheme, the sanctions and government’s appeal to tax payers to take advantage of the amnesty window before the big stick wielded. Upon expiration of VAIDS at the end of thisRead More
The post After VAIDS comes Sanctions: appeared first on The Nation Nigeria. …

VAIDS: EFCC, FIRS begin recovery of unpaid taxes from July 1

VAIDS: EFCC, FIRS begin recovery of unpaid taxes from July 1

The Voluntary Assets and Income Declaration Scheme will come to an end on June 30. In this piece, IFEANYI ONUBA examines the level of compliance and the strategies of the government to prosecute tax offenders after the expiration of the amnesty programme As the tax amnesty programme under the Voluntary Assets and Income Declaration Scheme […] …

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