The FCT-IRS explained that the closure of the premises was in line with a court order. The post FCT tax agency seals off school, hotel, others appeared first on Premium Times Nigeria. Powered by WPeMatico
Tax: Court orders FCT revenue agency to seal off defaulting companies
A Magistrate Court sitting in Wuse Zone 2, Abuja, on Friday ordered the Federal Capital Territory Internal Revenue Service, FCT-IRS, to seal off a company, Ifedi A.K. Nigeria Ltd, over allegations bordering on non-filing of annual returns. The Magistrate, Janada Balami, gave the order after lawyer to FCT-IRS, Michael Towolawi, moved an application to the […]
Recapitalisation: How Access Bank will meet CBN’s directive – Aig-Imoukhuede
The Central Bank of Nigeria (CBN), on 29 March, directed commercial banks in Nigeria with international authorisation to shore up their capital base to N500 billion. The post Recapitalisation: How Access Bank will meet CBN’s directive – Aig-Imoukhuede appeared first on Premium Times Nigeria. Powered by WPeMatico
35 illegal tax collectors facing prosecution – Benue IRS
The Acting Chairman of the Benue State Internal Revenue Service (BIRS), Emmanuel Agena, has revealed that 35 persons involved in illegal tax collection in the state are currently facing prosecution. Agena announced that the agency has set an ambitious target to generate over N16 billion in revenue for the year 2024 following the successful surpassing […]
Don’t tax vegetable sellers, Nigerian governor warns revenue officers
Ebonyi: Don’t tax vegetable sellers, petty traders – Gov Nwifuru warns revenue collectors
Governor Francis Nwifuru of Ebonyi State has cautioned revenue collectors against collecting taxes from vegetable sellers and other petty traders. This warning was contained in a statement issued by the governor’s Chief Press Secretary, Dr. Monday Uzor, in Abakaliki on Wednesday. He stated that the governor dropped the hint during the swearing-in of members of […]
Company Income Tax drops by 35% in Q4 2023
Company Income Tax in Nigeria dropped by 35.40 per cent to N1.13 trillion in the fourth quarter of 2023 from N1.75 trillion recorded in Q3. The National Bureau of Statistics disclosed this in its CIT data for Q4, which was published on Thursday on its website. The report showed that local payments received were N533.93 […]
Tax Crimes Commission Bill passes 2nd reading in House of Reps
A bill for an Act to set up the National Tax Crimes and Oversight Commission on Wednesday passed a second reading in the House of Representatives. This followed the presentation on the general principles of the bill by the sponsor and Deputy Speaker of the House, Benjamin Kalu at plenary. While presenting the bill sponsored […]
Group demands review of Sugar-Sweetened Beverages Tax from N10 to N130 per litre
The Corporate Accountability and Public Participation Africa, CAPPA, has called for an upward review of Sugar-Sweetened Beverages (SSBs) tax from N10 to N130 per litre. Executive Director of the group, Akinbode Oluwafemi, made the call on Monday in Abuja at the public presentation of the simulation study of the “Potential Fiscal and Public Health Effects […]
FIRS clarifies stand on taxing content creators
The Federal Inland Revenue Service, FIRS, says it has no plans to tax online content creators. According to a staff of the agency who spoke to NAN anonymously, skit makers are individuals who do not fall within the purview of the FIRS. “FIRS does not tax Personal Income Tax; State governments do. “FIRS collects Company […]