Browsing Tag

tax

DisCos pay all applicable taxes – ANED

The Association of Nigerian Electricity Distributors (ANED), says Electricity Distribution Companies (DisCos) do not default  in payment of applicable taxes to government. ANED’s Executive Director ,Research and Advocacy ,Mr Sunday…

UN Special Rapporteur urges Nigeria to tax vacant houses

Ms Leilana Fartha, UN Special Rapporteur on the Rights to Adequate Housing, on Monday urged the Federal Government to impose vacant home tax with a view to addressing housing challenges in the country. Fartha at a news conference in…

FIRS discloses N97.7b earnings from tax defaulters

The Federal Inland Revenue Service (FIRS), has raked in N97.7 billion from tax defaulters since it directed banks to put a lien on their accounts, it's Executive Chairman, Mr Tunde Fowler, said on Wednesday in Abuja. Fowler disclosed…

NSE: Capital Market operators decry restoration of VAT

Capital market operators on Tuesday said that restoration of Value Added Tax (VAT) on capital market transactions would discourage investors from the market and weaken financial inclusion drive of the Federal Government. The operators…

France faces Donald Trump on planned taxation

France won’t back off from its planned tax on companies like Facebook and Google, even after the US suggested it may use trade tools against the levy. The French senate passed a bill to impose a three per cent  levy on global tech…

Facebook, Google & Others may soon start to pay tax

Digital companies such as Facebook and Google will soon have to pay taxes regardless of their physical presence or measured profits in a country after G20 finance ministers agreed to accelerate a radical shake-up of cross-border corporate…

Spain: Shakira in court over tax fraud accusation

Pop singer Shakira appeared in a Spanish court today to answer to tax fraud charges, with prosecutors accusing her of failing to pay up to 14.5 million euros ($16.29 million) in tax on income earned between 2012 and 2014. Shakira…

Tax: Court renews Jay Jay Okocha’s arrest warrant

A Lagos State prosecutor, Y. A. Pitan, has told an Igbosere High Court in Lagos that former Super Eagles captain, Austin Okocha, has not liquidated the alleged tax debt he owed the state. Mrs Pitan told Justice Adebayo Akintoye on…

US House subpoenas Donald Trump’s tax papers

U.S. House Ways and Means Committee Chairman Richard Neal on Friday issued subpoenas for six years of President Donald Trump’s individual and business tax returns. Neal, a Democrat, announced the move four days after Treasury…

Tax: Shell Petroleum remits $6.3b to Nigeria

Shell Petroleum Development Company (SPDC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo) remitted $6.3 billion in 2018 to the Nigerian government. The money which represented tax and production entitlement for…

China cuts taxes, jacks military spending to $180b

China’s premier warned Tuesday that the country faces a “tough struggle” as he unveiled tax cuts to prop up a stuttering economy while increasing military spending to nearly $180 billion. The slowdown and US trade war have become major…

Ghana queries Her own Tax Exemption Polici

Ghana: Akufo-Addo no longer happy with tax exemption Ghana is no longer comfortable with its tax exemption policy and that the policy is gradually becoming a menace to the country’s fiscal stability. President Nana Akufo-Addo also…

Nigerian Telecoms Operators seek Review of Taxes & Levies

Telecoms operators seek review of taxes, levies The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has urged the Federal Government to look into the “Tax and Levy Amended Order 2015’’. The Executive Secretary of…

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