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Tag: Tax
Top 5 Stories Of The Day | Senate President Godswill Akpabio Alleges That Only 30% Nigerians Pay Tax
Senate President Godswill Akpabio alleges that only 30% Nigerians pay tax Multichoice raises its subscription fees as DSTV Premiums goes for ₦44k IPMAN threatens to strike, demands for ₦100 billion…
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Senate Passes President Tinubu’s Tax Reform Bill
The Senate has passed the Tax Reform Bill introduced by President Bola Tinubu into law. The bill was first presented by Senate Leader Opeyemi Bamidele and has officially been passed…
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God has given me the capacity to crush my enemies – Wike; I’m bigger than Headies, BNXN – Portable | 5 Things That Should Matter Today
God has given me the capacity to crush my enemies - WikeFG suspends 5% tax on telecom servicesKyari denies ownership of shopping mall, estate, othersBuilding collapse: Four more corpses recovered,…
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Nigerians will be charged extra for phone, SMS, and data services as FG plans to raise tax to 12.5%
The Federal Government intends to apply a 5% inclusive excise charge on telecommunications services in Nigeria, raising the tax on telecommunications services to 12.5%. The Minister of Finance, Budget, and…
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Why FG’s planned VAT rate increase will do more harm than good
As part of the Federal Government’s revenue generation plan, the Minister of Finance, Budget and National Planning, Zainab Shamsuna Ahmed, announced the intention to increase the rate of Value Added…
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Is it too much to ask for integrity from Nigeria’s 2019 presidential candidates?
Once again, Nigeria is at that auspicious moment where it is expected to choose its next set of leaders for the next four years across all strata of government. At the…
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Opinion: Lagos state and the politics of taxation
The government of Lagos state seems to be currently in the eye of the storm over its introduction of a law, a property tax as it were, known as the…
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The YNaija Cover this morning – the 30th of November
Follow the links to read the stories and analyses on YNaija:
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We will get you, if you declare only part of your properties | FG warns Nigerians
Minister of Finance, Kemi Adeosun has said some tax defaulters have started pleading for more time to pay their debts in the Federal Government's tax amnesty programme. Adeosun said this…
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Only 40 million Nigerians pay tax – Adeosun
Only 40 million pay taxes out of 70 million taxable adults in Nigeria, the Minister of Finance, Kemi Adeosun has said. She spoke yesterday at the first annual lecture of…
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Nigerians will soon get a new lease of life – Lai Mohammed
The Federal Government has said the administration is winning the battle to revive the Nigerian economy. Minister of Information and Culture, Alhaji Lai Mohammed, said this in Lagos during a…
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After NPA ban, Atiku’s company accused of not paying tax
The Federal Inland Revenue Service (FIRS) has accused the Integrated Logistics Services (Intels) of defaulting in tax payment. This comes one week after the Nigerian Port Authority (NPA), terminated its pilotage agreement…
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Trump laments tax break for NFL over players’ dishonour of flag
Not done with his attack on the NFL, U.S. President Donald Trump has expressed his dissatisfaction for the tax break provision for the league. The President's anger is premised on…
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FIRS generates N2.11trn tax revenue in 7 months – Report
The Federal Inland Revenue Service (FIRS), generated the sum of N2.11 trillion as revenue from January to July this year - through tax collection. This is contained in a progress report…
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Trump’s clashes with CEOs would hinder tax overhaul – financial advisor
Former U.S Treasury Department official, Jim Millstein has said President Donald Trump's clashes with corporate leaders and lawmakers could hinder progress on issues such as a tax overhaul. In an…
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FG lists 27 industries to enjoy tax holiday
The Federal Government has announced a list of 27 new industries that qualified for tax holiday after the administrative suspension on processing Pioneer Status Incentives (PSI) applications. The Minister of…
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FBI arraigns Nigerian for fraud, identity theft
A Nigerian, Daniel Adekunle Ojo, has been arrested by the FBI in Durham, North Carolina and charged with fraud and identity theft offences. Ojo had allegedly been using a phishing…
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Tax will be placed on first class, business class tickets, luxury goods – Adeosun
Minister of finance, Kemi Adeosun says the Federal Government has signed a policy to tax first class and business class air tickets alongside other luxury goods, TheCable reports. Answering questions…
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Lagos provides more than half of Nigeria’s VAT – Adeosun
Minister of Finance, Kemi Adeosun has said more than half of Nigeria's value added tax (VAT) comes from Lagos state. Adeosun said this while speaking at the parley between the federal…
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Killing of Nigerians in Bakassi cannot be confirmed | Army, Police, others say
The Nigerian Army and the Nigerian Navy have dismissed reports of the killing of 97 Nigerians in Bakassi Peninsula over refusal to pay a N100, 000 fishing boat tax imposed…
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We will ask you questions if you earn N2m and your house is worth N50m – Fowler
Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler has said tax declaration should commiserate with lifestyle of the payee. He said this while speaking on Arise TV about…
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Cristiano Ronaldo makes ‘irreversible’ decision to quit Real Madrid
Real Madrid star Cristiano Ronaldo has made an 'irreversible' decision to leave the club, reports say. According to reports, Ronaldo is angry at his treatment by Spanish tax authorities and wishes…
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The Church Blog: Bauchi wants to start taxing churches and mosques. We agree
Bauchi's government has a convoluted policy on taxation of religious organizations, but we agree with the spirit of its decision. Convoluted because, according to Baba Madubi, Commissioner for religious affairs…
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Your tax, your child and the future
Nigeria is our motherland, but most Nigerians would have disowned their biological mothers if she did the same thing this country has been doing to her citizens. Although the government…
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7 things American Health care act (Trumpcare) changes for US healthcare system
by Itunuoluwa Adebo The U.S. House of Representative passed the American Health Care Act(already referred to as Trump-care) by a margin of only four votes. Here are 10 things that…
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FIRS to introduce electronic tax clearance certificate
by Azeez Adeniyi The Federal Inland Revenue Service (FIRS) has said it would soon introduce electronic Tax Clearance Certificate (TCC) system. Director ICT, FIRS, Kola Okunola said this in a…
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Opinion: The value of toll gates to Nigerians
by David Temitope The Roman Empire under the rule of Emperor Julio Caesar constructed and commissioned roads (viae) in 44 BC. The construction of these roads was solely by the…
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Trump paid $38m income tax in 2005 – White House
by Dolapo Adelana The White House on Tuesday said President Donald Trump earned more than $150 million in income and paid $38 million in taxes. The White House gave the…
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Buhari’s govt wants to tax Nigerians to death – Fayose
Ekiti State governor, Ayodele Fayose has said the administration of President Muhammadu Buhari was ready to impose more tax on Nigerians that will further impoverish them. In a statement by…
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“NCC should be reducing tariffs, not increasing it” – Murray-Bruce
Senator Ben Murray-Bruce says the Nigerian Communications Commission (NCC) ought to be reducing tariffs and not increasing it. The "Common sense" senator, who stated this on Wednesday in his Facebook…
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YMonitor
- Beyond the Power Struggle: Why a Strong Opposition Party is Crucial for Nigeria’s Democracy
- The Importance of Impartial Reporting in Nigeria’s Democracy
- Understanding the Role of Election Tribunals in Nigeria’s Electoral Process
- The Importance of Active Citizenship Beyond the Voting Booth
- How Ethnic Baiting is Undermining Nigeria’s National Security and Democracy
YMonitor
- Beyond the Power Struggle: Why a Strong Opposition Party is Crucial for Nigeria’s Democracy
- The Importance of Impartial Reporting in Nigeria’s Democracy
- Understanding the Role of Election Tribunals in Nigeria’s Electoral Process
- The Importance of Active Citizenship Beyond the Voting Booth
- How Ethnic Baiting is Undermining Nigeria’s National Security and Democracy