Tax

November 30, 2016

“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 page said if the government wanted to raise revenue, it should tax what the rich mainly enjoys. See post below: I will fight against this... Read More

ncc, revenue, senate, Senator Ben Murray-Bruce, tariff, Tax

October 28, 2016

5 things to expect once the toll roads are reintroduced

Since the Senate has decided to punish us for the deplorable state of Federal roads across the nation by billing us for the repairs, maintenance and even construction of new ones via tolls, let us start preparing for the ripple effects of this ‘Reintroduction of Toll Gates on our Federal Highways’. Here 5 things that... Read More

infrastructure, Nazif, nigeria, Reintroduction of toll gates in Nigeria, roads, senate, senator, Tax

October 17, 2016

Nike Orimolade: Communication Service Tax is not the change we need

by Nike Orimolade President Muhammadu Buhari rode into government on ‘people power’ which ushered in a change agenda with the aim of rescuing the ship of state and Nigerians from a rudderless government while providing an environment that is enabling for good living. However, Nigerians are bemused that the government and the National Assembly have... Read More

Communication Service Tax, gtb, sponsored, sticky, Tax

September 30, 2016

Opinion: No, Communication Service Tax can’t be a product of sound judgement

by Aribisala Tosin Isn’t it rather disappointing the argument put up by the Minister of Communications, Barrister Adebayo Shittu, that scarcity of funds is the reason the Federal Government is seeking to levy a nine per cent tax on users of telecommunication services as an alternative revenue source to shore up a dwindling revenue base? The... Read More

nigeria, Tax, telecoms

September 27, 2016

Feyi Fawehinmi: Malaria taxes or basket water?

A few weeks ago at an event in Ghana, Tunde Fowler, Nigeria’s chief tax collector, said that a tax of N5,000 was enough to save a child suffering malaria from death. It is refreshing and indeed heartwarming to hear the FIRS boss use persuasion to make the connection between taxes and life outcomes for Nigerians. It... Read More

Buhari, economy, kemi Adeosun, nigeria, Oil prices, Tax, Tunde Fowler

September 26, 2016

Opinion: 3 tech products we need built in Nigeria

A few weeks ago Mark Zuckerberg came Nigeria sightseeing and checking up on his investments (Andela and the millions of the ‘un-facebooked’ citizens of Nigeria). It was a good opportunity to showcase tech solutions being built here via Cc-Hub and his meetings with entrepreneurs. He even got to see a Demo Day at the Presidential... Read More

cchub, FIRS, mark zuckerberg, nigeria, Tax, technology, Toy store

September 13, 2016

Opinion: Can Nigeria actually spend her way out of this recession?

by Olamide Eyinla It is no longer news that Nigeria’s economy has slid into a recession. By definition, recession is a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters. What this means is that either aspects or all sectors of... Read More

dollars, economy, FG, Forex, inflation, recession, supply, Tax

September 6, 2016

5 reasons Nigerians should reject the proposed tax on mobile services

The Nigerian government recently proposed a bill to place a 10 percent tax on phone calls, SMS and internet data packages. The bill was submitted to the National Assembly and is expected to be passed into law. As expected, this proposition has been criticised by some human rights bodies but Nigerians aren’t yet paying enough... Read More

Communications, FG, Mobile phones, nigeria, subscribers, Tax

September 4, 2016

SERAP says ‘NO’ to proposed FG’s tax on phone calls, data

The Socio-Economic Rights and Accountability Project (SERAP) on Sunday rejected the plan by the Federal Government to impose a 10 per cent tax on every phone call, text message and data used by Nigerians. In an open letter by its Senior Staff counsel, Timothy Adewale to the Federal Government, it advised the FG drop the plan... Read More

10% tax, data, phone call, SERAP, Socio-Economic Rights and Accountability Project, Tax, text message

Yakubu Dogara

Ebonyi is growing its IGR faster than others, Kwara is slowest

The Speaker of the House of Representatives, Yakubu Dogara, has stated that the country has to diversify its economy from dependence on oil revenue. Dogara was speaking at the Chattered Institute of Taxation of Nigeria Abuja Tax Week on the ‘Dilemma of Improving Tax Revenue in Tough Economic Times’. The Speaker told his audience how... Read More

budget, dependence on oil revenue, diversification, economy, IGR, kwara, nigeria, Oil and Gas, speaker house of reps, Tax, Yakubu Dogara

Why Minister of Finance can’t guarantee full budget implementation

The Minister of Finance, Kemi Adeosun, has said that there is no guarantee that the Federal Government would implement the 2016 budget in full. The minister, yesterday, was summoned alongside the governor of Central Bank of Nigeria, Godwin Emefiele by the National Assembly to give a reportage of the current situation of the country’s economy... Read More

Featured, The News Blog

2016, budget, Debate, Finance, kemi Adeosun, lawmakers, nigeria, senate, Tax

Opinion: Opposing the proposed Communication Service Tax

by Constance Azuru The proposed Communication Service Tax (CST) Bill is creating ripples among telecommunication consumers, in particular, and the Nigerian landscape in general. The controversial Tax Bill has passed the first reading at the House of Representatives and it will, upon passage and assent, compel communication service subscribers to pay additional tax on services rendered by their... Read More

Azuru, Communication Service Tax (CST) Bill, DSTV, GOtv, Nigerian Economy, Startimes, Tax

Tinubu, Saraki and other relatives of politicians in #PanamaPapers

Several politicians, public officials and their relatives have been named in the newly released list of Nigerians involved in the Panama Papers scandal that revolves around shady Panamanian law firm, Mossack Fonseca. The Panamanian company, which has dozens of offices all over the world, sells its shell firms in cities such as Zurich, London, and... Read More

corruption, FAMILY, Panama, Tax

Hotel lodgers in Akwa Ibom to pay tax on alcohol consumption

In a bid to generate more revenue, the Akwa Ibom state government has announced that henceforth, tax will be paid for consumption of alcohol in hotels and beers parlous in the state. This was made known by the Akwa Ibom state Commissioner for Finance, Akan Okon, on Saturday while speaking in Uyo, the state capital.... Read More

Akwa Ibom, alcohol, hotel, Tax, tax. akwa ibom state

February 2, 2016

‘Who tax don epp?’ | Chude Jideonwo on taxation, governance, democracy and development

I remember being a law student at the University of Lagos. The law of taxation was my worst course. I thanked God that I would never have to deal with this again. If only I had known that as a businessperson, tax law would once again be my worst course. Only this time, the exam... Read More

Chude Jideonwo, Governance, Tax, Who taxation don epp?

NLNG pays whopping $1.62 billion tax money

Apparently, nobody wants to part with their money — not even for the benefit of the community or even the country. If we have our way, nobody will pay tax and over the years individuals and even companies have evaded tax. Nigeria Liquefied Natural Gas Company Limited (NLNG) has been reported to have paid its... Read More

Buhari, nlng, Tax

January 29, 2015

Jimi Agbaje says Fashola lied over tax evasion claims, shows proof (LOOK)

by Kolapo Olapoju Reacting to the accusation of defaulting in tax payment, Jimi Agbaje Campaign Organisation, has released a letter showing that the governorship candidate of the PDP was recently commended by the state Commissioner of Finance, Ayo Gbeleyi, for fulfilling his tax obligations. The governor of Lagos state, Babatunde Fashola, had stated on Wednesday,... Read More

All Progressives Congress, Ayo Gbeleyi, babatunde Fashola, Felix Oboagwina, jimi agbaje, land use charge, Tax

December 31, 2014

After the wedding, comes the debt – Solange’s tax evasion woes come knocking

Tax forces have come for Solange as a lien was filed 3 days after Solange and her husband Alan Ferguson tied the knot. The pettition was for the musician’s outstanding tax bill for taxes not paid in 2010 through 2012. However, the Knowles family has had and conquered rougher droughts, with father Matthew Knowles recently... Read More

alan fergusoon, Beyoncé, big misunderstanding, debt, FAMILY, knowles, Solange, Tax

Prayer

August 17, 2014

Analysis: Nigerian churches already pay tax

by Adedayo Ademuwagun This year, there was a mixed public reaction when delegates at the National Conference proposed that churches should be taxed. Some people were pleased about the tax exemption that the church enjoys. However, some people expressed cynicism about this tax benefit. According to the Companies Income Tax Act (CITA) of 2004, churches... Read More

Church, money, nigeria, Pentecostalism, Tax

August 15, 2014

FIRS seals Ewekoro Power Plant over unpaid N114 million tax [DETAILS]

by Godwin Akanfe Officials of the Federal Inland Revenue Service (FIRS) Southwest, have sealed-off the Lagos office of Ewekoro Power Plant over unpaid tax totalling N114 million. The company was sealed due to accumulated arrears of taxes owed and the failure to respond to several notices from the FIRS. Aminu Abubakar, tax controller, FIRS Medium... Read More

Abeokuta, Abidoye Ayoola, Aminu Abubakar, Ayodele Ademosu, Ewekoro Power Plant, Federal High Court, Federal Inland Revenue scheme, FIRS, FIRS Medium Tax Office, Ibadan, Musa Ojeifo, Sealing-off, Tax, tax controller, Unpaid taxes

Adaobi Okwy: The church and a certain type of ignorance (Y! Superblogger)

by Adaobi Okwy The Holy Book says that we perish because of our lack of knowledge and I believe this to be true in every way. If God does not want us interested in OUR economy, why did Jesus pay tax? I was at the Sunday school Bible class on sunday where we were talking... Read More

Adaobi Okwy, certain, economy, ignorance, Jesus, knowledge, roll, Sunday School, Tax, the church, Y! Superblogger

October 3, 2013

Opinion: PDP’s ‘sin’ tax is socialism, so what?

by Garba Shehu In line with this, government should expand the scope of the new tax, to cover those “sinful” items and tax them the more and more, so that citizens are forced to change unwanted habits. Items such as tobacco, alcohol, jewelry, high-end automobiles, private jets, luxury homes and boats ought to be targets... Read More

Aircraft, aminu kano airport, Garba Shehu, Goodluck Jonathan, opinion, PDP, socialism, Stell Oduah, Tax

September 8, 2013

Bishop Oyedepo watched as his church members assaulted OGTV crew – Ogun gov’t

For the second time, some members of the Living Faith Church Worldwide, better known as Winners Chapel have attacked another set of officials of Ogun State Government. A reporter and cameraman of the state television station, OGTV, were the latest victims. The State Commissioner for Information and Strategy, Alhaji Yusuph Olaniyonu, identified the assaulted officials... Read More

beating, cameraman, Church, Davidd Oyedepo, nigeria, OGIRS, OGTV, Ogun State, Ota, reporters, School, Stephen Adewolu, Tax, winners chapel, Yusuph Olaniyonu

September 7, 2013

Give (not) unto Caesar: Church workers reportedly beat, detain Ogun gov’t officials over N2 million tax

Pandemonium broke out in Ota, in Ado-Odo-Ota Local Government Area of Ogun state when some Church workers allegedly beat and detained five officials of the state Internal Revenue Service over N2 million tax duty. Saturday Vanguard gathered that trouble began when some officials of IRS stormed the premises of Living Faith Church Worldwide (Winners Chapel)... Read More

beat, Church, detain, govt officials, Living Faith Church, Ogun State, Tax, workers

Tax fraud: Former Super Eagles player, Taiye Taiwo to lose €600,000 Marseilles mansion

by Rachel Ogbu Former Super Eagles player Taiye Taiwo has been indicted for tax fraud in France, new reports say. The ex-Nigeria international star who recently joined Turkish side Bursaspor stands to lose his €600,000 mansion based in Allauch, a French commune situated east of Marseille. A Marseille court has begun a judicial procedure to... Read More

football, France, Marseille mansion, Marseilles, nigeria, soccer, sports, super eagles, Taiwo Taye, Taiye Taiwo, Tax, tax fraud

January 20, 2013

We have resolved to prosecute tax defaulters – Fashola

The Lagos State government has said it needs more tax revenues to provide for and sustain the fast rising population of the state. The governor of the state, Mr. Babatunde Fashola, said this during the 6th Lagos State Taxation Stakeholders Conference on Thursday. He said there had not been appreciable growth in the number of... Read More

babatunde Fashola, lagos, Tax

January 16, 2013

Clampdown: Lagos sues 238 firms, reports 14,000 others to the police for tax evasion

No fewer than 238 court cases had been filed against companies and individuals by the Lagos State Government for defaulting in paying taxes in the state. The government added that it had also reported 14,000 others to the police, which had invited them to make statements. The government said the invitation was a prelude to... Read More

Abimbola Sodipo, Ade Ipaye, babatunde Fashola, lagos, Tax, Tunde Fowler

October 25, 2012

Ugodre Talks Figures: How to efficiently use taxation to boost profits

by Ugodre Obi-Chukwu They both used equity to finance their business and no debts yet his brother made more money than he did. Two brothers were given an equal share of their father’s wealth as he approached his death. They both followed the footsteps of their father and decided to engage in buying and selling.... Read More

Finance, investments, money, nigeria, Tax

August 27, 2012

Jimoh Ibrahim’s statement is a ‘litany of lies’ – Ray Ekpu and others

by Isi Esene The spat between billionaire businessman, Barrister Jimoh Ibrahim and the founding management board of Newswatch Magazine continued yesterday with the former owners, Ray Ekpu, Dan Agbese, Soji Akinrinade, and Yakubu Mohammed expressing their regret at the turn of events. Ibrahim had a few weeks back announced the sack of the former management... Read More

Dan Agbese, jimoh ibrahim, magazine, Newswatch, Ray Ekpu, shareholding, Soji Akinrinade, Tax, Yakubu Mohammed

Ugodre Talks Figures: Why you could pay tax for using your computer to stream videos

So if computer screens can basically do the same thing TV screens do, can they now be taxed?? In Nigeria as is most countries in the world, people are mandated to pay TV/Radio Licensing as a form of tax. In Nigeria, that tax is an exclusive revenue of the Local Governments Councils. The idea basically... Read More

computer, stream videos, Tax, Ugodre

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