Tag: Taxes

Why Nigeria should stop tax holidays for companies – IMF

The International Monetary Fund (IMF) has advised the Nigerian Government to urgently revisit tax holidays and exemptions given to companies. Highlights: It specifically urged Nigeria to implement a reform that would…

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Opinion: Now that Nigeria is planning to start collecting tax from beggars, what’s next?

by Tony Ogunlowo In an attempt to raise much-needed funds, the Finance Minister, Mrs Kemi Adeosun, has come up with the most ludicrous suggestions of all time: she plans to…

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Lagos

[The Alausa Blog]: LASG says only 600,000 residents pay their taxes out of 22m population

Lagos State Governor, Akinwunmi Ambode has identified the need for residents to adopt a willful approach to the payment of taxes as a means of addressing fundamental challenges confronting the…

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[The Presidential Blog] Bye bye #ThrowbackThursdays, hello #TaxThursdays

You may have heard that the Acting President has added another Executive order to his impressive line of business/economy-friendly executive orders today. It's an order that accompanies the newly launched…

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Figuring your tax ID can be complicated but it does not have to be

by Charles Anozie After you have gone through the process of research and deciding what type of tax business structure you are going to have, you are ready to submit…

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Pres. Trump cuts down Medicaid, increases Military, Security spending in US budget

by Itunuoluwa Adebo On Tuesday, the White House will unveil a 2018 $4.6 trillion budget that will in a bid to cut taxes and trim budget deficit, ask Republicans to…

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Apparently, we don’t pay enough taxes, and this is how the Federal Government intends to fix that

Apparently, we do not pay enough taxes. And we don't even mean to sound sarcastic. It's just that there's been so much noise about unemployment and non-payment of workers' salaries…

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FG has no plan to increase taxes – Minister

Minister of budget and national planning, Udo Udoma has said the federal government has no plan to increase taxes. He said this in a statement signed by his media adviser,…

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Nonso Obikili: The political economy of government agencies

by Nonso Obikili In case you have not read this post you probably should before you continue here. To anyone who has tried to run a business in Nigeria the…

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The Thread: Nigeria is a social, structural and cultural scam

Venting seems to be all Nigerians are doing (and can do) these days, as well as rethinking their patriotism to the green, white and green. These are bleak times, what with…

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The Thread: Dear President Buhari, increasing data prices is to young people as increasing fuel prices

December 1st is just around the corner, and Nigerians are pleading with President to have a change of heart about the new Nigerian Communication Commission directive to increase data prices.…

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The YNaija Cover this morning, the 29th of November

Read the full stories and our analyses here now.

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EU orders Apple to pay €13bn in Irish back taxes

The European Union on Tuesday ordered Apple to pay a record 13 billion euros in back taxes in Ireland, saying deals allowing the U.S. tech giant to pay almost no…

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N715m tax debt: FIRS seals 4 firms

The Federal Inland Revenue Service on Monday said it had sealed some companies over unremitted taxes running into N715m. In a statement, FIRS revealed that the sealed companies were located…

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Merge MDAs to reduce costs – Obasanjo

Former President Olusegun Obasanjo, on Tuesday, advised the 36 state governors to consider merging redundant and ineffective Ministries, Departments and Agencies with viable ones to reduce the cost of governance…

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Is this what our money is being used for? Alaafin of Oyo goes shopping in London with four companions

by Kolapo Olapoju Oba Lamidi Olayiwola Adeyemi, the Alaafin of Oyo, was recently photographed in one of the largest and most expensive shopping malls in the UK, the Westfield Mall…

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Owambe loading: Lagos residents spend N1bn monthly on merriment – Gov’t

by Akan Ido The Lagos State government, yesterday, said that residents spend over a billion naira on merriment and entertainment in the state. This was disclosed by the Commissioner for Local…

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Grace to grass: Jay-Z’s former partner, Damon Dash deep in debt, fighting to keep roof over his head [DETAILS]

The piles of money he made with Jay-Z have been replaced by mountains of IOUs. Hip-hop mogul Damon Dash is so deeply in debt that he claims in court documents he faces…

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Opinion: Nigerians and the culture of entitlement

by Christopher Akor   Nigerians, on their part, developed an unhealthy feeling of entitlement and a culture of expectation from their government. They expect the government to provide jobs, roads,…

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Ugodre Talks Figures: Taxation for Nigerian musicians…..A simple guide

I have blogged severally about taxation as it affects individuals and companies. However, in this blogpost we are going to get specific and take you through how taxation affects musicians…

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Ugodre Talks Figures: 7 Wonders of doing business in Nigeria

photo by nafdigitalassets You need not open a bank account – I know this may sound absurd, but most Nigerian businesses have thrived for decades without passing through a regular…

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#InCaseYouMissedIt: Senate orders investigation of foreign airlines over tax evasion

by Lekan Olanrewaju The Senate committee on aviation has ordered foreign airlines operating in the country to pay taxes on fuel surcharges. The committee has directed the airlines to pay…

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