... Seeking the Truth in Facts
The Tax Appeal Tribunal on Tuesday adjourned until July 17, hearing in the suit filed by Joseph Daudu, SAN, challenging alleged N1.2 billion error in taxation. Mr Daudu (appellant) said he was dissatisfied with Federal Inland revenue Service (FIRS) assessments of his Withholding Tax (WHT), Read More …
Lagos high court, Igbosere. Photo/wikipedia An Igbosere High Court in Lagos on Monday renewed a bench warrant for the arrest of a former Super Eagles captain, Augustine Okocha, over alleged tax evasion.Justice Adedayo Akintoye extended the warrant, earlier issued on Jan. 29, following an application Read More …
IFEANYI ONUBA The Federal Government, through the Federal Inland Revenue Service, plans to generate N4.3tn from petroleum profit tax and N1.7tn through the Value Added Tax in 2019, The amount is part of the N8.8tn tax revenue needed by the government to finance the 2019 Read More …
The Federal Government yesterday announced plans to charge Value Added Tax VAT, on lottery and gaming activities and automate collection from operators in the Lottery sector. Fowler This was announced in Lagos at a stakeholders’ engagement session with lottery and gaming operators. The session, organized Read More …
The National Leader of the All Progressives Congress, Bola Tinubu, on Thursday urged the Federal Government not to increase the Value Added Tax. He said an increase in VAT will reduce the spending capacity of the people and might increase hardship. He urged the Federal Read More …
FEDERAL Inland Revenue Service (FIRS) on Monday arraigned Fortless Global Concept Limited and Everyday Wine Shop and their representatives at the Federal High Court, Abuja on alleged tax evasion, obstruction of official duty and attack on staff of the FIRS on duty among other charges. Read More …