Tag: Tax
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Ronaldo expected in Madrid for tax fraud trial
Juventus forward Cristiano Ronaldo is expected back in Madrid on Tuesday, to attend a trial for tax evasion in which Spanish prosecutors are asking for a 23-month prison sentence and a fine. The Portuguese striker, who left Real Madrid for Juventus last July, is expected to plead guilty after he agreed a settlement worth 18.8…
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FIRS generates N4.3trn tax revenue from Jan to Oct – Fowler
The Federal Inland Revenue Service (FIRS) on Friday said it generated N4.3 trillion as tax revenue between January and October this year. FIRS Executive Chairman, Babatunde Fowler, disclosed this during the “Federal Inland Revenue Service Special Day” at the ongoing Lagos International Trade Fair held at Tafawa Balewa Square. Represented by Mrs Angel Fadahunsi, FIRS…
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Buhari signs new Executive Order 008 on Tax, Money laundering rules
President Muhammadu Buhari has signed into law the new Executive Order 008 to further tighten tax and money laundering rules within and outside the country. Malam Garba Shehu, the President’s Senior Special Assistant on Media and Publicity, confirmed this development in a statement in Abuja on Wednesday. According to the presidential aide, the new Executive…
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Rivers tax agency pickets NDDC office
The Niger Delta Development Commission (NDDC) on Tuesday expressed dismay over picketing of its office complex by the Rivers State Internal Revenue Service (RIRS). Mr Nsima Ekere, Managing Director of NDDC expressed his displeasure in a statement issued in Port Harcourt by the commission’s Director of Corporate Affairs, Dr Ibitoye Abosede. The NDDC headquarters was…
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Social media tax in Uganda to stay in spite of protests – Minister
The Ugandan government on Tuesday said it will not scrap the recently introduced taxes on social media use and mobile money transfers in spite of public protest. Frank Tumwebaze, Uganda’s minister of information, told newsmen that Cabinet on Monday decided that the daily rate of 200 shillings (0.05 U.S. dollars) charged on the usage of…
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Nigerians will reap benefits of prompt tax payment – Fowler assures
The Chairman of the Federal Inland Revenue Service (FIRS), Mr Babtunde Fowler, says with the tax policies put in place by the Federal Government, citizens will soon reap the benefits of paying tax. Fowler, gave the assurance when he addressed State House correspondents after he briefed the Federal Executive Council (FEC) on activities of FIRS…
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Nigerians now tax conscious – Osinbajo
…says tax compliance index increased to 19 million in 2018 from 14 million recorded in 2017 Vice President, Prof. Yemi Osinbajo on Wednesday declared open the 2018 edition of the Chartered Institute of Taxation of Nigeria (CITN) conference with a revelation that the nation had increased its tax net from 14 million in May 2017…
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Obaseki advocates non-punitive tax regime for local companies
The Edo State Governor, Mr. Godwin Obaseki, has made a strong case for more incentives for local companies, including a non-punitive tax regime to encourage more investments and boost the nation’s economic growth. Obaseki made the case while playing host to the management team of Guinness Nigeria Plc., led by the Chairman, Babatunde Savage, who…
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VC calls for strengthening of Nigeria’s tax system, administration
The Vice Chancellor of Kaduna State University, Prof. Muhammad Tanko, says Nigeria must strengthen its tax system to gain maximally from it. Tanko made the remarks in a presentation on “The Nigerian Tax and Administration” organised by the Department of History of the university, in Kaduna. The vice chancellor said government should continuously…