Tag: Tax
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Tax burden: Reps seek alternative revenue generation
The House of Representatives has urged the Federal Government to consider alternative revenue generation strategies as against tax increment in the country.
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FG to probe claims of tax evasion by mining companies
The Federal Government has set up a committee to investigate the taxation and operational disputes between the Osun Government, and Segilola Resources Operating Limited (SROL), a subsidiary of Thor Explorations limited.
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FG’ll register, tax foreigners earning income in Nigeria – Onanuga
Mr Bayo Onanuga, Special Adviser to the President, Information and Strategy, says foreigners earning income in Nigeria will henceforth pay taxes under a proposed amendment to the National Identity Management Commission (NIMC) Bill, 2024. Onanuga said this while briefing State House correspondents on Wednesday in Abuja.
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How banks could have avoided the FX gains tax through CSR – By Magnus Onyibe
In a society where a few live in luxury while many struggle in poverty, it’s not surprising that feelings of envy, jealousy, and even resentment arise among the less fortunate towards those who are well-off.
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Why are banks against windfall tax? – By Etim Etim
On Wednesday, July 31, two senior bankers, Tony Elumelu, Chairman of UBA Group and Ladi Balogun, Group Chief Executive of FCMB Holdings, walked into President Tinubu’s office to talk to him about the proposed 70 per cent windfall tax be imposed on banks’ super profits by the government.
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Private jet, windfall tax and new capital base for banks – By Etim Etim
The banking industry is always in the news for many reasons, but the last one week has offered enough to fill newspaper pages. While the government wants the banks to pay tax on the excess profits they made last year, a bank chairman openly upbraided some institutions for buying private jets for their executives.
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Why Customs is yet to implement Tinubu’s order on import duties
President Bola Tinubu had directed the suspension of import duties and taxes on essential food stuffs to reduce inflation. However, the Nigeria Customs Service (NCS) was yet to begin the implementation.
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Black tax: A double-edged sword for Nigerian income earners – By Aiyedun Olatunbosun
Black tax, a term used to describe the financial support that successful individuals are expected to provide to their extended families. It is a pervasive cultural expectation in many African communities, particularly in Nigeria.
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CARTOON OF THE DAY: How richest State in Nigeria makes its money
CARTOON OF THE DAY: How richest State in Nigeria makes its money
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FG mulls new tax for climate change
The Federal Government has urged relevant stakeholders to embrace carbon tax to help tackle climate change in the country.