Tag: Tax
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Why our CEO cannot come to Nigeria – Binance
Binance has told the Nigerian House of Representatives that its Chief Executive Officer (CEO), Richard Teng cannot come to the country.
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MultiChoice lands in trouble over N1.8trn unremitted tax
The House of Representatives is set to probe the alleged N1.8 trillion tax owed the Federal Government by Multichoice group, the operator of DSTV and GoTV.
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Pressure mounts on Aisha Achimugu to pay taxes after lavish birthday bash
The FCT-Internal Revenue Service (FCT-IRS) on Saturday reminded an Abuja socialite, Mrs Aisha Achimugu to fulfil her tax obligations.
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No plans to increase tax rates – FG assures Nigerians
Minister of Finance and Coordinating Minister of Economy, Wale Edun has disclosed the federal government has no plans to increase tax rates.
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How companies paid N1.75trn as tax for Q3 2023
Companies paid N1.75 trillion as taxes in the third quarter of 2023, the National Bureau of Statistics (NBS) declared in its Company Income Tax (CIT) Q3 2023 report released in Abuja on Monday.
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Court deletes laws denying tax debtor’s right of appeal
A Federal High Court, Abuja, on Thursday, struck down some “offending provisions” which takes away the right of appeal of a tax debtor.
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ICYMI: Tinubu receives ‘quick win report’ on fiscal policy, tax reforms
President Bola Tinubu on Tuesday, received the ‘Quick Win Report’ on fiscal policy and tax reforms from the committee tasked with improving the nation’s revenue profile and business environment.
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Experts back FG proposal to tax wealthy Nigerians
Some financial experts have supported the Federal Government proposal to tax additional wealthy Nigerians, describing it as a means of income redistribution that can enhance the country’s fiscal revenues. They said this in separate interviews with the News Agency of Nigeria (NAN) on Friday in Lagos.
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FIRS will not increase taxes further – Acting Chairman assures
Acting Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has assured Nigerians and corporate organisations that the FIRS will not further increase taxes despite its resolve to increase the country’s tax-to-GDP ratio to 18 per cent from 10.86 per cent.
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NCC seeks end to multiple taxation
The Nigerian Communications Commission (NCC) has called for a continuous telecoms stakeholders engagement to eliminate the effects of multiple taxation on economic development.