Tag: Tax
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BREAKING: Nigerians to start paying tax for using Facebook from January
Nigerians to start paying tax for using Facebook from January
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Multichoice Africa loses suit over dispute on $342m outstanding tax to FIRS
South African Company, Multichoice Africa Holdings B.V has lost the legal battle with the Nigerian government-owned Federal Inland Revenue Services (FIRS) over the disputed $342 million tax has been struck out. The Tax Appeal Tribunal, on Tuesday, struck out the appeal by the company for want of diligent prosecution and ordered It to pay up…
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Tax on carbonated drinks to increase in 2022-Finance minister
The Minister of Finance, Budget and National Planning, Zainab Ahmed has said a possible upsurge in the taxation on carbonated drinks, which would lead to a price increase. She said this at the Public Presentation and Breakdown of the Highlights of the 2022 Appropriation Bill on Friday in Abuja, saying that it will be part…
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Popular rich pastors in Nigeria must pay ‘Pentecost Tax’ – Yemi Osinbajo
Popular rich pastors in Nigeria must pay ‘Pentecost Tax’ – Yemi Osinbajo
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FIRS takes tax battle to NGOs, threatens sanctions
The Federal Inland Revenue Service (FIRS) has said all Civil Society Organisations (CSOs) are expected to register for tax purposes and obtain Taxpayer Identification Number (TIN).
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I support FIRS on media tax – Dele Sobowale
By Dele Sobowale Before the reader gets upset, let her/him remember that I also will be paying the FIRS media tax which this article supports. So, I am not promoting a measure from which I will be exempted. To be quite candid, the media tax is long overdue. The surprising thing to me is that…
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Tax backlog: DSTV suffers huge blow as court orders company to pay FG N900bn
A Tax Appeal Tribunal (TAT) sitting in Lagos has ordered Multichoice Nigeria Limited, owners of cable television services, DSTV, to pay 50 per cent of N1.8 trillion tax backlog to the Federal Inland Revenue Service (FIRS). Mr Abdullahi Ahmad, the Director, Communications and Liaison Department of the FIRS, made this known in a statement in…
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Alleged N451bn debt: Produce receipts of tax payments by MTN, Reps tell FIRS
The House of Representatives Committee on Finance has asked the Federal Inland Revenue Service (FIRS) to submit receipts of the tax payments made by MTN to the agency for 2007 and between 2010 and 2017. The request comes as the committee observed during its interaction with the agency on Wednesday that MTN is indebted to…
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GTBank announces profit before tax of N238.1bn for 2020
Guaranty Trust Bank Plc in Thursday released its audited financial results for the year ended Dec. 31, 2020 to the Nigerian and London Stock Exchanges, announcing a profit before tax of N238.1 billion. The audited result released by the bank showed that profit before tax increased by 2.8 per cent to N238.1 billion compared with…