Tag: Taxes
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FG announces suspension of taxes on maize, rice, others
In its bid to tackle food inflation in the country, the federal government on Monday announced that certain food commodities imported via land borders will no longer incur charges, levies, or taxes.
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Multiple taxes creating problems, should be suspended – Tinubu’s appointee
Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has stated that the multiple taxes levied at various government levels are making life difficult for everyone in Nigeria. In a live appearance on Channels Television’s Sunrise Daily on Wednesday
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FG to Nigerians: Prepare ahead for more taxes, levies, tariffs
The Minister of Finance
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Court declares Rivers, not FG should collect VAT, income taxes, others
The Federal High Court sitting in Port Harcourt has declared Rivers Government, not the Federal Inland Revenue Services (FIRS) should collect the Valued Added Tax (VAT) and Personal Income Tax (PIT) in the State. The Court presided over by Justice Stephen Dalyop Pam also issued an order of perpetual injunction restraining the Federal Inland Revenue…
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Court voids Finance Minister’s power to amend Taxes, Levies Act
A Federal High Court sitting in Lagos Wednesday voided the Minister of Finance’s power to amend the Taxes and Levies (Approved List for Collection) Act 2004. Justice Ayokunle Faji held that “any purported amendment” to the Act 2004 by the Minister, “is null, void and unconstitutional.” The judge upheld the argument of The Registered Trustees…
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VIDEO: Ayade breaks down in tears, ‘I came well prepared but haven’t achieved my dreams for C’River in 5 years’
It was an emotional day at Peregrino House of the Cross River State Government on Thursday when Governor Ben Ayade broke down in tears over the high level of poverty in the state and exempted some persons and organisations from paying tax. Watch Governor Ben Ayade of Cross River State shed tears at the inauguration…
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Don’t increase taxes, Tinubu warns FG
The National Leader of the All Progressives Congress (APC), Asiwaju Bola Tinubu on Thursday called on the Federal Government to halt further action on the planned increase in Value Added Tax(VAT). Tinubu, who spoke at the 11th Bola Tinubu Colloquium to mark his 67th birthday in Abuja, stated that hiking VAT would further impoverished the…
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Ask questions on how government spend your taxes – Oshiomhole tells Nigerians
Former Edo Governor, Mr. Adams Oshiomhole has called for a review of Nigeria’s tax laws for an effective tax administration. Oshiomole, also a former President, Nigeria Labour Congress ( NLC ), made the call at the 26th Convocation Lecture of the Lagos State Polytechnic (LASPOTECH), Ikorodu. The lecture was entitled, “Crisis of Governance, Governance of…
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Lagosians now pay taxes voluntarily — Ambode
Governor Akinwunmi Ambode of Lagos State says more residents of the state are now voluntarily paying their taxes and levies to the government, with a positive effect on state revenues. Ambode told media executives in Lagos on Thursday that this was partly because the state government was spending money to create tax awareness. Aside this,…
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Only 40 million Nigerians pay tax – Adeosun
The Minister of Finance, Mrs. Kemi Adeosun has said only 40 million taxable adults in Nigeria pay taxes out of the existing 70 million. Adeosun said this at the first annual lecture of the Lagos State Professorial Chair of Tax and Fiscal Matters held at the Ade-Ajayi Auditorium of the University of Lagos. Mrs Adeosun…