Business

Tax underpayment: FG reviews data of 130,000 high net worth persons, companies – Adeosun

Ihesiulo Grace 6 March 2018 0

…Mines data from Federal, state agencies, foreign countries through Project Lighthouse The data mining efforts of the Federal Government through the Federal Ministry of Finance has identified a new batch of over 130,000 high net worth individuals and companies that have potential tax

Business

Adeosun to address UN, OECD’s conference on tax, revenue leakages

Ihesiulo Grace 12 February 2018 0

The Honourable Minister of Finance, Mrs. Kemi Adeosun, has been invited by the Organisation for Economic Cooperation and Development to speak at the Platform for Collaboration on Tax Conference on Thursday, February 15, at the United Nations in New York. The Platform for Collaboration on Tax (PCT) Conference, which will hold between February 14 and […]

Business

Public finance: Adeosun tasks treasury managers on accountability, transparency

Ihesiulo Grace 4 February 2018 0

Honourable Minister of Finance, Mrs. Kemi Adeosun, has challenged Treasury managers to ensure transparency and accountability in the management and control of the country’s public finance. She gave the advice at the second National Treasury Workshop held in Tinapa, Cross River State. The workshop was attended by Directors of Finance and Accounts in all Federal […]

Business Headlines

VAIDS: FG deploys over 1,700 CTLOs to states – Adeosun

Ihesiulo Grace 27 November 2017 0

…Rules out extension of March 31 2018 deadline for tax evaders The Federal Government has recruited and trained 2,190 Community Tax Liaison Officers (CTLOs) under the Voluntary Assets and Income Declaration Scheme (VAIDS), the Honourable Minister of Finance, Mrs. Kemi Adeosun, has said. The minister has also confirmed the review of the tax profiles of […]

Business Headlines

Federation Account recorded N797bn VAT revenue in 10 months – Adeosun

Ihesiulo Grace 1 November 2017 0

*To extend tax compliance to private sector Ganiyu Obaaro The Honourable Minister of Finance, Mrs. Kemi Adeosun, revealed on Tuesday, that revenue from Value Added Tax (VAT) grossed N797.51billion into the Federation Account between January and October, 2017. Accounting to the latest figure released by the Federal Ministry of Finance, non-oil revenue represents 46.15 per

Business

Roads: Tax relief scheme to be scrutinized- FG

Ihesiulo Grace 26 October 2017 0

At the close of the Federal Executive Council meeting on Thursday, approved a tax relief scheme to attract private sector involvement in the provision of Federal road infrastructure across the entire country. But FEC says firms to be engaged in the road scheme would go through some level of scrutiny. The approval was the outcome […]

Business Headlines

$5.5bn loan: Legacy debts account for $3bn –Adeosun

Ihesiulo Grace 26 October 2017 0

…Says Nigeria’s debt to GDP ratio is within a reasonable threshold The Honourable Minister of Finance, Mrs. Kemi Adeosun, on Wednesday, revealed that the Federal Government would apply the sum of US$3 billion in refinancing the legacy debts of the immediate past government. The outlay is part of the US$5.5 billion foreign loan being sourced […]