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Digital companies, liable to tax under new Finance Act — Osinbajo

Ihesiulo Grace 1 February 2020 0

Vice President Yemi Osinbajo says multinational digital companies operating abroad with significant economic presence in Nigeria will be subjected to taxation under the new Finance Act. Osinbajo disclosed this on Friday in Abuja, during a lecture titled: “Economic dimension of national

Business Featured Headlines

Why Aviation industry contribution to Nigeria’s GDP is low – Sanusi

Ihesiulo Grace 16 December 2019 0

…Says FG must protect Nigeria’s aviation industry to mature …Aero Contractors MRO gets boost as domestic airlines patronise facility Despite the long existence of Nigeria’s aviation industry, lack of implementation of policies, high taxation, infrastructure deficiencies, lack of human capital development, among many other challenges, have been identified as

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Bill to review taxation passes 2nd reading

Ihesiulo Grace 13 November 2019 0

Abuja – A bill for an act to amend the Companies Income Tax Act, Value Added Tax Act, Customs and the Excise Tariff Act on Wednesday passed second reading in the House of Representatives. The bill which was transmitted from the Senate was presented by the Deputy Leader of the House, Rep. Peter Akpatason (APC-Edo) […]

News Nigeria

Nigeria now has 19m tax payers – Osinbajo

Ihesiulo Grace 10 May 2018 0

Vice President Yemi Osinbajo, on Wednesday said that Nigeria has increased its tax net from 14 million in May 2017 to 19 million this year. He made the revelation while declaring open the 2018 edition of the Chartered Institute of Taxation of Nigeria (CITN) conference. The Vice President was Special Guest of honour at the […]

News Nigeria

Give your tax policy human face, Group tells Kwara Govt

Ihesiulo Grace 26 December 2017 0

The Ilorin Emirate Descendants Progressive Union (IEDPU), Monday asked the Kwara state government to give its taxation policy a human face. The umbrella body of all socio- cultural organization in Ilorin Emirate lamented that the government taxation policy was causing hardship to the residents. The union also charged the newly inaugurated local government chairmen in […]

Abuja Times

Multiple taxation, challenge to business owners in FCT- ACCI

Ihesiulo Grace 13 December 2017 0

The Abuja Chamber of Commerce and Industry (ACCI) says multiple taxation by the management of the Federal Capital Territory Administration (FCTA) is a major challenge for business owners in the territory. Mr. Tony Ejinkeoye, president, ACCI said this on Thursday in Abuja while delivering a lecture at the second Annual Lecture of Just Friends Club […]

Business

NIESV attributes land-based taxation as alternative source to nation’s economy

Ihesiulo Grace 6 December 2017 0

Nigerian institution of Estate Surveyors and valuers, (NIESV), Akwa Ibom state branch has attributed land based taxation as a ready alternative source in boosting the nation’s economy, as revenue from oil has nosedived following global drop in oil prices. Chairman, Nigerian Institution of Estate Surveyors and Valuers, Akwa Ibom state branch, ESV. Udo Egerton stated […]

Abuja Times

Multiple taxation, challenge to business owners in FCT- ACCI

Ihesiulo Grace 6 December 2017 0

The Abuja Chamber of Commerce and Industry (ACCI) says multiple taxation by the management of the Federal Capital Territory Administration (FCTA) is a major challenge for business owners in the territory. Mr. Tony Ejinkeoye, president, ACCI said this on Thursday in Abuja while delivering a lecture at the second Annual Lecture of Just Friends Club […]

Business

Elumelu advocates taxation restructuring for business growth

Ihesiulo Grace 23 November 2017 0

Tony Elumelu, Chairman of Heirs Holdings, has called for the restructuring of government regulations and taxation to support business growth in Nigeria. He made the call at the Lagos Business School Alumni Association 2017 Conference, held on Thursday, November 16, 2017 Elumelu, who was guest speaker at the occasion, spoke on the conference theme: The […]