In order to address the decline in distributable revenue from the Federation Account to governments at all levels, a 30-team from the Nigeria Governors Forum (NGF) and the Federal Ministry of Finance has visited the Lagos State Ministry of Finance to understudy the State’s Internally Generated Revenue template and exchange ideas on how to ameliorate […]Read More
Mr. Kola Babarinde is a consummate tax practitioner who has passed through the rigours of learning and career development to attain the Fellowship of the Chartered Institute of Taxation of Nigeria (CITN). He is the Chairman of the 21st Yearly Tax Conference of CITN, which kicked off today, in Abuja. In this interview with Assistant […]Read More
The Senate has asked the Federal Government to consider increasing taxes on luxury goods and services to boost revenues. The Senate Committee on Finance made the recommendation on Tuesday during a plenary session. The committee also urged relevant agencies to continue exploring ways of generating additional revenues to reduce the government’s fiscal deficit. It said, […]Read More
This is coming as the NLC President, Ayuba Wabba was Wednesday re-elected for a second term. In a motion submitted by the National Union of Textile Garment and Tailoring Workers of Nigeria (NUTGTWN) at the plenary session of the 12th delegates’ conference of the NLC in Abuja, the union noted that there was a “twin […]Read More
Former Real Madrid, Chelsea and Manchester United manager, Jose Mourinho has accepted a year’s prison sentence for defrauding the Spanish state of 3.3 million euros (2.8 million pounds). A Spanish court filing revealed this on Tuesday, although the Portuguese will not serve any jail time. The filing said the tax ministry and Mourinho’s defence team […]Read More
The Federal Government has asked MTN Nigeria to pay taxes of $2bn (N700bn), six days after the Central Bank of Nigeria ordered it to repatriate $8.13 billion ‘illegally taken out of the country’. The telecom company said in a brief statement that the Attorney General’s office gave “notice of an intention to recover the $2 […]Read More
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