Nigeria LNG Limited (NLNG) has clarification on the report of payment Of $27.5m To FIRS As 2016 Revised Corporate Income Tax. In a statement Re: ‘Tax Tribunal Orders NLGN To pay $27.5m To FIRS As 2016 Revised Corporate Income Tax’ signed by General Manager, External Relations and Sustainable Development, Andy Odeh sighted by NewsRangers, the…
LAGOS JULY 9TH (NEWSRNAGERS)-Former presidential candidate of the Labour Party, Peter Obi, has called on President Bola Tinubu-led federal government and state governors to learn from Canadian Prime Minister, Justin Trudeau, how to support Small and Medium Enterprises. Peter Obi said too much tax on Micro, Small and Medium Enterprises in Nigeria was also responsible…
LAGOS JUNE 29TH (NEWSRANGERS)-Kenyan activists on Friday circulated calls for fresh protests, strikes and sit-ins demanding President William Ruto quit, after nationwide demonstrations forced him to U-turn on proposed tax hikes. Ruto withdrew the contested finance bill on Wednesday and said he would listen to young people, a day after parliament was briefly stormed and…
LAGOS JUNE 7TH (NEWSRANGERS)-President Bola Tinubu is considering a six months suspension of the collection of taxes, levies or charges in business of few sectors of the economy. Recipients of the tax suspension will include Okada riders, transporters of goods, fuel transporters, wheelbarrow and cart pushers, shops owners, market traders, amongst others. This was contained…
By Femi Adeoti LAGOS MAY 19TH (NEWSRANGERS)-Restlessness and restiveness fit them to the hilt. The perfect words to tag them. They are always on the move. Only for the wrong reason. Sad. Very quick to point out how they do things in other lands. They would tell us the economic downtown is global. As if…
LAGOS MARCH 5TH (NEWSRANGERS)-The Nigeria Employers’ Consultative Association has warned that the Ministry of Interior’s expatriate employment levy will deter investment in the country. The association also faulted the levy, saying there would be a need for certain regulations to be put in place before such tax could be imposed. In a statement on Sunday,…
LAGOS JULY 4TH (NEWSRANGERS)-The Nigerian Government through the Federal Inland Revenue Service, FIRS, announced the VAT Direct Initiative, a scheme that would enable FG to collect Value Added Taxes from the informal sector and reduce multiple taxations in the informal economy. The FIRS disclosed this in a statement on Monday afternoon, stating that it FIRS…
LAGOS JULY 30TH (NEWSRANGERS)-Nigerians will soon start paying 12.5 per cent tax on telecommunications services as the federal government plans to implement five per cent inclusive excise duty on telecommunications services in Nigeria. The Minister of Finance Budget and National Planning, Zainab Ahmed, said this at a stakeholders’ forum on implementation of excise duty on…