LAGOS NOVEMBER 13TH (NEWSRANGERS)-Residence of Kogi State are expected to pay levy on every loaf of bread purchased. This is as a result of the state government introduction of levy on every loaf of bread baked in the state. The state ministry of commerce and industry said the levy is aimed at improving the internally…
LAGOS JANUARY 7TH (NEWSRANGERS)-The Federal Government (FG) has announced that small businesses with turnover less than N25m will be exempted from paying Companies Income Tax (CIT). Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed while disclosing this Monday explained that the policy would be effective once the Finance Bill 2019, is signed into law….
LAGOS DECEMBER 2ND (NEWSRANGERS)-Evidence of tax payment will be a condition for operating a bank account from January, according to the Financial bill passed by the National Assembly. The Bill, submitted to the lawmakers with Budget 2020 by President Muhammadu Buhari, is designed to improve financial operations of the country and streamline the tax regime….
LAGOS OCTOBER 21ST (NEWSRANGERS)-Commonwealth finance ministers have recognised the potential of technology to improve debt transparency while urging closer collaboration to resolve tax challenges arising from growing digital commerce. Revenues from tax collection are important for maintaining debt at sustainable levels, yet can often be impaired by the digitalisation of trade in services, as this…