FIRS names banks to freeze MultiChoice account over N1.8tn tax evasion
The Federal Inland revenue Service (FIRS) has appointed some commercial banks as agents to recover the sum of N1.8 trillion from accounts of Messrs MultiChoice Nigeria Limited (MCN) And MultiChoice Africa (MCA). This was contained in a statement signed by…
FG suspends VAT from airfares, aviation services
After more than three years of credible agitation by industry stakeholders, the Federal Government has again suspended the deduction of 7.5 per cent Value Added Tax (VAT) on airfares and other air transport services. The latest suspension order, scheduled to…
(Special Report) Between leaking $30bn and $22.7bn China loan deal
The coincidence of the Senate rancorous approval for the Executives to embark on a $22.7bn loan jamboree in China and the resolution of the House of Representatives to investigate the Central Bank of Nigeria (CBN) and the Federal Inland Revenue…
FIRS failure to deepen tax net fuelled new Finance Law—NECA
Endless reactions have continued to trail Monday’s presidential assent to the passed Finance Bill as experts continue to throw up issues arising from the new tax reform law. Already, the Director-General, Nigeria Employers’ Consultative Association (NECA), Mr Timothy Olawale had…
Just in: AGF hands off, refers MTN’s alleged revenue indebtedness case to FIRS, NCS
The Federal Government Friday soft-pedalled its earlier hard stand on MTN Nigeria over allegations of revenue indebtedness valued at N242,244,452,215.97 and USD$1,283,610,357.86 as the Chief law officer of the land has recused himself from the matter and referred same to…
Fight for Stamp Duty collection gets messier between two ministers
The official fight for the soul of the apparently irrelevant Nigerian Postal Service (NIPOST) over who controls collection of Stamp Duty for the Federal Government took a different dimension weekend as the Minister of Communications and Digital Economy, Dr Isa…
New FIRS boss gets Senate nod as agency gives 7-day notice to tax defaulters
It was an easy ride at the Senate Chambers on Wednesday, as President Muhammadu Buhari’s new nominee for replacement of the chairman of Federal Inland Revenue Service (FIRS), Mr Muhammad Nami, got the nod to head the federal agency without…
Lagos losing ‘grip’ as Buhari fails to renew Fowlers’ tenure at FIRS?
…As Graduate of Sociology, Nami replaces him Undercurrent politicking spree that had spanned since last week came to an unexpected end Monday as contrary to speculations that Lagos favoured candidate for reappointment as chief executive of the Federal Inland Revenue…
Labour worried on why Panatmi remained mute on NIPOST’s uselessness
Whereas there had been serious argument that the Minister of Communications and Digital Economy, Dr Isa Pantami, may have engulfed the day to day running of Nigerian Communications Commission (NCC) and National Information Technology Development Agency (NITDA), experts and mainly…
Can Senate drop Ndume’s Comm Tax Bill now Ghana has halted theirs?
…As ATCON fears shrinking N450bn yearly contribution to GDP Confusion may be the best word to describe a scenario that is currently playing out at the National Assembly over the recent introduction of Nigerian Communication Tax of 9% Bill by…
