Senators Ndume, Sani Differ As Controversy Over Reform Tax Bill Rages …C0NTINUE READING HERE >>> President Tinubu transmitted Tax Reform Bill to NASS NASS Adjourns Plenary Till November 19, As Controversy Continues To Trail The Bill Northern Governors Forum, Ali Ndume Oppose The Bill As Sen. Shehu Sani Says The Bill Is Not Inimical To … Read more
Tinubu rejects NEC’s recommendation to withdraw tax reform bills …C0NTINUE READING HERE >>> President Bola Ahmed Tinubu has rejected the recommendation of the National Economic Council (NEC) to withdraw the tax reform bills, currently before the National Assembly (NASS). President Tinubu to NASS to go ahead with the tax reforms bills, stressing that … Read more
NEC recommends withdrawal of tax reforms bill …C0NTINUE READING HERE >>> The National Economic Council (NEC) has advised that the Tax Reforms Bill, currently before the National Assembly, be withdrawn. This recommendation was made on Thursday, following the council’s 145th meeting in Abuja. Gov. Seyi Makinde of Oyo State explained that the NEC … Read more
CARTOON OF THE DAY: Mr President, the taxman and petroleum minister wasting fuel travelling all over the world …C0NTINUE READING HERE >>> CARTOON OF THE DAY: Mr President, the taxman and petroleum minister wasting fuel travelling all over the world | TheNewsGuru … Read more
FG Proposes Increase Of VAT From 7.5% To 10% …C0NTINUE READING HERE >>> The federal government is proposing to increase the Value Added Tax (VAT) from 7.5 percent to 10 percent. The executive bill to effect the increase and make it legal is already before the National Assembly, Henzodaily understands. According to a report published … Read more
Enugu govt clarifies mortuary tax …C0NTINUE READING HERE >>> The Enugu State Government says the Enugu Mortuary Tax is not meant to generate revenue but to discourage people from taking their dead ones to mortuary. The Executive Chairman, Enugu State Internal Revenue Service (ESIRS), Mr Emmanuel Nnamani, said this while reacting to Mortuary … Read more
FG to probe claims of tax evasion by mining companies …C0NTINUE READING HERE >>> The Federal Government has set up a committee to investigate the taxation and operational disputes between the Osun Government, and Segilola Resources Operating Limited (SROL), a subsidiary of Thor Explorations limited. The Minister of Solid Minerals Development, Dr Dele Alake, made … Read more
FG’ll register, tax foreigners earning income in Nigeria – Onanuga …C0NTINUE READING HERE >>> Mr Bayo Onanuga, Special Adviser to the President, Information and Strategy, says foreigners earning income in Nigeria will henceforth pay taxes under a proposed amendment to the National Identity Management Commission (NIMC) Bill, 2024. Onanuga said this while briefing … Read more
How banks could have avoided the FX gains tax through CSR – By Magnus Onyibe …C0NTINUE READING HERE >>> In a society where a few live in luxury while many struggle in poverty, it’s not surprising that feelings of envy, jealousy, and even resentment arise among the less fortunate towards those who are well-off. Advertisement … Read more
Why are banks against windfall tax? – By Etim Etim …C0NTINUE READING HERE >>> By Etim Etim On Wednesday, July 31, two senior bankers, Tony Elumelu, Chairman of UBA Group and Ladi Balogun, Group Chief Executive of FCMB Holdings, walked into President Tinubu’s office to talk to him about the proposed 70 per cent windfall … Read more