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
Private jet, windfall tax and new capital base for banks – By Etim Etim …C0NTINUE READING HERE >>> By Etim Etim The banking industry is always in the news for many reasons, but the last one week has offered enough to fill newspaper pages. While the government wants the banks to pay tax on the … Read more
Why Customs is yet to implement Tinubu’s order on import duties …C0NTINUE READING HERE >>> President Bola Tinubu had directed the suspension of import duties and taxes on essential food stuffs to reduce inflation. However, the Nigeria Customs Service (NCS) was yet to begin the implementation. TheNewsGuru.com (TNG) reports Comptroller General of NCS, Bashir Adeniyi … Read more