Both parties announced the Agreement in a joint press release issued on Wednesday in Abuja.
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This was stated by the Executive Chairman of the FIRS, Muhammad Nami, in a keynote address at the KPMG’s Webinar.
Reports said the wife, who is from Aku in Igbo Etiti LGA, Enugu State, alerted one of her brothers through the phone early Monday morning
The approval by Senate was sequel to the consideration of a report by the Committee on Finance during plenary chaired by Senator Solomon Olamilekan Adeola
Prof. Osinbajo made this assertion Monday during the MSME Clinics Stakeholders’ review meeting at the Presidential Villa, attended by heads and representatives of agencies including SMEDAN, BOI, NEXIM, BOA, SON, FIRS, NAFDAC and others.
Ahmed made this known while addressing stakeholders at a public hearing on the 2021 Finance Bill organsied by the House of Representatives Committee on Finance on Monday in Abuja.
Ahmed made this known while addressing stakeholders at a public hearing on the 2021 Finance Bill organsied by the House of Representatives Committee on Finance on Monday in Abuja.
Also, the bill when passed into would also prohibit anyone without Tax Identification Number from opening bank account in account.
Senate President, Ahmad Lawan, read the letter on the floor of the Upper Chamber during Tuesday’s plenary.
This was contained in a statement by Johannes Wojuola, Special Assistant to Nami on Media and Communication.
It is unlikely to be otherwise, particularly with the wildly different rulings it delivered in very similar matters it ruled on.
The company, which made its position known in a statement released on Wednesday evening, also said it would lodge an appeal against the ruling at the Federal High Court, adding that the TAT ruling was based on technicality rather than the merits of the case.
It is widely agreed by economic experts that tax revenue, not resource revenue, is the most reliable source from which the country can fund her development aspirations as happens in the world’s most progressive societies. Currently, tax compliance in Nigeria is still meagre. Speaking earlier this month at ‘Public Presentation and Breakdown of the Highlights of the 2022 Appropriation Bill,’ Mohammed Nami, Chairman of the Federal Inland Revenue Service (FIRS), disclosed that Nigeria has 41 million taxpayers among its 200 million population.
The new rules were approved on 10 June to replace the TAT (Procedure) Rules, 2010.
“I am an advocate of strict tax compliance and I desire to see the tax affairs of every business in the country put under scrutiny, scientifically. But the way FIRS came up with the figure it attributed to MultiChoice is anything but scientific. The consultants hired by the FIRS to carry out an audit just manufactured figures that look very illiterate. I am not sorry to say,” he said.
The appeal by the FIRS is against the August 9, 2021 judgment by Justice Steven Pam of the Federal High Court in Port-Harcourt, voiding the Value Added Tax (VAT) Act and holding the states could collect VAT.
The Executive Chairman of FIRS, Mohammad Nami, gave the advice at 7th IGR Learning Event on Wednesday in Abuja.
The Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami, said this in an interview with the News Agency of Nigeria (NAN) in New York while speaking on the disagreement over the collection of VAT between FIRS and the Rivers State government.
This it said facilitated the generation of over N664 billion in June 2021, the highest ever generated sum in a single month since the outbreak of COVID-19.
This, it said, would enable businesses to know what to do.