The duo; Tigran Gambaryan and fleeing Nadeem Anjarwalla and their company, are facing allegations bordering on tax evasion.
Browsing: Tax
Dangote Cement Plc, a subsidiary of Dangote Industries Limited, (DIL), said it paid a total of N412.9 billion into the coffers of the Federal Government as tax for three consecutive years.
FBN Holdings Plc says it has recorded a profit before tax of N206 billion for the first half of 2023 financial year.
This was the position held by the Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami during his opening remarks at the launch of the Public Finance Database by the Nigeria Governors’ Forum at the Wells Carlton Hotel, in Abuja, on Tuesday, last week.
The FIRS, in a press release signed by the Executive Chairman, Muhammad Nami, appreciated the country’s taxpayers
This was stated during a presentation by the Executive Chairman of the FIRS, Muhammad Nami recently at a Technical Assistance Programme organized by African Tax Administrators’ Forum’s (ATAF) with the theme “Member’s Needs and How To Broaden the Collaboration,” held in Lomé, Togo.
Declaring open the second National Tax Dialogue Week, the President expressed concern at the current tax system in the country, characterised by fragmented administration, multiple and sometimes, overlapping taxes.
Subair received the Award of Recognition at a gala night held at the Civic Centre, Victoria Island, Lagos, to mark the end of the two-day meeting hosted by the Lagos State Government and LIRS.
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.
This was contained in statement on Wednesday in Abuja, jointly signed by Bernard Enyia, the Coalition Co-chair and Secretary General of the Diabetes Association and Vivianne Ihekweazu, Co-Chair and Managing Director of Nigeria Health Watch.
Emeka Grahams, Chairman of the association, spoke with the News Agency of Nigeria on Sunday, on the issue.
The five-member TAT led by its chairman, Professor A. B. Ahmed, issued the order following an application to it by the counsel to FIRS.
On July 15, the state government said it introduced cattle tax as part of efforts to boost Internally Generated Revenue (IGR).
According to the Central Bank of Nigeria (CBN) monthly economic report, the government’s revenue fell below its benchmark, owing to the decline in non-oil receipts, resulting from the lingering effects of the COVID-19 pandemic on business activities and shortfalls in tax revenue.
Its Chairman, Muhammad Nami, announced the anticipation in Abuja on Thursday while defending the Service’s 2021 budget before the House of Representatives Committee on Finance.
Daibu Abubakar, the Press Secretary, Ministry of Finance and Planning, disclosed this in a statement issued on Saturday in Ilorin.
Speaking, virtually, at the First National Tax Dialogue held at the Conference Hall of the State House, the President ordered all government agencies to automate operations and ensure more synergy in advancing the interest of the nation in revenue generation.
In an interview with the News Agency of Nigeria in Abuja on Tuesday, Salifu said government must enact a sustained policy of import substitution to boost local production with a view to creating jobs for the youth.
The LIRS took to their official Twitter account to congratulate Laycon and remind him about paying his tax.