After scaling Second Reading during plenary on Thursday, the President of the Senate, Senator Godswill Akpabio referred the four bills to the Senator Sani Musa, APC, Niger East led Committee on Finance to carry out other legislative action and report back in six weeks.
Browsing: Tax
The report by the African CSOs was titled: “Sweetened Profits: The Industry’s Playbook to Fight Sweetened Beverage Taxes.”
In the spirit of the above argument, President Bola Ahmed Tinubu in a letter to the Senate urged them to amend the 2023 Finance Act to impose a one-time windfall tax on banks’ foreign exchange (FX) gains.
“Data from our records indicates that 39 people have died and 361 injured in relation to the protests countrywide,” it said.
The talk centred on Zacch Adedeji, the barely nine-month on the job Chairman of the Federal Inland Revenue Service.
The Accountant General of the Federation, Oluwatoyin Madein, made the disclosure on Wednesday in Abuja.
Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, said this on Sunday in Abuja.
The duo; Tigran Gambaryan and fleeing Nadeem Anjarwalla and their company, are facing allegations bordering on tax evasion.
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.