Thursday, August 1, 2019

Tag "Joint Tax Board"

    ANALYSIS: The ups and downs of tax reforms under Buhari

ANALYSIS: The ups and downs of tax reforms under Buhari

It is now almost three years since Isaac Ayoola concluded his National Youth Service Corps (NYSC) programme but with no job in the formal sector yet. His dream has always been to work in the bank and while he waited during those years, he did not waste time upon leaving school to enrol for a software development training to hone [...]

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    Private sector says Nigeria has lost N6 trillion to Apapa gridlock

Private sector says Nigeria has lost N6 trillion to Apapa gridlock

Members of the private sector under the aegis of the Nigeria Employers’ Consultative Association (NECA) says N6 trillion revenue has been lost to the Apapa gridlock.Speaking at its recently held 62nd annual general meeting, Mauricio Alarcon, NECA's second vice president, said there is an urgent need for policy reform so that businesses can operate optimally.Alarcon said the operational hiccups still [...]

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    FIRS: Multiple taxation of small businesses will soon be resolved

FIRS: Multiple taxation of small businesses will soon be resolved

The Federal Inland Revenue Service (FIRS) says incidences of multiple taxation will soon end because it has started harmonising taxes to be paid.NAN reports that Babatunde Fowler, executive chairman of FIRS, announced this on Friday at a roundtable discussion on women and the informal sector.The roundtable was organised by the Centre for Democracy and Development (CDD) in Abuja.Fowler, who was [...]

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    Adeosun: Thousands will get letters to pay up their taxes

Adeosun: Thousands will get letters to pay up their taxes

Kemi Adeosun, minister of finance, says thousands will get letters advising them to pay up the differences in their taxes and take advantage of the Voluntary Assets and Income Declaration Scheme (VAIDS).Adeosun disclosed this during the weekend while speaking at workshop organised by the federal ministry of finance, Federal Inland Revenue Service and Joint Tax Board for lawyers, accountants and [...]

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    The taxpayers in other parts of the country are ‘not up to 50%’ of those in Lagos

The taxpayers in other parts of the country are ‘not up to 50%’ of those in Lagos

Oseni Elamah, executive secretary of the joint tax board (JTB), says the taxpayers in other parts of the country are not up to 50% of those in Lagos.Elamah, who made this statement while speaking in Abuja, said state governments would benefit greatly from the implementation of Voluntary Assets and Income Declaration Scheme (VAIDS).VAIDS is an initiative of the ministry of [...]

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    NO ESCAPE: FIRS, states collaborate to track high net worth individuals

NO ESCAPE: FIRS, states collaborate to track high net worth individuals

The joint tax board (JTB) and the Federal Inland Revenue Service (FIRS) says it has started sharing information of high net worth individuals to profile their income and tax payments to ensure they pay the appropriate taxes.Speaking at the 138th meeting of the JTB on Sunday, Babatunde Fowler, executive chairman of the FIRS, said 12 states have signed the memorandum [...]

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Exchange Rates

August 01, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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