Sunday, November 18, 2018

Tag "Tax defaulters"

    IN DETAIL: Nigerians now to pay tax on foreign income and assets — or face the law

IN DETAIL: Nigerians now to pay tax on foreign income and assets — or face the law

President Muhammadu Buhari on Wednesday signed an executive order directing Nigerian taxpayers to voluntarily declare and pay tax on their offshore assets.The new executive order No. 8 is tagged Voluntary Offshore Assets Regularisation Scheme (VOARS) and went into effect same day the president signed it.It is still being debated if such a major tax reform should come in form of [...]

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    FIRS: We’re going after bank accounts of billionaire tax defaulters

FIRS: We’re going after bank accounts of billionaire tax defaulters

Tunde Fowler, chairman of Federal Inland Revenue Service (FIRS), says the service will soon go after the bank accounts of defaulting taxpayers who are billonaires.Fowler, who disclosed this at a stakeholders’ meeting in Lagos, said most of such taxpayers, have between N1bn and N5bn in their accounts.He said such individuals have no taxpayer identification number (TIN) while those who have [...]

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Exchange Rates

November 16, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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