Tag "Taxes"

    Oyo: Churches, mosques with revenue-earning businesses will pay tax

Oyo: Churches, mosques with revenue-earning businesses will pay tax

The Oyo state government says churches and mosques with revenue-generating ventures and businesses will not be exempted from paying taxes and applicable levies.John Adeleke, executive chairman of the Oyo state internal revenue service, made this known while addressing journalists in Ibadan, the state capital, on Sunday.He said the government is working to capture other areas that had not been explored [...]

0 comment Read Full Article
    Aregbesola: If confirmed, I will introduce heavy taxes for wealthy Nigerians

Aregbesola: If confirmed, I will introduce heavy taxes for wealthy Nigerians

Rauf Aregbesola, a ministerial nominee from Osun and former governor of the state, says he will impose heavy taxes on high net-worth individuals if he eventually becomes a minister.Aregbesola made this known on Monday while responding to questions during his ministerial screening.Theodore Orji, the senator representing Abia central, had asked Aregbesola to share his opinion on multiple taxation and how [...]

0 comment Read Full Article
    We are burdened by taxes, telcos lament

We are burdened by taxes, telcos lament

The Association of Licensed Telecommunications Operators in Nigeria (ALTON) says its members are burdened by taxes.The association said multiple taxes have been impacting negatively on their operations adding that the 2015 Amended Taxes and Levies Order has led to the imposition of arbitrary levies and charges on telecom firms by state governments.Addressing journalists on Tuesday, Gbenga Adebayo, ALTON chairman, said [...]

0 comment Read Full Article
    Only 600,000 Lagosians are ‘up to date with tax’

Only 600,000 Lagosians are ‘up to date with tax’

Steve Ayorinde, Lagos state commissioner for information and strategy, says only 600,000 Lagosians have paid their taxes up to date.The state has a population of over 18 million people.In a statement on Monday, the commissioner said the Lagos state government had directed all its revenue agencies to enforce tax payments.Ayorinde said Akinwumi Ambode, governor of the state, has expressed concern over [...]

0 comment Read Full Article
    REVEALED: FG plans 5-year jail term for celebrities who evade taxes

REVEALED: FG plans 5-year jail term for celebrities who evade taxes

The federal government has fine-tuned plans to punish and possibly jail entertainers who evade taxes after the nine-month grace period set out by the recently launched voluntary asset and income declaration scheme (VAIDS).TheCable learnt that for 15 months, the federal government via various agencies and departments, to include the private sector, has been gathering information on tax compliance of many [...]

0 comment Read Full Article
    Osinbajo signs executive order, says death and taxes are inevitable

Osinbajo signs executive order, says death and taxes are inevitable

Acting President Yemi Osinbajo has signed yet another executive order backing the implementation of the voluntary assets and income declaration scheme (VAIDS).The order was signed on Thursday morning at the state house banquet hall in Abuja to ensure that the scheme, as designed by the ministry of finance, is backed by the full force of the law, leads to the [...]

0 comment Read Full Article
    Google asks Nigeria to simplify taxes, stem multiple payment

Google asks Nigeria to simplify taxes, stem multiple payment

Juliet Ehimuan-Chiazor, the country manager for Google in Nigeria, has asked the Nigerian government to simplify taxes and end multiple taxation.Ehimuan-Chiazor, also requested that the government should reduce fees involved in laying fibre optic cables to encourage development of infrastructure for the technology industry.Speaking to Reuters, the Google boss said boosting the technology industry would help diversify Nigeria's oil-dependent economy."The [...]

0 comment Read Full Article
    66% of Nigeria’s tax revenues goes to debt servicing, says IMF

66% of Nigeria’s tax revenues goes to debt servicing, says IMF

The International Monetary Fund (IMF) says 66 percent of Nigeria's tax revenues is spent on servicing debts, calling on the country to raise taxes.Speaking at the IMF Fiscal Monitor briefing in Washington on Wednesday, Vitor Gaspar, director of the fund's Fiscal Affairs department, said he is happy the Nigerian government now sees taxation as a path to development."I had the [...]

0 comment Read Full Article
    No plans to increase taxes, says FG

No plans to increase taxes, says FG

Udoma Udoma, minister of budget and national planning, says the federal government has no intention of increasing taxes.In a statement signed by Akpandem James, Udoma's media adviser, the minister said the government is working towards broadening its tax revenue base.According to the statement, Udoma made the clarification while responding to a comment by Ben Bruce, a senator, at a public [...]

0 comment Read Full Article
    IMF: Nigeria’s economic challenges create difficulties for its neighbours

IMF: Nigeria’s economic challenges create difficulties for its neighbours

The International Monetary Fund (IMF) says Nigeria is creating economic difficulty for its neighbours, being a very important of economy in the west African region.Speaking at a press briefing on the IMF Fiscal Monitor report in Washington, Catherine Pattillo, head, fiscal policy and surveillance division, IMF fiscal affairs department, said Nigeria's challenges were hurting its neighbours.“The slump in oil production and [...]

0 comment Read Full Article
Advertisement
Advertisement
Advertisement

Advertisement

Exchange Rates

November 06, 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.
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement