Category Archives: tax

Delta govt seeks compliance with new consumption tax

By Egufe Yafugborhi WARRI—Delta State government has urged residents to comply with the new Consumption Tax as the state’s Board of Internal Revenue, DBIR, perfects its implementation modalities. Executive Chairman of the DBIR, Sir Monday Onyema, made the appeal at the Warri head office of the board, where he briefed the media on the new […]

Adverse tax on dividends scares investors – Anono

Multiple taxation, especially double taxation of dividends has always been a burning issue in the Nigerian capital market. In this interview with Financial Vanguard, Mr. Godwin Anono, Chairman, Nigeria Professional Shareholders Association, NPSA, said it is disincentive to investment in the stock market and called on the federal government to cut tax. By Nkiruka Nnorom […]

FIRS moves to combat tax evasion, signs multinational agreemeents

EXECUTIVE Chairman of Federal Inland Revenue Service, FIRS, Mr. Tunde Fowler, has signed two major multilateral instruments – Multilateral Convention to Implement Tax Treaty Related Measures to prevent Base Erosion and Profit Shifting, MLI, and the Common Reporting Standard Multilateral Competent Authority Agreement (CRS MCAA). Fowler signed the agreements on behalf of Nigeria in Paris, […]

No Nigerian can evade tax payment with VAIDS– FIRS boss

The Chairman, Federal Inland Revenue Service (FIRS), Mr Babatunde Fowler says with the introduction of Voluntary Assets and Income Declaration Scheme (VAIDS), no Nigerian can evade tax payment. Fowler said this at the 138th Quarterly Meeting of the Joint Tax Board (JTB) on Monday in Abuja. The theme of the meeting was “Administering Voluntary Assets […]