Sanwo-Olu promises not to hurt residents over tax drive
Lagos State Governor Babajide Sanwo-Olu yesterday said that the drive to increase the state’s Internally Generated Revenue (IGR) would not hurt the residents. He also pledged not to tamper with the autonomy enjoyed by the Lagos State Internal Revenue Service (LIRS).
‘Collection of police fund from companies' net profit is wrong’
A former Accountant-General of the Federation (AGF), Dr James Kayode Naiyeju, has criticised the collection of the Nigeria Police Trust Fund from corporate organisations' net profit, describing it as a step in the wrong direction.
CITN offers FIRS complementary role in tax drive
The Chartered Institute if Taxation of Nigeria (CITN) has said the nation’s tax system has witnessed some progress, but yet to reach the desired objectives as regards taxation in the country.
CITA weakens Nigeria’s ability to attract investment
Until the provisions of the Company Income Tax Act (CITA), which impose double taxes on companies’ profits are amended, Nigeria may not attract holding company investments, especially the commencement rules.
Sanwo-Olu tasks institute on deepening taxation practice
Gov. Babajide Sanwo-Olu of Lagos State has tasked the Chartered Institute of Taxation of Nigeria (CITN) to be proactive on deepening taxation practice in Nigeria.
‘Non-remittance of taxes by MDAs frustrates compliance’
The Chartered Institute of Taxation of Nigeria (CITN), has said the non-remittance of taxes by some Federal Government agencies...
CITN begins distribution of stamp, seals for tax returns to members
The Chartered Institute of Taxation of Nigeria (CITN) has begun the distribution of its stamp and seal to its certified members, just few months after it emerged that tax returns without the institute’s authentications would be rejected. The presentation marks the full kick off of the implementation of the new directive that all tax…
Experts’ assessment, recipe for Nigeria’s tax system
The nation’s tax system has been agog, at least in the last three years, than it has ever been in more than 10 years past. Riding on the back of the country’s fiscal crisis, the present administration, like “hunting without barriers,” raved up the campaign for honour to civil obligations. Granted, the campaign is yielding…