Peoples Democratic Party (PDP) senatorial candidate for Lagos Central, Chief Adesunbo Onitiri, has called for immediate cancellation of toll collection on Lekki-Epe expressway in the interest of motorists and commuters plying the road. He also called for the reduction of taxes and levies imposed on residents by the state and councils. In a statement in…

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Chartered Institute of Taxation of Nigeria (CITN) have strengthened their ties with the signing of a Memorandum of Understanding to collaborate on training of officers of the commission.   The signing of the MoU, which was effected at the commission’s headquarters, was witnessed by…

C&I Leasing Group has achieved gross earnings of N19.9 billion in its unaudited result for the nine months ended September 30, 2018, or 15.7 per cent rise against N17.2 billion recorded in the corresponding period of 2017.   Also, the Group posted profit after tax of 1.2 billion representing 25 per cent increase over N950…

A report the other day that the Federal Government has resorted to requesting the International Monetary Fund (IMF) and the Group 24 (G24) countries for assistance in “identifying assets of Nigerians overseas and of International Oil Companies (IOCs) doing business in the country (Nigeria) for proper inventory for the purpose of effective taxation” is curious…

The Federal Government says that at the end of the third quarter of 2018, 209 tax appeal cases amounting to 18.8 billion dollars, 0.8 million Euros and N205.6 billion are pending across the zones. Mr Mahmoud Isa-Dutse, the Permanent Secretary, Ministry of Finance, said this on Monday in Abuja, at the inauguration of commissioners of…

As the Office of the Citizen is becoming increasingly proactive about accountability and transparency in the governance process, it is also important for citizens and those in authorities to note the correlation between diligent tax collection....

Although, it is expedient that every company should pay provisional tax not later than three months from the beginning of each year of assessment, which is an amount equal to the tax paid in the previous year of assessment, experts are however questioning the move to use property value to determine figures charged as company…

Delta Air Lines has reported financial results for the September quarter 2018, with adjusted pre-tax income put at $1.6 billion while adjusted earnings per share was $1.80. Adjusted earnings per share were up 16 per cent compared to the prior year quarter, driven by revenue momentum, tax reform benefits and a four per cent lower…

United Bank for Africa Plc has posted N374.8 billion gross earnings in its third quarter operations, representing 12.3 per cent rise over N333.9 billion recorded in the corresponding period in 2017. Specifically, the bank’s unaudited 2018 third quarter results showed impressive growth in gross earnings, which berthed at N374.8 billion, an 12.3 percent increase when…

Alliance for Affordable Internet (A4AI), global internet advocacy group has frowned at the growing number of African governments that levy taxes on internet services and applications saying it is preventing millions of citizens from accessing the internet. The organisation says its mobile broadband pricing update shows that Africans are charged the most to connect to…

The New York state tax department said Tuesday it is investigating reports that President Donald Trump helped his parents dodge millions of dollars in taxes and received far more money from his father's real estate empire than he has claimed in the past.

In a complicated federation where fiscal responsibility, civic duty and even corporate citizenship have become part of complex challenges, a report the other day about the closure of premises of tax defaulting businesses in Ibadan, Oyo State capital, by the state government should be understood and not taken as a political witch-hunt. According to reports,…