Rwanda scraps tax on sanitary pads to aid poor girls
Rwanda announced Wednesday it was scrapping an 18 percent value-added tax on sanitary pads to make them cheaper for girls who are often forced to skip school during their periods.
Anglican primate flays Aregbesola’s taxing of Christian marriage
Primate of All Nigeria (Anglican Communion), Revd. Nicholas Okoh has joined the Christian Association of Nigeria (CAN) as well as the Pentecostal Fellowship of Nigeria (PFN)
Governors back 7.5% VAT increase as Senate okays finance bill
State governors yesterday expressed support for the Finance Bill, which seeks to increase Value Added Tax (VAT) from five per cent to 7.5 per cent. Vice-chairman of the Nigerian Governors Forum (NGF) and Sokoto State Governor Aminu Tambuwal disclosed this at the NGF monthly meeting in Abuja.
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).
How N3.4 billion premium is raising investors recapitalisation hopes
Recapitalisation is a form of a corporate reorganisation, which involves making substantial changes to a company’s capital structure. It is one of the strategies companies use to improve their financial stability. Currently, the insurance industry is undergoing the process.
Experts express support for tax increases
Tax practitioners, yesterday, urged the Federal Government to conserve revenue from oil and gas, and focus on tax to increase funding for government expenditure.
Reinventing tax management in business, finance strategy
A tax strategy must be intrinsically linked to the commercial and overall strategic objectives of an organisation. This is because poor tax management and lack of governance can have a negative commercial impact on the business.
Court bars FIRS from enforcing VAT on goods consume in hotels
Justice Rilwanu Aikawa of the Federal High Court in Lagos has barred the Federal Inland Revenue Services (FIRS), from enforcing VAT provisions on goods and services consumed in hotels, restaurants and event centres in Lagos State.
US federal judge says Trump must produce tax returns
A US federal judge in New York on Monday dismissed President Donald Trump's efforts to block access to years of his personal and corporate tax returns, saying sitting presidents are not immune from criminal investigations.