Court strips finance minister of tax law amendment power
Justice Ayokunle Faji of a Federal High Court, Lagos has stripped the Minister of Finance of power to amend the Taxes and Levies (Approved List for Collection) Act 2004.
Councils in cross river may seek review of tax exemption law
The newly inaugurated 18 Local government councils of Cross River State may soon interface with the State government on a possible review of the governor’s recent tax exemption law.
With New Cross River Traffic Law, tax exemption for the poor is meaningless, Motorists
Cross River State government has directly or indirectly reintroduced tax payment by the poor and less privileged in the state with the introduction of a new traffic regulatory law and agency.
Lagos extends filing of annual tax returns to mitigate COVID-19 impact
Lagos State Government, in her continuous effort to provide the much-needed relief to tax-payers and mitigate the economic impact of COVID-19 pandemic
Experts worried about banks’ growth amid pandemic, falling oil price
Experts have expressed fears about the bubble that may arise in the banking sector, should government fail to provide a favourable business environment that would boost performance
FCMB Group records N188b revenue, N20.1b profit
CMB Group Plc has announced its financial results for the year ended December 31, 2019. The audited results showed that the Group’s gross revenue increased
Discontent over proposed tax on unoccupied buildings in Abuja
The plan by the Federal Capital Territory Administration (FCTA) to tax unoccupied buildings in Abuja might have sent shivers down the spines of major stakeholders
‘How government can create efficient tax management system’
Experts have underscored the need for the tax authority to streamline tax activities, especially the collection process and make it more flexible in order to achieve the objective of taxation.