Apple has completed payment of 14.3 billion euros ($16.7 billion) in back taxes to the Irish government, Dublin said Tuesday, following a European Commission ruling that the tech giant had benefitted from illegal tax breaks in the country.

Spain's taxman has dropped accusations that Colombia's James Rodriguez evaded millions of euros in taxes when he played at Real Madrid, the El Mundo daily reported Tuesday.

The Oyo State Government yesterday shut down no fewer than 20 branches of 13 banks in Ibadan for failure to pay their annual environmental development levy. The State Inter-Ministerial Enforcement Unit that carried out the operation arrived the affected banks about 9am and stopped their operations after placing sealed notices on the property. The Guardian…

Investors coming into Nigeria, especially the telecommunications sector, have been guaranteed a 30 per cent cut in company income tax payment payable to the government. Besides, there will be relaxation of monetary and fiscal policies; access to foreign exchange; reduction in waivers and Custom Duties and be opened to improved ease of doing business. Executive…

The Federal Inland Revenue Service (FIRS) has said it generated N3.5 trillion for Federal Government between the months of January and September 2018.   The Executive Chairman, FIRS, Tunde Fowler, who disclosed this in Lagos, during a stakeholders meeting, said the amount generated was N1trillion higher than the revenue it recorded in the corresponding period…

Austine Avuru, a co-founder of Seplat, was appointed Chief Executive Officer on May 1, 2010. Prior to joining Seplat, Avuru spent 12 years at the Nigerian National Petroleum Corporation (NNPC), beginning from 1980, where he held various positions including wellsite geologist, production seismologist and reservoir engineer. In 1992, he joined Allied Energy Resources in Nigeria,…

The Benue Internal Revenue Service (BIRS) has terminated the contracts of all revenue collecting agents with immediate effect.   The affected tax agents have been directed to recall all their workers and stop further operation immediately. Acting Executive Chairman of BIRS, Mr. Terzungwe Atser, who gave the order in Makurdi, also directed staff of the…

The Nigeria Employers’ Consultative Association (NECA) has urged state governments to operate within the ambit of the law by creating an enabling environment for businesses to thrive and continue to contribute to the growth of the nation. The Director General of NECA, Olusegun Oshinowo, who disclosed that businesses in Nigeria are encumbered with the payment of…

Transcorp Hotels Plc has posted a turnover of N8.01 billion for the first half of 2018 ended June 30.    The company’s report also showed significant growth in the period, recording a profit before tax of N2.02billion and earning per share of 17.84 Kobo .   Transcorp Hotels delivered a 29 per cent year-on-year growth in revenue…

Spanish tax authorities have given their ok for football superstar Cristiano Ronaldo to pay close to 19 million euros ($22 million) to settle a tax fraud claim, prosecutors said Friday.

India has withdrawn a controversial tax on sanitary pads following a vocal campaign led by activists and Bollywood stars to boost female education and empowerment. Saturday's announcement is part of a slew of changes to the national goods and services tax (GST) intended to reduce the prices of around 90 key consumer goods, many of…

Cristiano Ronaldo has paid the Spanish tax man £12.1million and accepted a two-year suspended prison sentence. It appears the 33-year-old Juventus forward is wasting no time clearing debts and cutting all ties with Madrid and Spain following his transfer from Real to Juve. There are also suggestions he plans to pull his business interests out…