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…

The Ikole Local Government Council in Ekiti on Monday said an award of recognition would be given to hardworking tax collectors in the council. The Coordinating Director of the council, Mr Olatunbosun Fasanmi, said this in an interview with the News Agency of Nigeria (NAN) in Ikole-Ekiti. He said award of recognition and cash prize…

Former National Vice Chairman of All Progressives Congress (APC), South-West Zone, Chief Pius Akinyelure and the Deputy Chairman, Lagos State Chapter of the party, Mr. Sunny Ajose, have appealed to citizens of Lagos State to take the issue of their tax remittance as a matter of must to enable the Governor-elect, Mr. Babajide Sanwo-Olu and…

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…

Chairman, Heirs Holdings, and Founder, Tony Elumelu Foundation (TEF), Tony O. Elumelu, has called for far-reaching tax reforms, while urging the National Assembly to urgently pass the Executive Tax Bill into law. Elumelu made the call during his keynote address at the 21st Annual Tax Conference of the Chartered Institute of Taxation of Nigeria (CITN),…

President Emmanuel Macron Thursday promised significant tax cuts but also a return to public order in France as he revealed his long-awaited response to nearly half a year of street protests. In the first formal domestic news conference of his entire presidency, Macron steered clear of bombshell announcements but promised the French a more humane…

Section 14(2)b of the constitution of the Federal Republic of Nigeria states that “the security and welfare of the people shall be the primary purpose of government”. In this simple statement, the continued survival of government, constitutionally, is hinged solely on its ability to provide public goods and services that would guarantee security and wellbeing…

Mr. Kola Babarinde is a consummate tax practitioner who has passed through the rigours of learning and career development to attain the Fellowship of the Chartered Institute of Taxation of Nigeria (CITN). He is the Chairman of the 21st Yearly Tax Conference of CITN, which kicked off today, in Abuja. In this interview with Assistant…

The Lagos Chamber of Commerce and Industry (LCCI), has called for the immediate review of Nigeria’s automotive policy in line with its limitations to drive investments, development, create jobs, and boost the economy. It noted that the policy initiated by former President Goodluck Jonathan’s administration in 2013, not only failed to achieve the desired result,…

FCMB Group Plc has posted a gross revenue of N177.4 billion, for the financial year ended December 31, 2018, an increase of 4.3 per cent compared to the N169.9 billion for the same period in 2017. It also reported a rise in profit before tax rose by 73 per cent to N18.4 billion, against N11.5…

For Nigeria to attract more foreign investments, government must minimise tax uncertainties, by ensuring that it plans tax reforms such that the content and timing is clearly communicated to tax payers, while maintaining the high investment returns. This would enable the country to be continually identified by business leaders as an investment destination and the…

The Federal Government has insisted that telecommunications firm, MTN, must pay the $2 billion tax penalty slammed on it by the office of the Attorney-General of the Federation. At hearing of the case yesterday, government lawyer, Tijani Gazali, according to Bloomberg, prayed the Lagos High Court to throw out the Johannesburg-based company’s application to stop…