Tax reform bills propose new sharing formula, cede 55% to States …C0NTINUE READING HERE >>> The Senate on Thursday resumed its debate on the Tax Reform Bills. The bills are a set of four legislative proposals to increase Value-Added Tax (VAT) distributable to the sub national governments to 55 per cent while reducing the federal … Read more
Tinubu’s controversial tax reform Bills scale through second …C0NTINUE READING HERE >>> The Senate has passed four controversial tax reform bills proposed by President Bola Tinubu for second reading. The bills passed second reading after Opeyemi Bamidele, Majority Leader of the Senate, led a debate on them on Thursday. This comes after several political leaders … Read more
Oyo govt reveals actions to be taken against tax evaders …C0NTINUE READING HERE >>> The Oyo State Government may soon be using legal action against residents and business owners domiciled in the state who evade the payment of taxes, an official said on Friday. Mr Olufemi Awakan, the Executive Chairman of Oyo State … Read more
Senators Ndume, Sani Differ As Controversy Over Reform Tax Bill Rages …C0NTINUE READING HERE >>> President Tinubu transmitted Tax Reform Bill to NASS NASS Adjourns Plenary Till November 19, As Controversy Continues To Trail The Bill Northern Governors Forum, Ali Ndume Oppose The Bill As Sen. Shehu Sani Says The Bill Is Not Inimical To … Read more
Tinubu rejects NEC’s recommendation to withdraw tax reform bills …C0NTINUE READING HERE >>> President Bola Ahmed Tinubu has rejected the recommendation of the National Economic Council (NEC) to withdraw the tax reform bills, currently before the National Assembly (NASS). President Tinubu to NASS to go ahead with the tax reforms bills, stressing that … Read more
NEC recommends withdrawal of tax reforms bill …C0NTINUE READING HERE >>> The National Economic Council (NEC) has advised that the Tax Reforms Bill, currently before the National Assembly, be withdrawn. This recommendation was made on Thursday, following the council’s 145th meeting in Abuja. Gov. Seyi Makinde of Oyo State explained that the NEC noted the … Read more
CARTOON OF THE DAY: Mr President, the taxman and petroleum minister wasting fuel travelling all over the world …C0NTINUE READING HERE >>> CARTOON OF THE DAY: Mr President, the taxman and petroleum minister wasting fuel travelling all over the world | TheNewsGuru … Read more
FG Proposes Increase Of VAT From 7.5% To 10% …C0NTINUE READING HERE >>> The federal government is proposing to increase the Value Added Tax (VAT) from 7.5 percent to 10 percent. The executive bill to effect the increase and make it legal is already before the National Assembly, Henzodaily understands. According to a report published … Read more
Enugu govt clarifies mortuary tax …C0NTINUE READING HERE >>> The Enugu State Government says the Enugu Mortuary Tax is not meant to generate revenue but to discourage people from taking their dead ones to mortuary. The Executive Chairman, Enugu State Internal Revenue Service (ESIRS), Mr Emmanuel Nnamani, said this while reacting to Mortuary … Read more
Tax burden: Reps seek alternative revenue generation …C0NTINUE READING HERE >>> The House of Representatives has urged the Federal Government to consider alternative revenue generation strategies as against tax increment in the country. The call was sequel to the adoption of a motion by Rep. Peter Aniekwe (LP-Anambra) and five other lawmakers at … Read more