Pakistan blocks 210,000 SIM cards to encourage tax payment
Pakistan’s tax authority said Thursday it has blocked 210,000 SIM cards of users who have not filed tax returns in a bid to widen the revenue bracket. Only 5.2 million people of
Leveraging reforms for efficient tax administration, revenue generation
“Our new Constitution is now established, and has an appearance that promises permanency; but in this world, nothing can be said to be certain, except death and taxes,”
N1.7 trillion tax revenue hangs on pending litigations
The Federal Inland Revenue Service (FIRS) has disclosed that at least N1.7 trillion collectible tax revenue is currently unrealisable because of the dispute between the service
Nigeria courts double digit deficit financing amid fiscal indiscipline
As the Federal Government continues to explore new measures of raising revenue through tax reforms, there are concerns that no amount of tax revenue will be enough to finance...
LIRS fixes January 31 as deadline for filing tax returns
The Lagos State Internal Revenue Service (LIRS) has called on taxpayers to file their last year’s tax returns before or on January 31, 2022.
Concerns over Lagos’ increased IGR target to fund budget
Despite being a sub-national entity, the Lagos State government made a bold statement with its N1.758t fiscal budget for 2022, which is the biggest ever appropriation by the state.
Proposed tax increase in 2022: Matters arising
The perennial clamour by Zainab Ahmed, the Minister of Finance, Budget and National Planning for more revenue to run the national economy is continually under the display.
The unwarranted tax on domestic gas
The unchecked increases in the price of domestic gas in the country over the past months is a classic example of the government’s ineptitude and lack of concern for the average citizen
Report calls for stronger incentives for MSMEs in states
Consultant, Lexworth Legal Partners, Yetunde Olasope, has said that the creation of incentives for micro small and medium enterprises (MSMEs) in state laws would strengthen
Spanish court annuls Barcelona defender Pique’s tax bill
Spain's Supreme Court said Wednesday it had annulled a lower court ruling ordering Barcelona defender Gerard Pique to pay the country's tax office 2.1 million euros in back taxes and fines.
Presidency denies TIN requirement to operate a bank account
A source at the presidency has disclosed that there is no provision in the 2022 Finance Bill before the National Assembly that requires Nigerians to have a tax identification number
FG unveils special incentives for investors in agricultural sector
In an effort to improve private sector participation in the agricultural sector the Federal Government yesterday, disclosed that it had designed investment incentives to support high-level private sector
Group urges expansion of tax net to check escalating debt service rate
Initiative for Leadership and Economic Watch in Nigeria (ILEWN) has called on the Federal Government to expand the nation's revenue base by 30 per cent through tax collection to cushion