Ahmed orders state IRS to raise N5bn monthly
As part of efforts to meet up with Kwara State Government’s monthly statutory commitments and ensure necessary infrastructural development, the newly established Kwara State Internal Revenue Service (KWIRS) has been directed to raise the state's internally generated...
Banks in free trade zones to get tax, duty waivers
The Central Bank of Nigeria (CBN) has said it would henceforth grant tax and duty waivers to banks operating in the Free Trade Zones (FTZs). The incentives, contained in the guidelines for banking operations in FTZ include freedom to move funds in and out of the zone...
Anambra seals 15 buildings over tax evasion
The Anambra State Government has sealed off 15 buildings in Nnewi, a commercial city in the state, for tax evasion. The buildings are three filling stations, two residential homes, one private school and one hospital. The Anambra Property and Land Use Charge carried...
Nigeria loses N650b to NLNG tax holiday Firm disagrees, says investment has yielded $33b dividend
TAX incentives by the Federal Government to the Nigeria Liquefied Natural Gas (NLNG) Limited has deprived the nation of about $3.3billion or N650 billion at an exchange rate of N197 to the dollar from 1999 when it began operations, according to a report. The report by...
Lawyer docked for failure to file tax returns
A Benin-based lawyer, Kingsley Obamogie, has been dragged before a Mobile Revenue Court sitting in Benin by the Edo State Board of Internal Revenue Board, over failure to file tax returns. Obamogie was arraigned on a two-count charge bordering on failure to file his...
2016 Budget-Senators urge Buhari to increase taxes
Senators have urged President Mohammadu Buhari, to increase taxation in the country, to enable the government meet up the required revenue to implement the 2016 budget, given that huge financial shortfall is expected from the revenue projections made in the budget...
Project Implementation-World Bank, EU Score Oshiomhole high
The World Bank and the European Union in Benin City has scored Edo State Governor, Comrade Adams Oshiomhole high on its project implementation in the State which is being funded through partnership between the world bodies and Edo State Government. The representatives...
EIRS SENSITIZES FMDAs on Compliance to Tax Laws
EIRS sensitizes tax payers on filing of tax returns
Police, EIRS partner for effective tax collection in Edo
The Nigeria police force, Edo state command has reinstate its commitment to promoting law and order in the state even as it reel out ways through which men of the force and the Internal Revenue Service can collaborate for effective tax administration. Police...
