Introduction
My name is Nwachukwu Adaorah Kaima and I will be posting information related to tax matters on this site: please follow my blog @adataxmatters. wordpress.com. Thank you.
BREAKING! Presidential Panel Recommends 90% VAT Sharing To States / LGs
The Presidential Committee on Fiscal Policy and Tax Reforms has proposed increasing the share of Value Added Tax revenue going to the states and … The Presidential Committee on Fiscal Policy and Tax Reforms has proposed reviewing states’ and local governments’ share of the Value Added Tax revenue to 90 per cent , and reducing…
The presidential committee plans a tax revolution, exempting 95% of the informal sector
The Presidential Fiscal Policy and Tax Reforms Committee (PFPTRC), established earlier this year by President Bola Tinubu, has unveiled plans to overhaul Nigeria’s tax system, with a significant focus on exempting 95% of the informal sector from all taxes. Chairman of the Committee, Taiwo Oyedele, revealed this development to journalists at the close-out retreat of…
[Kenya] KRA and KNCCI collaborate to enhance tax compliance for MSMEs
Kenya Revenue Authority (KRA) will now collaborate with the Kenya National Chamber of Commerce and Industry (KNCCI) to sensitize Micro, Small, and Medium-sized Enterprises (MSMEs) to enhance tax compliance. The partnership signifies a significant step towards fostering a culture of tax compliance and promoting sustainable business practices within the MSME sector. Under the collaboration, KRA…
Okonjo-Iweala Advocates For Balanced Taxation Policies In Nigeria To Avoid Undue Burden On Citizens
The Director General, World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, asked the federal government to streamline its taxes and levies, arguing that though higher taxes may not be bad, they should not constitute an undue burden on the people. Okonjo-Iweala spoke in Abuja at the weekend at a gathering of Women in Leadership Nigeria, hosted…
What’s one small improvement you can make in your life?
What’s one small improvement you can make in your life? Relationship
Govt urged to be more transparent in tax collection, revenue allocation
The government has been urged to maintain transparency in tax collection and the allocation of revenue generated regularly to foster voluntary compliance. Managing Partner/CEO Okwudili Ijezie & Co, a chartered accountants firm, Blakey Ijezie, who made the appeal at the 4th edition of BLAKEY’s national tax conference in Lagos, also attributed poor tax paying culture…
Govt urged to be more transparent in tax collection, revenue allocation
The government has been urged to maintain transparency in tax collection and the allocation of revenue generated regularly to foster voluntary compliance. Managing Partner/CEO Okwudili Ijezie & Co, a chartered accountants firm, Blakey Ijezie, who made the appeal at the 4th edition of BLAKEY’s national tax conference in Lagos, also attributed poor tax paying culture…
CITN decries rising tax evasion
The Chartered Institute of Taxation of Nigeria has expressed its concern over the high level of tax evasion in Nigeria, especially among the wealthy class. The President of the institute, Samuel Agbeluyi, said that while fielding questions from newsmen during the 2024 Council Retreat with the theme ‘Making CITN the Professional Institute of Choice: Strategies…
Tax evasion: Enugu seals supermarkets
Enugu State Internal Revenue Service has sealed Enugu ShopRite and Spar supermarkets over non-remittances of purchase tax from their malls to the government. In statement issued by the service on Tuesday morning after an enforcement drive, the affected malls and stores were accused of refusing to remit withholding purchase taxes despite being served several warning…
UPDATED: Court adjourns Binance tax evasion case till April 19
A Federal High Court in Abuja has adjourned the tax evasion case involving Binance Holdings Limited and its executives. The Federal Inland Revenue Service had dragged the firm to court for tax evasion. Also joined in the suit are officials of the company, Tigran Gambaryan, and fleeing Nadeem Anjarwalla. In the suit marked: FHC/ABJ/CR/115/2024, Binance…
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Tax matters. 