China has imposed taxes on imports of European brandy in a move that France has said is retaliation for recent big tariffs the EU announced on Chinese electric vehicles. The European Commission said it would challenge China’s tax at the…
UK PM Sunak fires Conservative Party chairman after tax probe
British Prime Minister Rishi Sunak has fired Conservative Party Chair Nadhim Zahawi after an independent investigation into his tax affairs found a serious breach of the ministerial code. “Following the completion of the Independent Adviser’s investigation – the findings of…
Dubai scraps 30% alcohol tax and licence fee in apparent bid to boost tourism
Dubai has scrapped its 30% alcohol tax in an apparent bid to boost tourism. It will also stop charging for personal alcohol licences – something residents who want to drink at home must have. Dubai has been relaxing laws for…
FG accelerating efforts to maximise tax collections- Buhari
President Muhammadu Buhari on Friday said efforts are being accelerated to ensure all taxable Nigerians declare their incomes and pay the right taxes to the appropriate authorities. Buhari made this known when presented the 2023 Appropriation Bill of N20.52 trillion…
AbdulRazaq’s female nominees impress Kwara Assembly (Vanguard)
Screening for Kwara State commissioner-nominees entered day two on Wednesday, with the cabinet picks wowing the lawmakers with their eloquence and clear roadmaps of how they thought the government could deliver basic amenities and reposition the state for greater heights.…
The trouble with tax in churches and mosques – Uzor Maxim Uzoatu
Some hotheads in Nigeria have made some noises on the need to collect taxes from churches and mosques. Controversial issues do not come any greater than this irreverent call for churches and mosques to pay tax to the government. The…
FIRS hits N5.2 trillion tax revenue, gets N8tr target in 2019 (Guardian)
The Federal Inland Revenue Service has recorded an all-time high tax revenue collection of N5.23 trillion in 2018, with Value Added Tax (VAT) at N1.11 trillion for the first time. Prior to 2018, the highest revenue figure ever attained by…
Italy to introduce ‘sugar tax’ to fund varsity research (Punch)
Italy plans to introduce a tax on fizzy drinks to help fund university research. Carla Ruocco, a lawmaker from the 5-Star Movement, announced late on Thursday that the so-called ‘sugar tax’ would be presented as an amendment to the budget.…
Dear Lagosian, you will pay plenty tax in 2018 o – Toni Kan
My Dear Lagosian, Ambode is not smiling. This year, your eye will see pepper if you live , work and earn an income in Lagos and finally, if you own property in Lagos and by property I don’t just mean…
Hike in land Use Charge: I support Ambode – Toni Kan
Except you live in Kutuwengi, you must have heard about the newly introduced Land Use Charge Law 2018 which effectively repeals and replaces the old law, the Land Use Charge Law 2001. That new law was passed on 28 January 2018 and since then…