3 h. ago Kano govt kicks on ‘constitutional breaches’ in Tinubu’s tax reform bills 

Tribune Online Kano govt kicks on ‘constitutional breaches’ in Tinubu’s tax reform bills  …opposes VAT increase, reduction in funding of TETfund, NASENI, NITDA as Sharia Council lists concerns in tax bills The Kano state government on Wednesday kicked against the constitutionality of certain provisions of the tax reform bills, specifically those granting the federal government extensive powers over state and local tax authorities.  The Permanent Secretary, Office of the […] Kano govt kicks on ‘constitutional breaches’ in Tinubu’s tax reform bills  Tribune Online

Economics

5 h. ago Customs Service Faces Existence Threat From Proposed Tax Reform Bills – NCS Boss

Bashir Adeniyi, Comptroller-General of the Nigeria Customs Service (NCS), has expressed concerns that the proposed tax reform bills pose a significant threat to the existence of the customs service. Speaking at a public hearing organised by the House of Representatives Committee on Finance, Adeniyi highlighted key objections contained in a 17-page memorandum submitted by the […] The post Customs Service Faces Existence Threat From Proposed Tax Reform Bills – NCS Boss appeared first on Information Nigeria.

Economics

7 h. ago TUC, Shariah council, FCT Imams, Yadudu reject inheritance law, VAT rise, others

Nigeria tax to GDP ratio below global average -Abbas From Ndubuisi Orji, Abuja The Trade Union Congress (TUC), Supreme Council for Shariah in Nigeria (SCSN), Committee of FCT Imams Initiative, Kano State Government and former presidential adviser, Professor Auwalu Yadudu have kicked against the proposal to increase the Value Added Tax (VAT) from the current […] The post TUC, Shariah council, FCT Imams, Yadudu reject inheritance law, VAT rise, others appeared first on The Sun Nigeria.

Politics

10 h. ago Tax Reform Bills: Sharia Council, FCT Imams, Kano Govt, Yadudu Reject VAT Rise, Others

The Supreme Council for Shariah in Nigeria, Committee of FCT Imams Initiative, Kano State Government, and former Presidential Adviser Professor Auwalu Yadudu have raised concern about the proposed law on inheritance, saying it will infringe on the religious rights of Christians and Muslims. The stakeholders disclosed this on Wednesday during their various presentations at the […]

Economics

18 h. ago Tax reforms bills will legislate Customs out of existence, says CG

Bashir Adeniyi, Comptroller General of the Nigeria Customs Service have raised concerns that the proposed Tax reform bills are in read more Tax reforms bills will legislate Customs out of existence, says CG

Economics

19 h. ago Why we back tax reform bills — Fiscal Responsibility Commission

Tribune Online Why we back tax reform bills — Fiscal Responsibility Commission The Fiscal Responsibility Commission (FRC) has listed job creation, growth stimulation through investment, and diversification of revenue sources among the compelling reasons to back President Bola Tinubu's tax reform bills. Why we back tax reform bills — Fiscal Responsibility Commission Tribune Online

Economics

35 h. ago Tax reform: Senate plans review as Customs, ASUU fault provisions

The Academic Staff Union of Universities, on Tuesday, warned against the proposed withdrawal of the education tax to the Tertiary Education Trust Fund as contained in the tax reform bills currently undergoing public hearing at the National Assembly. The President of the union, Prof Emmanuel Osodeke, said the scrapping of TETFund could lead to the Read More

Politics

39 h. ago DStv, GOtv offer subscribers plans to alleviate price increase

To mitigate the recent tariff adjustments announced for customers, leading pay television service provider MultiChoice Nigeria plans to offer a support package for DStv and GOtv subscribers. In a message to subscribers on Monday, the company stated that starting from 1 March, new tariffs will apply to DStv and GOtv packages. According to the company, […] The post DStv, GOtv offer subscribers plans to alleviate price increase appeared first on The Sun Nigeria.

Politics

41 h. ago Remove Sections In Tax Reform Bill Conflicting With Sharia Law – NSCIA Tells Senate

Nigerian Supreme Council for Islamic Affairs has appealed to Senate to remove sections of the controversial tax reform bills that conflict with Sharia law. NSCIA, in a letter submitted to the upper chamber on Tuesday, urged the lawmakers to address some parts regarding marriage and inheritance in the bill. The council also called on the […] The post Remove Sections In Tax Reform Bill Conflicting With Sharia Law – NSCIA Tells Senate appeared first on Information Nigeria.

Economics

41 h. ago Nigeria to attain $1tn economy through tax reform bills – Senate

The Nigerian Senate has said that the proposed Tax Reform Bills will serve as a critical step in achieving President read more Nigeria to attain $1tn economy through tax reform bills – Senate

Economics

43 h. ago Remove tax bill sections conflicting with Sharia, NSCIA urges Senate

The Nigerian Supreme Council for Islamic Affairs has urged the Senate to remove sections of the tax reform bills that conflict with Sharia law, particularly regarding marriage and inheritance. The NSCIA made the appeal in a memorandum submitted to the Senate Committee on Finance on Tuesday. The council also called on the upper chamber to Read More

Economics

43 h. ago New tax bill: ASUU rises against alleged “tactical abrogation” of TETFund

From Fred Ezeh, Abuja Academic Staff Union of Universities (ASUU) has risen against the alleged plan by the proposed new tax system to tactically abrogate the Tertiary Education Trust Fund (TETFund). ASUU President, Prof. Emmanuel Osodeke, registered the case and concerns of the Union at the public hearing on the new tax bill, 2024, organized […] The post New tax bill: ASUU rises against alleged “tactical abrogation” of TETFund appeared first on The Sun Nigeria.

Economics

44 h. ago Minister seeks relief, incentives for PWDs in proposed tax reforms

The Minister of Humanitarian Affairs and Poverty Reduction, Professor Nentawe Yilwatda, has called for a more inclusive approach to tax reforms, focusing on better support for persons with disabilities and other vulnerable groups. Yilwatda made this call at an Inclusive Tax Reform town hall meeting with leaders of the disability community in Abuja on Tuesday. Read More

Politics

57 h. ago Customs cancels import declarations made during 4% FOB implementation

•Directs stakeholders to recapture entries By Godwin Tsa, Abuja The Nigeria Customs Service (NCS) has officially cancelled all import declarations made during the initial implementation of the now-suspended 4% Free-on-Board (FOB) charge on imports. This move comes as part of efforts to streamline customs operations and maintain transparency in trade facilitation. The directive, issued by […] The post Customs cancels import declarations made during 4% FOB implementation appeared first on The Sun Nigeria.

Politics

62 h. ago Access Bank restores transactions after customers experience service disruptions

Access Bank Plc has fully restored services on its electronic banking platforms following a disruption that left many customers frustrated read more Access Bank restores transactions after customers experience service disruptions

Economics

64 h. ago Tinubu to Senate: Tax reform bills not skewed against any section of the country

Tribune Online Tinubu to Senate: Tax reform bills not skewed against any section of the country President Bola Ahmed Tinubu has once again reassured Nigerians that the proposed tax reform bills before both chambers of the National Assembly are not skewed against any section of the country. The Senator representing Niger East and Chairman of the Senate Committee on Finance, Sani Musa, restated President Tinubu’s assurance on Monday while speaking at […] Tinubu to Senate: Tax reform bills not skewed against any section of the country Tribune Online

Economics

64 h. ago Six contentious clauses lawmakers may amend in tax reform bills

The four tax bills before the National Assembly intended to reform Nigeria’s tax system, which has been described as one read more Six contentious clauses lawmakers may amend in tax reform bills

Economics

64 h. ago Nigeria Customs Rescinds Suspension Of 4% FOB Levy On Imports

The Nigeria Customs Service (NCS) has announced the reversal of its previous suspension of the 4% Free-on-Board (FOB) charge on imports, affecting all declarations made during the initial implementation period. The NCS, in a press release issued on Monday, stated that the decision to rescind the import declarations was taken to ensure clarity, maintain consistency […]

Politics

65 h. ago Tax reform bill: Allow Sharia, customary laws to deal with section of inheritance, ACF urges NASS

Tribune Online Tax reform bill: Allow Sharia, customary laws to deal with section of inheritance, ACF urges NASS The mouthpiece of the North Arewa Consultative Forum (ACF) has submitted a report containing comprehensive set of observations and recommendations to the National Assembly, saying Sharia, customary laws should be given jurisdiction on religious matter of inheritance. Tax reform bill: Allow Sharia, customary laws to deal with section of inheritance, ACF urges NASS Tribune Online

Economics

67 h. ago Customs cancel import declarations under suspended 4% FOB charge

Following the earlier press release announcing the suspension of the 4 per cent Free-on-Board charge on imports, the Nigeria Customs Service has said that all import declarations made during the initial implementation period have been cancelled. The National National Public Relations Officer of the service, Abdullahi Maiwada, announced this in a statement on Monday. Maiwada Read More

Politics