NIGERIA: FIRS Announces Plans To Impose Tax On Online Transactions

The Federal Inland Revenue Service (FIRS) has stated its intentions to start taking Value Added Tax (VAT) on all online transactions in the nearest future. This was disclosed by the Chairman of the agency, Mr Babatunde Fowler, at an interview with the News Agency of Nigeria (NAN) in New York on Saturday. According to Mr… Continue reading NIGERIA: FIRS Announces Plans To Impose Tax On Online Transactions

NIGERIA: IMF Urges For Aggressive Tax Reforms And Reduction Of Exemptions

The International Monetary Fund (IMF) has urged Nigeria to pursue aggressive tax reforms, encouraging the Federal Government to cut down on its tax exemptions. The Assistant Director of IMF‘s Fiscal Affairs Department, Ms Catherine Pattillo, speaking during the IMF Fiscal Monitor Report release press briefing, at the ongoing IMF/World Bank Group spring meetings in Washington… Continue reading NIGERIA: IMF Urges For Aggressive Tax Reforms And Reduction Of Exemptions

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NIGERIA: NAICOM Extends Submission Of Financial Results For Underwriters

Photo Credit: NAICOM Website

The National Insurance Commission (NAICOM), has been given approvals from the Securities and Exchange Commission (SEC) and Nigerian Stock Exchange (NSE) to allow underwriters submit their 2018 financial accounts by the end of April 2019, a month away from the mandatory deadline of March. The Deputy Commissioner for Insurance, Technical, Mr Sunday Olorundare Thomas disclosed… Continue reading NIGERIA: NAICOM Extends Submission Of Financial Results For Underwriters

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