Tag Archives: tax

The three accused men and a woman are – Silifatu Abisile, 60; Jimoh Abisile, 52; Gbade Bakare, 56; and Isaiah Bakare, 45. Four tenants, who allegedly exhumed the corpse of their landlord before selling his property were on Monday brought in a Yaba Chief Magistrates’ Court in Lagos. The three accused men and a woman are – Silifatu Abisile, 60; ...

A court in Abuja has described the collection of tenement rate by the six area councils of the Federal Territorial Capital (FCT) from property owners as unconstitutional and has consequently barred them from further collecting the proper tax. Justice Valentine Ashi held that the collection of the property tax by the six councils was usurpation of functions donated to the ...

Barely two weeks after the Lagos State Governor, Akinwunmi Ambode signed the new Land Use Charge Law which was passed on January 28, 2018, by the State House of Assembly, to repeal and replace the Land Use Charge Law 2001. Payment of the new charge has commenced in earnest at the Opebi Branch of the Guaranty Trust Bank Plc, (GTB), Ikeja. ...

Nigerians usually get into the fray each time popular footballers are charged by the Spanish authorities for alleged tax offences. Lionel Messi, Cristiano Ronaldo and Neymar have at various times, been linked to tax fraud, triggering outbursts in Nigeria about the propriety of such actions. The emotional attachment to these footballers or their clubs often beclouds the underlying issues: tax ...

…As stakeholders propose affordable housing bill to NASS Experts in the housing sector of the nation’s economy at the weekend called on the Federal Government to introduce subsidy in the sector to enable the country achieve the dream of providing affordable housing for the citizenry. They argued that such measure if applied, would not only help greatly in abridging the ...

As part of the war against tax evasion in Lagos, the Lagos State Internal Revenue Service (LIRS) on Thursday shut 11 hotels, restaurants and event centres over alleged failures to remit their taxes under the Hotel Occupancy and Restaurant Consumption Laws of Lagos State 2009. Mr Seyi Alade, Director, Legal Services of the LIRS, said this after a state-wide tax ...

In August this year, the Federal Executive Council approved 27 new industries and products to enter into the pioneer status. This incentive scheme was to give tax holidays to these industries for three years, to enable them to grow and expand investments. Among these industries are real estate industries. Correspondent of Nigeria Real Estate Hub (NREH), Esther Adeniyi interviewed a ...

According to The Nation, Vice President Yemi Osinbajo will today open the third International Conference on Tax in Africa (ICTA) in Abuja. The ICTA’s flagship conference of the African Tax Administration Forum (ATAF), with the theme: “Building Strong Domestic Tax Regimes in Africa: Strengthening VAT, PIT and CIT” will end on Friday. The conference will also celebrate and recognise the ...

According to Premium Times, the Nigerian government has granted Dangote Group 10-year tax incentive for the construction and rehabilitation of roads, Minister of Power, Works and Housing, Babatunde Fashola, has said. Mr. Fashola made this known while speaking at the Businessday Road Construction Summit, held in Victoria Island, Lagos, on Friday. Mr. Fashola, who disclosed that construction of the Apapa to Oworonshoki ...

Gov. Abdullahi Ganduje of Kano State on Wednesday says the state is ready to grant land and tax incentives to investors, to revolutionise agriculture and promote investments in various sectors. Ganduje said this at the 2017 Annual General Conference of the Nigerian Bar Association (NBA) in Lagos with the theme “African Business: Penetrating through Institution Building’’. The governor spoke at ...