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Nairaland / General / BREAKING:: Sexual Intimidation: OAU Places Lecturer On Half Salary by Innerkonsult123: 5:44pm On Jan 17, 2020

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Sports / Micheal Owen Predicts Man United Vs Wolves Today by Innerkonsult123: 5:31pm On Jan 15, 2020

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Politics / Reps Panel Orders NERC, Discos To Suspend Tariff Hike(see Details) by Innerkonsult123: 6:44pm On Jan 14, 2020

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Politics / Gov. Abiodun Swears In New Commissioners by Innerkonsult123: 5:09pm On Jan 10, 2020

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Sports / Heskey Speaks On Iheanacho’s Goal For Leicester Against Aston Villa by Innerkonsult123: 5:43pm On Jan 09, 2020

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Sports / Chelsea Set To Offer Lille Giroud, Cash For Dembele by Innerkonsult123: 5:04pm On Jan 08, 2020

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Politics / Buhari Can’t Intervene In Increased Electricity Charges Femi Adesina(read More) by Innerkonsult123: 4:50pm On Jan 07, 2020

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Sports / Arsenal-star-ruled-out-with-injury-for-close-to-9-months-(read More) by Innerkonsult123: 4:27pm On Jan 03, 2020

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Politics / Fifa-set-to-strip-premier-league-of-var-license-(read Details) by Innerkonsult123: 5:22pm On Jan 02, 2020

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Nairaland / General / Nafdac-destroys-fake-products-worth-n1-32-billion-(read Deatails) by Innerkonsult123: 5:00pm On Dec 31, 2019

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Nairaland / General / Popular-bollywood-actor-commits-suicide-photo-(read More) by Innerkonsult123: 5:48pm On Dec 27, 2019

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Nairaland / General / Daily News Update by Innerkonsult123: 5:45pm On Dec 13, 2019

Business / Upgrade Of Cac’s Portal Not To Siphon Money: Registrar-general by Innerkonsult123: 5:30pm On Nov 28, 2019

Lady Azuka Azinge, acting Registrar-General, Corporate Affairs Commission (CAC), said on Wednesday in Abuja, that the upgrade of the Company Registration Portal (CRP) is to enhance the incorporation process. Azinge, who spoke at a news conference, dismissed the allegation that the CRP upgrade was aimed at siphoning money. She described the allegation as false and illogical, saying that it was a mischievous smear campaign against her. The Company Registration Portal is the software that drives the operations of the commission.

Read more: https://innerkonsult.com/upgrade-of-cacs-portal-not-to-siphon-money-registrar-general/

Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

Business / 30,000 Kaduna Firms Fail To Pay Taxes by Innerkonsult123: 3:39pm On Nov 26, 2019

The chairman, Kaduna State Internal Revenue Services, Zaid Abubakar, has said more than 30,000 companies in the state do not pay their taxes. He said this on Tuesday in Kaduna when a civil society organisation, Tax Justice and Governance Platform, paid him a courtesy visit.

Read more: https://innerkonsult.com/30000-kaduna-firms-fail-to-pay-taxes/

Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

Business / Nigeria Sustains ‘hunt Without Barriers’ In New Tax Drive by Innerkonsult123: 5:13pm On Nov 21, 2019

The Federal Government’s aggressive pursuit of increased non-oil revenue to pare huge budget deficit, which has remained a yearly routine over the years, gained further traction last week, with plans by the lawmakers to enact Communication Service Tax (CST). But the move, like others, is still testing the controversial waters over its morality, workability and economic viability.

Read more: http://innerkonsult.com/nigeria-sustains-hunt-without-barriers-in-new-tax-drive/

Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

Business / Kwara Model In Revenue Collection–firs Chairman by Innerkonsult123: 1:52pm On Nov 19, 2019

Chairman, Inland Revenue Service (FIRS), Mr Babatunde Fowler, has described the Kwara Internal Revenue Service (KWIRS), as a model revenue agency in the North Central region. Fowler gave this pass mark, yesterday, in Ilorin at the flag-off of the National Taxpayer Identification Number (TIN) and Consolidated National Taxpayers’ Database. He said the choice of Ilorin for the flag-off of the North Central Region was in recognition of the path-finding role the state had played in ensuring sustainable internally generated revenue profile for Kwara and the region.

Read more: https://innerkonsult.com/kwara-model-in-revenue-collection-firs-chairman/

Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

Business / Built Sector In Apprehension Over Proposed VAT Rate by Innerkonsult123: 5:36pm On Oct 24, 2019

There are growing concerns by housing professionals on the possibility of fresh housing crisis in the country should the proposed Value Added Tax (VAT) by the federal government be implemented in 2020. Although government has stated that the process of increasing the VAT rate would involve extensive consultations with state governments and local government authorities, and others in the public and private sectors of Nigeria, experts apprehensive that the process could ultimately result in amendment of the VAT law to give legal backing to the new rate which would negatively impact the housing industry.

Read more: https://innerkonsult.com/built-sector-in-apprehension-over-proposed-vat-rate/

Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

Business / Nigerian Army, BIRS Remove Illegal Tax Points In SANKERA by Innerkonsult123: 3:43pm On Oct 23, 2019

Benue Internal Revenue Service (BIRS), in collaboration with the operatives of the Operation Whirlstroke operating in SANKERA axis of Benue State have cleared all routes in the federal constituency of illegal check points. The operation which also had the leadership of the amalgamated traders union as part of the team, saw to the sanitation of all roads which hitherto was saturated with illegal tax points operated by hoodlums and extortionists.

Read more: https://innerkonsult.com/nigerian-army-birs-remove-illegal-tax-points-in-sankera/

Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

Business / Companies With Less Than N10m Turnover Should Be Exempted From VAT — CITN Presid by Innerkonsult123: 5:18pm On Oct 22, 2019

The Federal Government recently announced plans to increase Value Added Tax from five per cent to 7.5 per cent. Do you feel this is appropriate? It is appropriate. There is no right time for it. The problem in this country is that we fail to face reality. The VAT Act was promulgated in 1993 and came into effect in 1994.

Read more: https://innerkonsult.com/companies-with-less-than-n10m-turnover-should-be-exempted-from-vat-citn-president/

Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

Career / We Are Paying Taxes, Say Discos by Innerkonsult123: 5:35pm On Oct 18, 2019

Power distribution companies on Thursday said it was incorrect for an executive of PriceWaterhouseCoopers to claim that no Disco had paid any tax since the power sector was privatised since 2013. Speaking under the aegis of the Association of Nigerian Electricity Distributors, the umbrella body of Discos, the power firms stated that they had been paying taxes to both the federal and state governments.

Read more: https://innerkonsult.com/we-are-paying-taxes-say-discos/

Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

Business / Grants And Loans Are NOT Reliable Revenue Sources — Taxes Are by Innerkonsult123: 4:11pm On Oct 18, 2019

Babatunde Fowler, chairman of the Federal Inland Revenue Service (FIRS), says taxation is the country’s lifeline for economic development. Fowler made this known on Tuesday night in Abuja at the investiture of Kudirat Abdul-Hamid as the third national chairperson of Society of Women in Taxation (SWIT).

Read more: https://innerkonsult.com/grants-and-loans-are-not-reliable-revenue-sources-taxes-are/

Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

Business / Better To Boost Revenue By Raising VAT Than Borrowing by Innerkonsult123: 12:37pm On Oct 17, 2019

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele yesterday justified the proposed move by the federal government to increase the value added tax (VAT), which is currently at 5 per cent to 7.5 per cent. He said the government was apparently left with no other option than to raise taxes to meet its obligations- amidst criticisms over the country’s rising debt profile as well as the burden to service such debts.

Read more; https://innerkonsult.com/better-to-boost-revenue-by-raising-vat-than-borrowing/

Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

Business / FG Denies Guinness, Dangote, 13 Others Tax Relief by Innerkonsult123: 2:17pm On Oct 16, 2019

The Nigerian Investment Promotion Commission has rejected the application of 15 companies seeking pioneer status under the Industrial Development Income Tax Act. The pioneer status is an incentive from the Federal Government which exempts companies from income tax. It is also known as tax holiday and generally regarded as industrial investment device.

Read more: https://innerkonsult.com/fg-denies-guinness-dangote-13-others-tax-relief/

Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036,

Business / Tax Vacant Houses, UN Rapporteur Urges FG by Innerkonsult123: 12:40pm On Oct 16, 2019

Ms Leilana Fartha, UN Special Rapporteur on the Rights to Adequate Housing, on Monday urged the Federal Government to impose vacant home taxes with a view to addressing housing challenges in the country. Fartha at a news conference in Abuja expressed concern over the human rights crisis presented by poor living conditions in Nigeria’s informal settlements. According to her, the informal settlements house about 69 per cent of the urban population.

Read more: https://innerkonsult.com/tax-vacant-houses-un-rapporteur-urges-fg/

Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

Business / Oyo Exempts Churches, Mosques From Tax Net by Innerkonsult123: 1:41pm On Oct 15, 2019

The Oyo state government at the weekend exempted churches and mosques from paying levies and taxes to the coffers of the state. The government position was in sharp contrast to the immediate past administration which stipulated certain amount of money to be paid by religious houses, corporate bodies, among others as security levies.

Read more: https://innerkonsult.com/oyo-exempts-churches-mosques-from-tax-net/

Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

Business / High Tax Regime Slowing Business Growth — Expert by Innerkonsult123: 12:09pm On Oct 15, 2019

The Head, Tax and Corporate Advisory Services, PwC Nigeria, Taiwo Oyedele, has said the high company income tax rate in the country is a disincentive for business growth. Oyedele, while speaking during the Finance Correspondents Association of Nigeria annual workshop, themed ‘Unlocking opportunities in Nigeria’s non-oil sector’, said Nigeria had one of the highest company income tax rates globally. According to him, Nigeria is among the top 10 in the world with highest income tax rate.

Read more: https://innerkonsult.com/high-tax-regime-slowing-business-growth-expert/

Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

Business / The FIRS Has Published Regulations On Common Reporting Standard by Innerkonsult123: 5:15pm On Oct 14, 2019

The Federal Inland Revenue Service (FIRS) has issued the Income Tax (Common Reporting Standard) Regulations, 2019 (CRS Regulations). This follows Nigeria's signing of the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (MAC) and the Multilateral Competent Authority Agreement (MCAA) on the Automatic Exchange of Financial Account Information, signed by Nigeria on 17 August 2017.

Read more: https://innerkonsult.com/the-firs-has-published-regulations-on-common-reporting-standard/

Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

Business / You Can’t Bribe Us – Tax Tribunal Warns Appellants by Innerkonsult123: 2:23pm On Oct 14, 2019

The Tax Appeal Tribunal, TAT, has warned petitioners that it was not susceptible to inducements and would only continue to treat appeals before it on their merits. Work on VAT implementation, not increase,Ex-ANAN president urges FG The Tribunal also said that it does not use technicalities to adjudicate matters before it, but dispense them meritoriously; noting that matters before it do not last beyond three months before judgments are delivered on them.

Read more: https://innerkonsult.com/you-cant-bribe-us-tax-tribunal-warns-appellants/

Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

Business / FG More Prudent With Utilization Of Tax Revenue by Innerkonsult123: 4:08pm On Oct 11, 2019

The Federal Inland Revenue Service (FIRS) has reiterated its confidence in taxation, stating that it remains Nigeria’s major lifeline for economic development. This was made known by the Chairman of the agency, Dr Babatunde Fowler, at the investiture of Hajia Kudirat Abdul-Hamid as the 3rd National Chairperson of Society of Women in Taxation in the Nation’s capital, Abuja on Tuesday.

Read more; https://innerkonsult.com/fg-more-prudent-with-utilization-of-tax-revenue/

Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

Business / Tax Tribunal Resolves N10bn Evasion Cases by Innerkonsult123: 10:40am On Oct 11, 2019

The Tax Appeal Tribunal, North West Zone, said it has resolved nine out of 13 cases worth over N10 billion in the past nine months. Chairman of the tribunal, Umar Adamu, disclosed this at a stakeholders forum in Kano State.

Read more: https://innerkonsult.com/tax-tribunal-resolves-n10bn-evasion-cases/

Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

Business / How Nigerian Govt Can Make Citizens Pay More Tax - Bill Gates by Innerkonsult123: 4:12pm On Oct 10, 2019

Bill Gates said Nigeria has one of the lowest tax-to-GDP ratio in the world. The co-founder of the Bill and Melinda Gates foundation said the government has to win the confidence of the people. Gates said this will allow the people pay more tax knowing it is for development The co-chair of the Bill and Melinda Gates Foundation, Bill Gates, has asked the Nigerian government to win the confidence of the citizens in order to get them to pay more tax.

Read more: https://innerkonsult.com/how-nigerian-govt-can-make-citizens-pay-more-tax-bill-gates/

Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

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