Tag: tax

Fine/tax status: Technical disagreement exists between us, FIRS, MTN admit
August 2, 2019 No Responses

Fine/tax status: Technical disagreement exists between us, FIRS, MTN admit

MTN Nigeria, on Friday, admitted to a between it and the Federal Inland Revenue Service (FIRS), on how the 2015 fine should be treated for tax purposes. Mr Onome Okwah, Manager, Public Relations and Protocol, Corporate Affairs/Corporate Relations, MTN, disclosed...
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FIRS, NLRC Begin Process to Collect VAT on Lottery, Gaming Businesses
April 8, 2019 No Responses

FIRS, NLRC Begin Process to Collect VAT on Lottery, Gaming Businesses

The Federal Inland Revenue Service (FIRS) and the National Lottery Regulatory Commission (NLRC) have commenced process to automate the collection of Value Added Tax (VAT) on lottery and gaming businesses in Nigeria. Mr Wahab Gbadamosi, Head, Communications and...
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Freezing customers’ bank accounts over tax payment default, threat to economy- LCCI
August 16, 2018 No Responses

Freezing customers’ bank accounts over tax payment default, threat to economy- LCCI

The Lagos Chamber of Commerce and Industry (LCCI) on Thursday decried freezing of customers’ bank accounts based on “disputed tax assessments’’ by Federal Internal Revenue Service. The Director-General of LCCI, Mr Muda Yusuf, also described the new tax...
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