• FG Urged To Increase Taxes On Luxury Goods To Build Economy

    FG Urged To Increase Taxes On Luxury Goods To Build Economy

    It was gathered that the Country director of a non-governmental organisation, Plan International, Dr Hussani Abdu, has called for increase in taxes on luxury goods to enable the government raise funds to build the economy.

    Abdu lamented the situation where taxes are not collected from people who ply the roads with luxury cars adding that government should invest in infrastructure by building rail way line instead of constructing micro airport which has no direct benefit to the poor.

    According to him, no […]

  • FG to probe banks for non-remittance of taxes

    FG to probe banks for non-remittance of taxes

    According to reports, the Federal Government is set to appoint about 150 firms as consultants to probe revenues collected by banks on behalf of the Nigeria Customs Service and the Federal Inland Revenue Service between July 2012 and December 2015.

    This is sequel to a probe of the revenues collected by the banks between January 2008 and June 2012, which revealed that the banks failed to remit N12bn that they collected in taxes and duties on behalf of the government revenue […]

  • Jimoh Ibrahim’s NICON Luxury Hotel sealed over unpaid taxes … see photos

    Jimoh Ibrahim’s NICON Luxury Hotel sealed over unpaid taxes … see photos

    Businessman Jimoh Ibrahim’s hotel has been sealed over tax. The hotel, NICON Luxury located in Abuja was sealed by officials of Federal Inland Revenue Services (FIRS). The billionaire business man is yet to respond to the sealing of his hotel.

    Businessman Jimoh Ibrahim’s hotel has been sealed over tax. The hotel, NICON Luxury located in Abuja was sealed by officials of Federal Inland Revenue Services (FIRS). The billionaire business man is yet to respond to the sealing of his […]