A Seven Day Notice as been Issued to all Tax Defaulters by FIRS!

The Federal Inland Revenue Service (FIRS) has served a seven-day notice to tax defaulters across the country. The Head, Communications and Servicom Department, Mr Wahab Gbadamosi, made this known in a statement in Abuja on Tuesday. Gbadamosi said the Acting Executive Chairman of FIRS, Mr Abiodun Aina, announced this in a notification letter to taxpayers[...]

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Lagosians react as FG puts 5% tax on all online purchases!

Lagos – Mixed reactions have trailed the proposed plan by the Federal Government to slam a five per cent Value Added Tax (VAT) on goods bought online. Prof Sheriffdeen Tella, a Senior Economist at the Olabisi Onabanjo University, Ago-Iwoye, Ogun, said that the online space was still growing and taxing it now would discourage transactions.[...]

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Fiji, Vanuatu, Marshall Islands added to EU tax blacklist

The European Union has added Fiji, Vanuatu and the Marshall Islands to an extensive tax blacklist. The 28-nation list was set up in December 2017 in a bid to crackdown on tax avoidance by corporations and wealthy individuals. Tax jurisdictions alleged to be not complying with EU regulations face restrictions on transactions with the bloc[...]

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