Tinubu tax panel asks states to suspend low-revenue taxes

The Presidential Committee on Fiscal Policy and Tax Reforms is reportedly in discussions with state governors to reach an agreement for the suspension of low-revenue taxes, often referred to as “nuisance taxes.”JAMB Result The committee, chaired by Taiwo Oyedele, aims to address the imposition of taxes that are deemed to be burdensome and not contributing … Read more

Tragedy in Yobe As Boko Haram Kill Youths for Not Paying Taxes

Tragedy in Yobe As Boko Haram Kill Youths for Not Paying Taxes

Suspected Boko Haram insurgents have reportedly killed 17 young individuals in Gurokayeya area of Yobe State. DAILY TRUST reports that this is due to their failure to pay taxes. The insurgents entered the village around 10 p.m. on Monday, October 30. Information from a security source revealed that:InformationGuideNigeria “They selected 21 youths who were between … Read more

Taxes from alcoholic drinks, cigarettes should be sent to women’s healthcare — Minister Women Affairs

Taxes from alcoholic drinks, cigarettes should be sent to women’s healthcare — Minister Women Affairs

Minister of Women Affairs, Uju Kennedy-Ohanenye has called for the allocation of at least one percent from taxation on alcoholic drinks, cigarettes, and others to be channeled towards health care services for women, especially in rural areas to reduce mortality rates. NIGERIAN TRIBUNE reports.InformationGuideNigeria She stated this on Monday on an assumption of duty and … Read more

Nigerians only receive burden, taxes – Kate Henshaw slams senators over holiday allowances

Nigerians only receive burden, taxes – Kate Henshaw slams senators over holiday allowances

Veteran Nollywood actress Kate Henshaw claims that the only ‘prayers’ pouring into poor Nigerians”mailboxes’ are additional taxes and responsibilities.InformationGuideNigeria Henshaw was responding to Senate President Godswill Akpabio’s assurance to colleagues during Wednesday’s plenary session that ‘prayers’ had been sent to them as they prepare to go for a break. “In order to enable all of … Read more

Nigeria Sets To Stop Taxes On Tomatoes, Other Raw Food Items

Nigeria Sets To Stop Taxes On Tomatoes, Other Raw Food Items

The Chairman of the Joint Tax Board (JTB), Muhammad Nami, says the Nigerian government has concluded plans to stop taxes on Tomatoes and other raw food items as moves to reduce their costs. Nami disclosed this at the 153rd JTB meeting held in Abuja recently. LEGIT NEWS reports.InformationGuideNigeria He said ending taxation on the ‘non-taxable … Read more

Reduce your appetite for borrowing, IMF urges FG

Reduce your appetite for borrowing, IMF urges FG

The International Monetary Fund (IMF) has called on the Federal Government of Nigeria (FGN) to reduce its debt. It advised the Federal Government to focus on increasing the tax basket and compliance as a means of generating revenue to cut borrowing.Information Guide Nigeria According to BUSINESS HALLMARK, the fund in its latest Fiscal Monitor titled, … Read more

FG Suspends Increase in Taxes on Soft Drinks, Beverages, Alcohol, Others

FG Suspends Increase in Taxes on Soft Drinks, Beverages, Alcohol, Others

The Manufacturers Association of Nigeria has praised the Federal Government’s decision to suspend the proposed increase in excise duty on alcohol, non-alcoholic beverages, and tobacco. The association appreciated the Nigerian government for letting the 2022-2024 Federal Government Sectoral Roadmap run its full circle. Information Guide Nigeria Recall that the proposed tax increase was part of … Read more

NECA, agents knock FG’s multiple taxes

NECA, agents knock FG’s multiple taxes

Clearing agents at the nation’s seaports and the Nigeria Employers Consultative Association have criticized the Federal Government’s increase in corporate taxes, claiming that the situation will have a negative impact on the nation.Information Guide Nigeria They have also anticipated that Nigeria’s illicit imports may increase as a result of the newly implemented tariffs on food … Read more