Prof Abiola Sanni has reiterated the need for more enlightenment about taxation in Nigeria as tax represents the next major source of revenue for government
The Delta Board of Internal Revenue (DBIR) on Friday sealed 12 companies, hotels and schools in Warri, over tax liabilities.
On Thursday, June 29, 2017, the Acting President, Prof.YemiOsinbajo, signed an Executive Order backing the Voluntary Asset and Income Declaration Scheme (VAIDS) policy.
Lawyers have criticised the decision to continue with the implementation of the Stamp Duty policy by the Federal Government as revenue means despite a latest court order nullifying it for being illegal and unconstitutional.
Some of these are issues which would need to be tackled before the commencement of business while others are regular compliance issues which the company has to encounter on a regular basis.
A Lagos-based lawyer, Donald Egho, has raised alarm over the huge amount of funds currently trapped at the Tax Appeal Tribunal (TAT) which could otherwise be made available to the federal government which is sorely in need of more revenue.