The Presidential Committee on Fiscal Policy and Tax Reform has proposed a new Personal Income Tax Bill that aims to change how the country collects taxes. The new bill focuses on making sure that people with higher incomes pay a fairer share of taxes. The bill stands to remove the current tax break called the … Read more
The FIRS begins recruitment of tax officers nationwide and officially bring to the know the opening of its portal for the recruitment of tax officers across the country Nigeria. This followed its earlier notification of plans to recruit Tax Officers I and Tax Officers as announced in last month. Date/Time 12:00 am -2nd November, 2024. The FIRS … Read more
In the statement captioned “Why Trump and Harris say ‘no tax on tips” while moving out for campaigning for the second time US president certain agreement was made that workers shouldn’t be taxed anymore. Donald Trump, the Republican candidate, was first out of the gate with the proposal, announcing it at a rally in June. … Read more
Her Majesty’s Revenue and customs (HMRC) has announced it substantial increase in digital submission with 97% self-assessment filers now filling their Tax returns online, from zero in the past. HMRC, means Her Majesty’s Revenue and Customs, it said to be the Uk government department responsible both for collecting Taxes, National insurance contributions, and value-added tax … Read more
The practice at the Tax Appeal Tribunal (“TAT” or “Tribunal”) requiring an aggrieved taxpayer to pay 50% of a disputed tax amount into a designated account, as security for the prosecution of a tax appeal, is traceable to the provisions of paragraph 15(7) of the Fifth Schedule to the Federal Inland Revenue Service (Establishment) Act, … Read more
The United nations and development programme (UNDP) reproposed to assist Nigeria tackling tax crimes and make a remarkable reform in the country. This information came to the know when it was officially published using official UNDP website. The statement read: “Nigeria needs a coordinated approach to tackle tax crimes due to overlapping regulatory oversight. A critical … Read more
While looking for a cost-effective way to file your taxes, Cash App Taxes is a great option. With no hidden fees and a completely free filing process, you can keep more of your hard-earned cash. However, it’s important to note that this convenience comes with a price you’ll need to input your tax information manually, … Read more
On this business metrics page, we educates you to understand the new way of applying tax identification number both as registered business for individual, and incorporated companies for organizations as impetus of tax liquidation around your location. And also explain how to get a tax identification number in Nigeria. The Definition of TIN Tax Identification … Read more