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Romania plans antiobesity tax on sugary drinks Romania plans antiobesity tax on sugary drinks

Romania plans antiobesity tax on sugary drinks

Lagos

Romania announced Tuesday plans to levy a tax on sugary soft drinks to combat obesity, following the lead of other European countries such as France. “This tax is aimed at discouraging consumption (of sugary drinks) and increasing public revenues, which could be spent on health and education,” the finance ministry said in a document made public Tuesday.Read more: https://innerkonsult.com/romania-plans-anti-obesity-tax-on-sugary-drinks/Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

date: 21 Aug 2019 - 21 Aug 2020

Economic zone tax breaks create disparity Economic zone tax breaks create disparity

Economic zone tax breaks create disparity

Lagos

The tax exemption benefit given to industrial units inside the economic zones has created disparity between factories outside the industrial enclaves, raising fears of uneven competition among firms producing the same products. The National Board of Revenue in 2015 declared tax benefit on income of businesses inside the economic zones for 10 years based on recommendation from the Bangladesh Economic Zones Authority (Beza) to promote investment and industrialisation in the country in an organised manner.Read more: https://innerkonsult.com/economic-zone-tax-breaks-create-disparity/Cont...

date: 21 Aug 2019 - 21 Aug 2020

Nigeria considers new 5 tax for online purchases Nigeria considers new 5 tax for online purchases

Nigeria considers new 5 tax for online purchases

Lagos

The Federal Inland Revenue Service (FIRS) may, from next year, ask banks to charge customers five per cent Value Added Tax for online purchases when using bank cards, its Chairman, Tunde Fowler, has said. Mr Fowler, who gave the hint in an interview with newsmen in his office in Abuja, also said the federal government was yet to take a decision on whether to increase VAT or not.Read more: https://innerkonsult.com/nigeria-considers-new-5-tax-for-online-purchases/Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

date: 19 Aug 2019 - 19 Aug 2020

Mind Your Tax Affairs: Withholding Tax (WHT) Mind Your Tax Affairs: Withholding Tax (WHT)

Mind Your Tax Affairs: Withholding Tax (WHT)

Lagos

Withholding tax is an advance payment of income tax – Companies Income Tax (CIT) and Personal Income Tax (PIT). Withholding tax is deducted at source when payments are made to companies or individuals. Tax withheld from payments to a company or an individual is a tax credit or withholding tax credit, which is used to reduce the tax liability of a company or an individual when the final tax liability is determined.read more: https://innerkonsult.com/mind-your-tax-affairs-withholding-tax-wht/Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O803846003...

date: 19 Aug 2019 - 19 Aug 2020

Plateau IRS Recovers N2.5bn Out Of N19bn Tax Liabilities Of Federal Agencies In The S... Plateau IRS Recovers N2.5bn Out Of N19bn Tax Liabilities Of Federal Agencies In The S...

Plateau IRS Recovers N2.5bn Out Of N19bn Tax Liabilities Of Federal Agencies In The S...

Lagos

Plateau state Internal Revenue Service has announced that it has recovered from the Federal Ministries, Departments and Agencies (MDAs) outstanding Tax Liabilities through the joint collaborating efforts of joint tax board to the tune of N2.6 billion being part payment of their tax liabilities to the state.Read more: https://innerkonsult.com/plateau-irs-recovers-n2-5bn-out-of-n19bn-tax-liabilities-of-federal-agencies-in-the-state/Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

date: 19 Aug 2019 - 19 Aug 2020

MTNN Drags FIRS To Tribunal, Says N1.7tr Tax Paid Since 2001 MTNN Drags FIRS To Tribunal, Says N1.7tr Tax Paid Since 2001

MTNN Drags FIRS To Tribunal, Says N1.7tr Tax Paid Since 2001

Lagos

The board of telecommunications giant- MTN Nigeria Communications Plc, on Friday, hinted the Nigerian Stock Exchange (NSE) of its pending “technical disagreement” with the Federal Inland Revenue Service (FIRS) on whether it ought to pay corporate tax on a N330bn (about $1.1bn) fine.Read more: https://innerkonsult.com/mtnn-drags-firs-to-tribunal-says-n1-7tr-tax-paid-since-2001/Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

date: 19 Aug 2019 - 19 Aug 2020

Oyo will not Increase Tax to Improve IGR, Says Revenue Board Chairman Oyo will not Increase Tax to Improve IGR, Says Revenue Board Chairman

Oyo will not Increase Tax to Improve IGR, Says Revenue Board Chairman

Lagos

The Oyo State government has expressed its determination not to increase tax on small and medium scale enterprises (SMEs) in its drive to increase its revenue base.read more: https://innerkonsult.com/oyo-will-not-increase-tax-to-improve-igr-says-revenue-board-chairman/Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

date: 19 Aug 2019 - 19 Aug 2020

Nigeria to charge 5 on every online purchase... Nigeria to charge 5 on every online purchase...

Nigeria to charge 5 on every online purchase...

Lagos

Nigeria is planning to deduct 5% VAT for every online transaction via bank cards from next year. The burgeoning digital economy includes e-commerce where Jumia and Konga are playing. We also have the tech space with Flutterwave, Cowrywise, Piggybank, and others.Read more: https://innerkonsult.com/nigeria-to-charge-5-on-every-online-purchase-you-make-with-your-bank-cards-from-next-year/Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

date: 16 Aug 2019 - 16 Aug 2020

MTN Deducted Tax From 2015 Fine, Claims Nigeria Tax Agency MTN Deducted Tax From 2015 Fine, Claims Nigeria Tax Agency

MTN Deducted Tax From 2015 Fine, Claims Nigeria Tax Agency

Lagos

MTN Nigeria Communications LTD has been accused by Babatunde Fowler, chairman of the Federal Inland Revenue Service (FIRS), of deducting tax from the N330 billion fine it paid to the Nigerian Communications Commission (NCC). The penalty was imposed in 2015 over SIM card registration infractions.Read more: https://innerkonsult.com/mtn-deducted-tax-from-2015-fine-claims-nigeria-tax-agency/Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

date: 16 Aug 2019 - 16 Aug 2020

Google, Facebook, Apple Weigh in on Altera Tax Case Google, Facebook, Apple Weigh in on Altera Tax Case

Google, Facebook, Apple Weigh in on Altera Tax Case

Lagos

Intel-owned Altera Corp. received more industry backing as some of the biggest names in tech and tax urged the Ninth Circuit to review a cross-border tax case with potentially billions of dollars at stake.read more: https://innerkonsult.com/google-facebook-apple-weigh-in-on-altera-tax-case/Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Services. O8038460036, www.innerkonsult.com

date: 16 Aug 2019 - 16 Aug 2020

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