Page 10 - கூட்டாட்சியின் உள்நாட்டு வருவாய் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Senate raises alarm over possible loss of FG s N478m in Aso Savings Bank

By Henry Umoru – Abuja The Senate has exposed a possible loss of N478 million meant for Zungeru power project in Aso Savings and Loans PLC. According to the Senate, the deposit was meant for payment of compensation to displaced persons under the Zungeru power project for the purpose of securing housing facilities for staff of the Ministry of Power. Senator Matthew Urhoghide, Peoples Democratic Party, PDP, Edo South led Senate Committee on Public Accounts is raising the alarm of how the mismanagement of the money deposited in the Aso Savings and Loans was carried out. The Senator Urhoghide led Committee is relying on the query raised by the Office of the Auditor General of the Federation in the 2015 report and brought before it for probe and subsequent presentation to the Senate at Plenary.

Nigeria generalAbuja federal capital territoryMatthew urhoghideHenry umoruOffice of auditorNational youth service corpsSenate at plenaryAso savings bankOffice of the auditorOffice of the accountantMinistry of powerCommittee on publicMinistry of landsPeoples democratic partySenate committee on publicKindly share this story

Jurisdiction Of The State High Courts On Tax Matters - Tax

JURISDICTION OF THE STATE HIGH COURTS ON TAX MATTERS Introduction By section 272 of the 1999 Constitution of the Federal Republic of Nigeria (as amended), state high courts have wide jurisdiction over civil and criminal matters. 2 Evidently in line with this provision, it is quite common for disputes pertaining either to taxes regarded as state taxes or taxes accruing to the revenue of a state government, to be brought before state high courts for determination. Meanwhile, section 251(1)(b) of the 1999 Constitution (supra) gives exclusive jurisdiction to the Federal High Court in civil causes and matters connected with or pertaining to the taxation of companies and other bodies,

Lagos stateEdo stateFederal republic of nigeriaOlukolade ehinmosanJohn shoyInternational ltdAccess bankNational assemblyChemiron international limitedAjibade coNigerian foreign serviceRevenue service establishment actNigerian armedService establishmentNigerian policeLagos state high court

The Arm s Length Principle And Its Implication On Taxation In Nigeria - Tax

Introduction In many developing countries, a major challenge which occurs in related-party transactions is transfer pricing. A transfer price can be defined as the price at which related parties (that is, companies having existing relationship as a result of common ownership or control) transact with one another. In such circumstances, related parties have the tendency of transacting business at a price lower or higher than the market value in other to allocate profit for tax or other purposes. Transfer pricing can deprive governments of their fair share of taxes as well as expose corporate entities to possible double taxation. To combat these

Income taxFederal inland revenueLength principleவருமானம் வரிகூட்டாட்சியின் உள்நாட்டு வருவாய்நீளம் ப்ரிந்ஸிபல்

The Rush for Golden Visas among Rich Nigerians

The Rush for Golden Visas among Rich Nigerians
iafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iafrica.com Daily Mail and Mail on Sunday newspapers.

Revenue serviceInvestment programmeAl jazeeraMalta citizenshipFederal inland revenuePanama papersவருவாய் சேவைமுதலீடு ப்ரோக்ராம்அல் ஜஜீரமால்டா குடியுரிமைகூட்டாட்சியின் உள்நாட்டு வருவாய்பனாமா ஆவணங்கள்

Nigeria loses $15 billion yearly on tax evasion as wealthy individuals, families acquire golden visa for dual citizenship overseas

Nigeria loses $15 billion yearly on tax evasion as wealthy individuals, families acquire golden visa for dual citizenship overseas
naija247news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naija247news.com Daily Mail and Mail on Sunday newspapers.

New yorkUnited statesUnited kingdomLa sagesseSaint davidAntigua and barbudaCity ofEdo stateKano stateMediterranean seaOceans generalAbuja federal capital territoryFolajimi kutiEvans ahanaonuDonald trumpKingsley aneoklloude