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COVID- 19: Reposition your fiscal revenue management systems, FG tells Governors

COVID- 19: Reposition your fiscal revenue management systems, FG tells Governors On …Say this year has presented us with a perfect storm of difficulties to deal with By Henry Umoru Following the outbreak of the Coronavirus COVID-19 pandemic and its impact on the economic and fiscal revenue outlook for 2021, the Federal Government has urged the governors of the thirty-six states of the Federation to strategize and reposition their fiscal revenue management systems for this era called the ‘new normal’. According to the Federal Government, with  the impact of COVID-19, the revenue outlook for 2021 depends on the willingness of State governments to embrace the right tools, technology and strategies to transform, enhance as well as  strengthen revenue growth and sustainability, and adopt what it termed, cost optimization plans.

Africa Tax In Brief - Tax - South Africa

CAPE VERDE: Decree-Law on binding rulings published Cape Verde s Ministry of Finance published Decree-Law 74/2020 in the Official Gazette on 12 October 2020, setting out the conditions for taxpayers requesting binding tax information rulings. The Decree Law became effective on the same day. Once the application is submitted, the tax administration is obliged to respond and notify the applicant within a maximum of 75 days. However, an urgent response within 45 days may be provided for justified requests, provided that the request is accompanied by a legal-tax framework proposal. The tax authority must notify an applicant within 30 days on whether a request is accepted as

N500bn fund: Private varsities fault TETfund s stance

Vanguard News N500bn fund: Private varsities fault TETfund’s stance On By Adesina Wahab Privately-owned universities in the country have faulted the stance of the Tertiary Education Trust Fund, TETfund, that money accruing to it is only meant to develop public tertiary institutions in the country and that private tertiary institutions should look elsewhere for financial assistance and support. The Chairman, Committee of Vice-Chancellors of Private Universities, Prof. Timothy Olagbemiro, stated this in an interview with Vanguard yesterday. Olagbemiro spoke in a.reaction to the assertions by the Chairman, Board of Trustees of TETfund, Alhaji Kashim Ibrahim-Imam, and the Executive Secretary of TETfund, Prof. Suleiman Bogoro, that the fund is meant to only service public institutions.

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