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Lagos Ikoyi Lions Club Installs Abdulkarim Yusuf as 34th President

Lagos Ikoyi Lions Club Installs Abdulkarim Yusuf as 34th President
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.

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CITN, WAUTI seek continental devt through local resources

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Nike Popoola
The President, Chartered Institute of Taxation of Nigeria, Olajumoke Simplice, has said it is important for African countries to develop their tax systems and internal resources to attain a situation of Africa without aid.
She spoke during a press briefing on Tuesday on the upcoming West African Union of Tax Institutes 7th international conference with the theme ‘Design and implementing tax measures for the COVID-19 era and beyond’.
Simplice said, “At the end of this conference, we will be able to bring out issues which affect Africa in general because going forward, we want Africa without aid, and for us to be able to do that, we need to enjoy the mileage of the new normal in the economic realm.

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I Have Stumbled and Fallen On Many Occasions, But Here I Am Today

I Have Stumbled and Fallen On Many Occasions, But Here I Am Today
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.

Ikoyi , Nigeria-general , Nigeria , Lagos , Lafiaji , Ondo , Ahmadu , Borno , Onikan , Araromi , Tafawa-balewa-square , Shehu-shagari

To Stem Tax Evasion, Experts Seek Tighter Transfer Pricing Regulation

Nume Ekeghe and Dike Onwuamaeze
Tax experts have advised the federal government to tighten regulations around transfer pricing in order to stem the loss of revenue through tax evasion by multinationals operating in Nigeria.
The experts spoke to THISDAY against the backdrop of the revelation by the Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, that over $178 billion (about N5.4 trillion) was evaded by multinationals doing business in the country between 2007 and 2017.
Nami, at a workshop on the effective audit of multinational corporations for domestic revenue mobilisation in Nigeria had stated that many “rich multinational corporations do not pay the right taxes due from them, let alone pay their taxes voluntarily.”

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CITN Seeks Review of Tax Incentives

Omolabake Fasogbon
The Chartered Institute of Taxation of Nigeria, (CITN) has advised the federal government to consider a more holistic review of tax incentives regime in the country.
The institute stated this at its 2020 dinner & award ceremony, held in Lagos recently.
The President of CITN, Olajumoke Simplice, while commending government for being consistent with tax law reviews, also harped on the need for effective structure of tax incentives.
She said, “CITN is delighted that the federal government has sustained the review of the tax laws as an annual affair. This attests to government’s seriousness in addressing the revenue challenges that we face as a nation.

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