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FIRS says CSOs need to register for tax, obtain TIN

FIRS says CSOs need to register for tax, obtain TIN
guardian.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from guardian.ng Daily Mail and Mail on Sunday newspapers.

Abuja Federal Capital Territory , Temitayo Orebajo , Nneka Esomeju , Revenue Service , Advisory Department , News Agency Of Nigeria , European Union Agents For Citizen , Civil Society Organisations Csos , Revenue Services , Companies Income Tax Act , Governmental Organisation , Federal Inland Revenue Services , Tax Policy , Federal Inland Revenue Service , Civil Society Organisations , Taxpayer Identification Number , News Agency , European Union Agents , Citizen Driven Transformation , Pay As You Earn , Joint Tax Board , கூட்டாட்சியின் மூலதனம் பிரதேசம் , வருவாய் சேவை , வருவாய் சேவைகள் , நிறுவனங்கள் வருமானம் வரி நாடகம் , அரசு ஆர்கநைஸேஶந் ,

FIRS Says CSOs Need To Register For Tax, Obtain TIN

FIRS Says CSOs Need To Register For Tax, Obtain TIN
africanexaminer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from africanexaminer.com Daily Mail and Mail on Sunday newspapers.

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Taxation Without Justification?

This question is prompted by the news of the huge tax bill (N248 million, reduced from an initial sum of N1.2 billion) recently slammed by the Tax Appeal Tribunal on a former President of the Nigerian Bar Association, Chief J.B. Daudu, SAN. Reportedly made up of arrears of Withholding Tax and Value Added Tax, for the years 2010 – 2017, the said assessment is virtually unprecedented, at least for a professional – let alone a legal practitioner of Chief Daudu’s stature. Accordingly, few would be surprised if he fights it all the way to the Apex Court.
I believe the news brings to the fore, the taxing powers of the National Assembly under the Constitution. This appears to be straight forward enough, at least if the provisions of Item 59 of the Exclusive Legislative List are anything to go by. Read along with Section 4(3) of the Constitution, they simply state that the National Assembly shall have the exclusive power to legislate on “taxation of profits, incomes and capita ....

Bendel State , Nigeria General , Lagos State , Rivers State , James Chen , Adam Hayes , Revenue Service , Revenue Service Establishment , National Assembly , Apex Court , Petroleum Profits Tax , Companies Income Tax , Supreme Court , Nigerian Bar Association , High Court , Tax Appeal Tribunal , Withholding Tax , Value Added Tax , Chief Daudu , Exclusive Legislative List , Federal Inland Revenue Service , Federal Board , Inland Revenue , Companies Income Tax Act , Petroleum Profits Tax Act , Personal Income Tax Act ,

Potential in Green Revolution: Evolution of Compressed Natural Gas

Potential in Green Revolution: Evolution of Compressed Natural Gas
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.

Chidinma Egwu , Aminat Jegede , Petroleum Profit Tax Act , Companies Income Tax , National Gas Expansion Program Committee , Petroleum Gas , Department Of Petroleum Resources , Compressed Natural Gas , Federal Government , Companies Income Tax Act , Petroleum Resources , Liquefied Petroleum Gas , Senior Manager , Senior Consultant , பெட்ரோலியம் ப்ராஃபிட் வரி நாடகம் , நிறுவனங்கள் வருமானம் வரி , தேசிய வாயு விரிவாக்கம் ப்ரோக்ர்யாம் குழு , பெட்ரோலியம் வாயு , துறை ஆஃப் பெட்ரோலியம் வளங்கள் , சுருக்கப்பட்டது இயற்கை வாயு , கூட்டாட்சியின் அரசு , நிறுவனங்கள் வருமானம் வரி நாடகம் , பெட்ரோலியம் வளங்கள் , திரவமாக்கப்பட்டது பெட்ரோலியம் வாயு , மூத்தவர் மேலாளர் , மூத்தவர் ஆலோசகர் ,

A Re-Definition Of The Term "Public Character" And Its Impact On The Taxability Of Non-Governmental Organisations In Nigeria – AfricaBusiness.com

By Ibrahim Moshood, Associate and Tozaye Balogun, Director of Tax Services, Centurion Law Group
The Federal Inland Revenue Service (“FIRS”) recently issued a Revised Information Circular on the Tax Treatment of Non-Governmental Ogranisations (NGOs), hereafter referred to the as “Revised Information Circular” or “the Circular”. The Circular, published on 31 March 2021, amends, updates or replaces the FIRS’ initial information circular (issued in 2010) on the tax exemption status of NGOs – but only to the extent that the initial circular contains information that is inconsistent with the Revised Information Circular.
The Revised Information Circular reiterates the tax-exemptions, filing and other compliances obligations of NGOs. It also provides clarification on the application of the term “public character” to NGOs when evaluating their eligibility to enjoy the tax exemptions granted under the Companies Income Tax Act (CITA). It is noteworthy that the FI ....

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