The Delta State Internal Revenue Service has warned taxpayers against paying money to individuals issuing fake tax demand notices and collecting revenue illegally in the name of the state government. The Chairman of the service, Solomon Ighrakpata, raised the alarm in a statement on Tuesday, saying the activities of th…

…must not be removed without authorisation. It directed business owners and defaulting taxpayers seeking resolution or clarification to contact the NRS Debt Management & Enforcement Department in Abuja. They could also visit the nearest enforcement office, the notice stated. An official with the company, who pleaded ano…

…does nothing about it, they can be personally liable for the full loss of the American taxpayers' money that they should have stopped and they should have saved," Trump said.He framed the measures as a dual deterrent, one aimed at those committing fraud and another at officials who might otherwise look the other way."T…

…does nothing about it, they can be personally liable for the full loss of the American taxpayers’ money that they should have stopped and they should have saved,” Trump said. Trump did not provide specific sentencing ranges or explain in the video what legal standard would determine whether an elected official knew abo…

…tax revenues for specific development projects, saying visible improvements from taxpayers’ contributions could help restore public confidence and strengthen the social contract between government and citizens. Earlier, Chairman of the Board of Trustees of the Professorial Chair and former Chief Medical Director of Lag…

…therefore, is not simply how much governors earn as salaries, but how much it costs taxpayers to maintain the offices they occupy.

…late delivery of court judgments, which often result in the loss of millions of Naira in taxpayers’ money. In the statement, Okechukwu noted that while one frowns at the killings and prays for the repose of the souls of those who lost their lives, the real lesson is that the banditry bedevilling Nigeria should be addre…

…State Government under the administration of Godwin Obaseki spent a total of N3.8bn of taxpayers’ money on the MOWAA project, changing the name of the museum several times for personal reasons. In a statement on Friday by the Chief Press Secretary to Governor Monday Okpebholo, Patrick Ebojele, the committee chairman sa…

…abandoned by previous administrations, noting that such projects were funded with taxpayers’ money and should not be allowed to waste. “This is the first government that has completed abandoned projects from previous administrations. Doing that is part of my vow because they were not embarked upon with anybody’s father…

…yesterday, at a stakeholders’ engagement in Abuja. Nwabueze said the Bill would give taxpayers a clear understanding of their rights and responsibilities while setting out the standards of fairness, transparency and accountability they should expect from tax and revenue authorities. According to him, the document would…

Tax authorities in Nigeria can assess businesses for tax based on assumed income where taxpayers fail to file returns and disclose their actual financial position, tax experts at tax stream.com have warned. The post Tax authorities can assess undisclosed business income, experts warn appeared first on Tribune Online.

…VASP can be claimed as a tax credit. Where tokens are not directly priced in US dollars, taxpayers must derive their value from approved market price aggregators. If no reliable market price exists, taxpayers are required to document their valuation method and retain the records for six years. The guidelines also allow…

…Act, 2025, and the Nigeria Tax Administration Act, 2025. The new guidelines are aimed at taxpayers, Virtual Asset Service Providers, Peer-to-Peer marketplace operators, tax practitioners and individuals engaged in virtual asset activities, as the Federal Government intensifies efforts to expand the country’s tax base a…

…He explained that the new Order should eliminate ambiguity, simplify compliance for taxpayers, support investment decisions and provide tax administrators with clearer guidance for implementing the law. The Minister directed the committee to undertake a comprehensive review of the legal framework, administrative practi…

…within a short period, resulting in another cycle of emergency interventions funded by taxpayers. This is neither economically prudent nor sustainable.” He described the Benin–Sapele–Warri Road as one of Nigeria’s most strategic highways and a major economic gateway to the Niger Delta, lamenting that it has suffered ye…

…agency now visits businesses, markets, universities, and professional groups to educate taxpayers on their obligations and encourage compliance through engagement rather than intimidation. He disclosed that the service also plans to organise seminars for traders and small business owners to improve their understanding…

…businesses’ ability to claim value-added tax credits. The rollout will begin with large taxpayers with annual turnover of N5bn and above, followed by medium taxpayers with turnover between N1bn and N5bn, before extending to emerging businesses. The Nigeria Revenue Service said the move represents a major step in Nigeri…

…a tax policy specifically for the virtual assets sector, providing greater certainty for taxpayers and service providers, strengthening voluntary compliance and ensuring that the sector contributes fairly to national revenue as it grows. The statement added, “The NRS will provide further details. The Federal Government…

…to Nigeria until its government stops the slaughter of Christians has passed. “American taxpayers should never bankroll governments that turn a blind eye while Christians are abducted, tortured, and murdered. No more wasteful foreign aid!” The underlying bill had originally proposed withholding 50 per cent of funds app…

…with the provisions of the law,” she warned. The KW-IRS boss urged transporters and taxpayers to comply with the new system and advised those seeking clarification to visit any KW-IRS office or contact the agency’s authorised consultants. The digital haulage fee platform is part of the Kwara state government’s ongoing…

…integrate with the country’s e-invoicing framework as compliance requirements for large taxpayers take effect and medium taxpayers prepare to onboard later this year. Across the ecosystem, the Nigeria Revenue Service (NRS), accredited platform providers, and technical partners are scaling up engagement to support the t…

…Coastal Highway linking Nigeria with neighbouring West African countries, was built with taxpayers’ money and must not be converted into a slum. The governor also disclosed that the state would soon deploy 150 additional waste compactors and introduce waste collection tricycles in inner communities to strengthen refuse…

…new tax framework effective from January 1, 2026. The Guidelines provide direction to taxpayers, tax practitioners, revenue authorities and other stakeholders on how to address various issues arising from the old regime to the new framework. Under the Guidelines, the Tax Acts 2025 comprising the Nigeria Revenue Service…

…historical market failures. Reducing capital would heighten risks for depositors and taxpayers in future financial crises, as robust capital buffers are essential safeguards. Regulators have already granted concessions, and further relief would erode critical post-2008 protections, increasing systemic vulnerability. Th…

…is that gambling losses are generally only deductible as itemized deductions, which most taxpayers no longer utilize, meaning they pay taxes on wins without offsetting losses. State income taxes also apply based on the bet's location. Prediction markets offer a tax-advantaged alternative, allowing losses to be netted a…