Directors institute backs payment of VAT at source





The Institute of Directors (IoD) has canvassed payment of Value Added Tax (VAT) at source in conformity with collections from locations and administration charges netted-off by the collector. It sought more engagement with stakeholders through webinars and stakeholders’ committees, among others to discuss ideas on the way forward following the controversies that have trailed VAT collection in recent times. The President of the Institute, Dr. Ije Jidenma, gave the charge at the weekend in Port Harcourt, Rivers State…

SEC Commences 100% Custody Requirement

The Securities and Exchange Commission (SEC) has announced that it has commenced the implementation of 100% custody requirement in the Collective Investment Schemes sector. SEC stated this in a press statement...

World Bank, AfDB, Global Forum Unleash New EOI Manual To Support Taxation Worldwide

The World Bank Group, the African Development Bank (AfDB) and The Global Forum a leading multilateral body mandated on Transparency and Exchange of Information for Tax Purposes (Global Forum), have jointly published a new version of the Manual on Exchange of Information (EOI) as a way of supporting tax authorities worldwide...

Nigeria’s success in AfCFTA hinged on public, private partnership

The Minister of Industry, Trade and Investment, Niyi Adebayo, has emphasised the importance of public/private partnership in driving Nigeria’s success in the Africa Continental Free Trade Area (AfCFTA).