Browsing Tag

tax

Philippines to offer value-added tax refund to tourists by 2024


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Philippines President Ferdinand Marcos has approved a value-added tax refund programme for foreign tourists by 2024 to attract more visitors, the Presidential Communications Office (PCO) said on Sunday. The…

Kenya to boost tax revenues, limit debt


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Kenya is planning to monitor its flourishing mobile money industry in a bid to catch tax cheats and also limit its borrowing to boost its finances and collections by 17%. President William Ruto’s government has been trapped by an…

Kogi State Internal Revenue Service Sets N2bn Monthly Target In 2023


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The Acting Executive Chairman of Kogi State Internal Revenue Service, Alhaji Sule Salihu Enehe, says the service has set a monthly revenue target of two billion naira in a bid to increase the revenue profile of the state through internally…

Oyo State to Curb Revenue Leakage with technology


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The Oyo State Government has said it is switching to technology to drive revenue collection in order to curb every form of revenue leakage in the state, in line with global best practices. The Chairman, Oyo State Internal Revenue…

FCTA to enforce display of tax certificates before transactions


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The Nigerian Federal Capital Territory Administration (FCTA), has threatened to sanction individuals, organisations and agencies violating its order that tax clearance certificates be presented before transactions within the territory.…

FCT-IRS Trains Officers on Tax Enforcement 


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The Federal Capital Territory - Internal Revenue Service (FCT-IRS) has commenced Tax Enforcement Capacity and Simulation Training to prepare tax officials for the enforcement drive ahead of 2023. A statement signed by the Head, Corporate…

South Korea to scrap taxes on foreigners’ income


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South Korea's finance minister has said the government will scrap taxes on foreigners' income from investments in treasury bonds and monetary stabilisation bonds from Monday. Speaking to reporters late on Saturday in the United States…

Abuja Municipal Area Council centralises Revenue Remittance Process


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All payments accruing to the Abuja Municipal Area Council (AMAC) are now to be made through designated banks after verification from the Council, the AMAC Chairman in the Nigerian Federal Capital Territory, Christopher Zakka Maikalangu has…

Good Use Of Tax Revenues Will Enhance Compliance – FIRS


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When governments deploy tax revenues for the common good of the citizens, there is a concomitant increase in tax compliance by citizens who see the direct benefit of the taxes they pay.…

NGOs advocate higher tax on Tobacco firms in Africa


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African governments have been urged to increase tax levies on Tobacco firms operating in the continent in order to reduce their capacity in the production of the commodity for the health and economic wellbeing of Africans. Some Non…