The Special Adviser on Information and Strategy to President Bola Tinubu, Bayo Onanuga, has dismissed concerns from the Muslim North regarding the Tax Reform Bill, clarifying that it does not include provisions for taxing family inheritance, which is prohibited under Islamic law. EKO HOT BLOG reports that in a post on his X (formerly Twitter) handle … Read more
Former president Donald Trump reported steep business losses in his final year in the White House, allowing the billionaire to avoid paying income tax. Eko Hot Blog reports that He also did not face tax audits during his first two years in office, despite rules requiring the review of tax filings by sitting presidents. EDITOR’S … Read more
Federal High Court in Abuja has convicted two officials of the Federal Inland Revenue Service (FIRS), Mohammed Adamu and Okoro Eunice Udokanmma. …The two were convicted of falsifying personal income tax clearance certificates for some individuals EDITORS PICK [BREAKING] 2023: Goodluck Jonathan Opens Up On ‘Contesting’ For President [BREAKING] 2023: Protesters Storm Jonathan’s Office In … Read more
The Value Added Tax (VAT) goes from five per cent to 7.5 per cent following President Muhammadu Buhari’s signing of the 2020 Finance Bill. Ekohotblog recalls Buhari signed the Bill on Monday. But the implementation will be delayed till the new law is gazetted. It is not clear how soon this will be done. The … Read more
Polish lawmakers have approved a measure that would exonerate most workers under the age of 26 from income taxes as the country seeks to stem the flow of its young people to other EU nations in search of better paying jobs. The lower house of parliament approved the measure introduced by the ruling conservatives in … Read more