* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, July 9, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Magicians and Battlebots light up Las Vegas entertainment scene – KSNV

    Magicians and Battlebots Take Las Vegas Entertainment by Storm

    Max-Matching Entertainments & Longhua District form partnership for new entertainment complex – Blooloop

    Max-Matching Entertainments and Longhua District Unite to Launch Thrilling New Entertainment Complex

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Google Fiber puts Nokia network slicing technology to the test – Fierce Network

    Google Fiber Puts Nokia’s Network Slicing Technology to the Ultimate Test

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    Technology And Construction Names Join Top Stock Lists: Check Out Additions To IBD 50, Big Cap 20 And More – Investor’s Business Daily

    Technology and Construction Leaders Surge Into Top Stock Rankings: See the Latest Additions to IBD 50, Big Cap 20, and More

    Column: Teach kupuna new technology skills – Honolulu Star-Advertiser

    Empowering Kupuna: Unlocking New Technology Skills for a Connected Future

    EIFO invests $5 million in D3, the Ukraine-focused defence technology venture fund – sUAS News

    EIFO Pledges $5 Million to Supercharge Ukraine-Focused Defense Technology Fund

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Magicians and Battlebots light up Las Vegas entertainment scene – KSNV

    Magicians and Battlebots Take Las Vegas Entertainment by Storm

    Max-Matching Entertainments & Longhua District form partnership for new entertainment complex – Blooloop

    Max-Matching Entertainments and Longhua District Unite to Launch Thrilling New Entertainment Complex

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Google Fiber puts Nokia network slicing technology to the test – Fierce Network

    Google Fiber Puts Nokia’s Network Slicing Technology to the Ultimate Test

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    Technology And Construction Names Join Top Stock Lists: Check Out Additions To IBD 50, Big Cap 20 And More – Investor’s Business Daily

    Technology and Construction Leaders Surge Into Top Stock Rankings: See the Latest Additions to IBD 50, Big Cap 20, and More

    Column: Teach kupuna new technology skills – Honolulu Star-Advertiser

    Empowering Kupuna: Unlocking New Technology Skills for a Connected Future

    EIFO invests $5 million in D3, the Ukraine-focused defence technology venture fund – sUAS News

    EIFO Pledges $5 Million to Supercharge Ukraine-Focused Defense Technology Fund

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

FIRS To End Multiple Taxation, Collect VAT

June 23, 2023
in Business
FIRS To End Multiple Taxation, Collect VAT
Share on FacebookShare on Twitter

FIRS Executive Chairman, Muhammad NamiFIRS Executive Chairman, Muhammad Nami

FIRS

FIRS To End Multiple Taxation, Collect VAT

The Federal Inland Revenue Service says it has commenced an initiative to end multiple taxation and collect Value Added Tax (VAT) from Market Traders Association of Nigeria (MATAN) and other informal sector operators.

The association, with a membership of over 40 million traders across the country, is the biggest player in Nigeria’s market space.

Details of the FIRS’ partnership with MATAN was disclosed yesterday at a stakeholders’ engagement programme on the VAT DIRECT Initiative, VDI, held in Lagos, according to Mr. Johannes Wojuola, Special Assistant to the Chairman of FIRS on Media and Communication.

The partnership will see the FIRS collaborating with the association to deploy technology to enumerate traders for collecting and remitting VAT to the Service, consequently leading to an expansion of the tax net and increased revenue for the Federation.

VDI is a program designed to foster collaboration between the FIRS and the market place, especially the informal sector, in the collection and remittance of Value Added Tax, VAT, using technology.

Speaking during the stakeholders’ engagement, Mr. Muhammad Nami, Executive Chairman of FIRS said the initiative was crucial to revenue generation and also to eliminating multiple taxation, especially in the informal sector.

According to him, government is worried about the multiplicity of taxes, and that the FIRS and JTB are working on modalities of addressing this challenge.

The FIRS/ MATAN partnership, he noted, laid a very good foundation for the government to address the issue of multiple taxation and extortion by tax officials, tax agents and touts in the market place.

He added that the FIRS would collaborate with security agencies, especially the Nigeria Police, to deal with illegal tax collection by touts in markets.

“One important area of our collaboration is the issue of providing adequate security in the markets. We are aware of the challenges that you have faced in the past with miscreants, self-imposed tax collection agents, and touts.

“I want to assure you that as part of this initiative, we will be collaborating with the relevant security agencies particularly the Nigeria Police Force to tackle all forms of touting and illegal tax collection by miscreants and keep them away from your markets,” Nami said.

He noted further that the success of this collaboration would lead to increased revenue for the country, and in turn provide government the needed resources to fund infrastructure and other social amenities.

“The successful outcome of this collaboration and additional revenue accruable will have multiplier effects on all sectors of the economy as the government will have more revenue to provide the needed social amenities and infrastructure in critical sectors.

“An improved VAT collection will improve the revenue base of the states and local governments at the sub-national level and the citizens will be the ultimate beneficiaries.

“This initiative is very important to the government, particularly at this moment of dwindling revenues from the petroleum sector and therefore, requires that we put all hands on deck and optimally explore all available opportunities.

“The administration of VAT in the informal sector is characterized mainly by a low level of compliance and a lack of awareness in terms of obligation and liability. It, therefore, becomes necessary to leverage the MATAN platform to positively change the status quo,” he said

He said to ensure transparency and accountability of the project operations, a combined monitoring and evaluation team, comprising both organisations, would be formed.

Nami also unveiled an identity card that is to be given to each trader upon enumeration; the card contains their tax identification number and other personal details.

The VAT Direct Initiative Stakeholder Engagement was attended by representatives of the Joint Tax Board,, JTB, Deposit Money Banks, DMBs, Iyalojas of Markets across the country, members of various trade clusters, representatives from all major markets across the country, as well as officers of the Federal Inland Revenue Service.

guest post writing service

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : EconomicConfidential – https://economicconfidential.com/2023/06/firs-end-multiple-taxation/?utm_source=rss&utm_medium=rss&utm_campaign=firs-end-multiple-taxation

Tags: businessMultipleTaxation
Previous Post

Dangote Donates Health, Educational Facilities In Coal Communities

Next Post

“I am happy people are reading” – Yvonne Nelson says

Google Fiber puts Nokia network slicing technology to the test – Fierce Network

Google Fiber Puts Nokia’s Network Slicing Technology to the Ultimate Test

July 9, 2025
Ball State is the worst team in EA Sports College Football 26. Could that be a good thing? – Yahoo Sports

Is Being the Worst Team in EA Sports College Football 26 Actually an Advantage for Ball State?

July 9, 2025
Academics critique Farming Simulator’s portrayal of ‘good farming’ and praise modders for agro-ecology add-ons – PC Gamer

Academics critique Farming Simulator’s portrayal of ‘good farming’ and praise modders for agro-ecology add-ons – PC Gamer

July 9, 2025
Why is the Earth spinning faster? Is time speeding up? Australia’s experts give us their second opinion – The Guardian

Why is the Earth spinning faster? Is time speeding up? Australia’s experts give us their second opinion – The Guardian

July 9, 2025
200 million year-old jawbone revealed as new species – BBC

200 million year-old jawbone revealed as new species – BBC

July 9, 2025
Off-grid homeowner dispels common misconceptions about his lifestyle: ‘Doesn’t mean I live primitively’ – Yahoo

Off-Grid Living Uncovered: How One Homeowner Thrives Without Sacrificing Modern Comforts

July 9, 2025
Fluminense Is the Big Winner of the Controversial 2025 Club World Cup – Sportico.com

Fluminense Is the Big Winner of the Controversial 2025 Club World Cup – Sportico.com

July 9, 2025
A Masterclass on Status, Power, & the Economy with Tressie M… – Kottke.org

Unlocking Status, Power, and the Economy: A Masterclass with Tressie M

July 9, 2025
Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

July 9, 2025
Tuesday’s Station Research Advancing Crew Health as Crew Unpacks Cargo – NASA (.gov)

Tuesday’s Station Research Advancing Crew Health as Crew Unpacks Cargo – NASA (.gov)

July 9, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (712)
  • Economy (737)
  • Entertainment (21,625)
  • General (15,795)
  • Health (9,774)
  • Lifestyle (742)
  • News (22,149)
  • People (737)
  • Politics (745)
  • Science (15,954)
  • Sports (21,235)
  • Technology (15,721)
  • World (718)

Recent News

Google Fiber puts Nokia network slicing technology to the test – Fierce Network

Google Fiber Puts Nokia’s Network Slicing Technology to the Ultimate Test

July 9, 2025
Ball State is the worst team in EA Sports College Football 26. Could that be a good thing? – Yahoo Sports

Is Being the Worst Team in EA Sports College Football 26 Actually an Advantage for Ball State?

July 9, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version