In a gripping but evergreen musical rendition of a Yoruba folklore, late Fuji music lord, Ayinde Barrister, once deployed the canvas of the forest to paint the inequality of the world. In his Fuji New Waves album, he also depicted the acrimonies that follow the sharing of jointly hunted games. What the anecdote tells us is that, if we listen …

The Chairman of the Presidential Tax and Fiscal Policy Reforms Committee, Taiwo Oyedele, has said the proposed plan to increase the Value Added tax rate from 7.5 per cent to 10 per cent will be implemented in phases. This was as he revealed that empirical data had confirmed that less than 10 per cent of affluent Nigerians fulfil their obligation …

The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele has said that reports he is proposing an increase in Value Added Tax (VAT) rate have been quoted out of context. At a policy exposure and impact assessment session, organised by the committee on Wednesday, Oyedele had said: “We need to adjust the VAT rate …

Value Added Tax (VAT) will be increased from the present 7.5 per cent, if the Federal Government accepts the position of the Presidential Committee on Fiscal Policy and Tax Reforms. At a policy exposure and impact assessment session, organised by the committee on Wednesday, its chairman, Mr. Taiwo Oyedele said: “We need to adjust the VAT rate upward. We would …

The National Association of Telecommunications Subscribers (NATCOMS) has filed a suit at the Federal High Court (Lagos division) challenging the implementation of Value Added Tax (VAT) on telecommunications services, as taxable services. The suit, which was filed last Friday, is also challenging the imposition and implementation of excise duty charges on telecommunications services. The registered trustees of NATCOMS, led by …