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The agency was set up by Decree No. 49 of 1989 which was later amended by Decree 98 of 1993 and is presently RMAFC Act CAP R7 LFN 2004 under Section 153(1) of the 1999 Constitution of the Federal Republic of Nigeria. The Bill for an Act to Repeal and Re-enact the Revenue Mobilisation Allocation and Fiscal Commission Act, 2023 has passed the ...
The Nigeria Union of Journalists (NUJ) urged Tinubu to address the dispute with the ASUU. [21] On 25 June 2024, 1,800 petrol stations were shut down in northeastern Nigeria, after the Independent Petroleum Marketers Association of Nigeria (IPMAN) began a strike in protest against an anti-smuggling operation by the Nigeria Customs Service (NCS).
In July 2024, Senator Kawu Suleiman Abdurrahman, representing Kano South, introduced a bill in the Nigerian Senate titled "Constitution of the Federal Republic of Nigeria, 1999 (Alteration) Creation of Tiga State Bill, 2024 (SB.523)". [3] The bill underwent its First Reading on July 10, 2024. [4]
The Tax Cuts and Jobs Act, the 2017 tax reform bill, provided full business expensing, allowing employers to fully deduct capital expenditures, along with research and development costs, in year one.
“We will reform agricultural property relief and business relied from April 2026, the first £1m of combined business and agricultural assets will continue to attract no inheritance tax at all.
The Board of Inland Revenue was created in 1958, and the service gained autonomy with the passing of the FIRS (Establishment) Act 13 of 2007. [ 3 ] In 2003, the Federal Government of Nigeria recognized that poor service delivery in the public sector had become an urgent national issue and undertook a series of steps that lead to the entering ...
He has introduced bills calling for similar tax reform since 2004, but the bills have never made it out of committee. [18] President Obama's tax reform proposals are highlighted in his administration's 2013 United States federal budget proposal and in a framework for corporate and international tax reform presented by the administration. [19]
This is done with partners in the Nigeria Civil Society Situation Room. Situation Room is a coordinating platform for civil society engagement on governance issues with focus on information sharing among civil society groups working on elections and topical national issues, with a view to promoting collaboration, proactive advocacy, and rapid ...