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It is a government agency entrusted to assess, collect and account for all taxes, fees and levies in Rivers State, Nigeria. It is involved in the formulation of tax policy as well as the supervision of revenue collection due to the state. [1] Its headquarters is at Plot GS/1, Amadi Ama Layout, Port Harcourt in GRA, Port Harcourt .
A pay-as-you-earn tax (PAYE), or pay-as-you-go (PAYG) in Australia, is a withholding of taxes on income payments to employees. Amounts withheld are treated as advance payments of income tax due. They are refundable to the extent they exceed tax as determined on tax returns.
A senior civil servant acts as Permanent Secretary of the minister, assisting the politically appointed Minister of Finance, who is a member of the President's cabinet.. The Federal Ministry of Finance is led by the Honourable Minister of Finance and Coordinating Minister of the Economy, who serves as the chief executive officer.
The CITN was formed in February 1982 and chartered by the Federal Government of Nigeria by the enabling Act No. 76 of 1992. [1] Members of the institute may be Accounting, Legal or other professionals who have obtained the relevant tax expertise. The institute provides training and conducts examinations to determine eligibility. [2]
The right to information Bill is implicit in the notion that the Ghanaian taxpayers need to have access to information concerning what government does with their money and what government plans to do on their behalf (Daily Graphic, 21 July, 2017a). The bill is meant to ensure Ghanaians have access to governance or official information from ...
Similarly, the Institute led the efforts at reforming the budget process in Nigeria through the introduction of a Budget Process Bill. Other policy works of the Institute include research and publications – all of which are designed to supply legislators with accurate, timely and relevant information to aid their legislative functions.
The Federal Executive Council (FEC), also simply known as The Cabinet is the cabinet of ministers of the Federal Republic of Nigeria and is part of the executive branch of the Government of Nigeria. The council's role, as written in the Ministers' Statutory Powers and Duties Act, [ 1 ] is to serve as an advisory body to the President of Nigeria ...
The Nigerian Investment Promotion Commission was established by the United Nations Conference on Trade and Development [6] through Chapter N117 of the Nigerian Investment Promotion Act of 1995, and later became a specialized agency of the Federal Government of Nigeria through Chapter N117 of the Nigerian Investment Promotion Act of 2004 [7] by the former President of Nigeria Olusegun Aremu ...