Tag: Personal Income Tax Act

“Interest is payable quarterly while bullet repayment (principal sum) is on maturity date,” the DMO said.

‘‘Since you guys insist, You can gladly come and close down my business, arrest me, jail me, or kill me ...

According to the Lagos government, the defendant is a taxable personality but has evaded tax.

The bond is subject to a minimum subscription of N5,000 and in multiples of N1,000 thereafter.

The bill seeks to increase the value-added tax (VAT) from five per cent to 7.5 per cent, among others.

“In the matter at hand, banks are not our tax payers. The customers in the banks are our tax payers.”