• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result

Yes!!! FG, Joint Tax Boards Bans Tax Contractors, MDA’s From Collecting Taxes And Levies

Nairametrics by Nairametrics
October 22, 2013
in Uncategorized
Share on FacebookShare on TwitterShare on Linkedin

The Government and the Joint Tax Board has now made it a crime for any state in the country to engage anybody or an organisation other than the Board of Internal Revenue Service (BIRS) to collect approved taxes. Federal Ministries, Department and Agencies (MDAs) are also banned from collection of taxes and levies because this is a violation of the Taxes and Levies Act.

According to the Guardian the decision;

was one of the high points of the new road-map for the implementation of NEC’s resolutions on harmonisation of taxes and levies across the federation developed following complaints  to the Federal Government by operators of the real sector under the aegis of Manufacturing Association of Nigeria (MAN) in the country that the multiplicity of taxes and levies country-wide numbering over 79 were impinging on their expansion and was equally responsible for the shutdown of some businesses in the country.

What this means essentially is that State Contractors, agents, touts etc who on behalf of the State Government impose and collect all sorts of multiple taxes can no longer to that. Before now, Tax contractors collect taxes on behalf of States in exchange for a commission giving them the incentive to flout laws and imposse multiple charges on innocent businesses.

RelatedStories

Developing countries may likely bear the brunt of OPEC’s oil production cuts – IEA

Nigeria, Ivory Coast, and Mozambique set for 10 offshore drilling projects by 2027 

May 5, 2025
Nigeria pledges support for BRICS to drive global finance reforms and multilateral cooperation among partners 

Nigeria pledges support for BRICS to drive global finance reforms and multilateral cooperation among partners 

April 30, 2025

 

Tags: News ReviewNigeria
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

Related Posts

Developing countries may likely bear the brunt of OPEC’s oil production cuts – IEA
Energy

Nigeria, Ivory Coast, and Mozambique set for 10 offshore drilling projects by 2027 

May 5, 2025
Nigeria pledges support for BRICS to drive global finance reforms and multilateral cooperation among partners 
Economy

Nigeria pledges support for BRICS to drive global finance reforms and multilateral cooperation among partners 

April 30, 2025
UK,Rwanda
"Japa"

Japa: UK deports immigration offenders and failed asylum seekers to Nigeria and Ghana 

April 27, 2025
IMF Projects 3% economic growth rate for Nigeria in 2025 
Economy

IMF to FG: Stay vigilant, trade tensions may hurt Nigeria’s earnings 

April 23, 2025
Cost of cooking pot of Jollof Rice in Nigeria rises by 13.7% to N12,373
Economy

A pot of jollof rice now costs N25,486 in Nigeria, up by19% in 6 Months

April 23, 2025
Business News

Lessons from Zambia: How Nigeria can manage its solid minerals for sustainable development

April 17, 2025
Next Post
This Chart Shows Forte Oil’s Meteoric Rise From N7.7 As At January And N70.88 Today!!

This Chart Shows Forte Oil's Meteoric Rise From N7.7 As At January And N70.88 Today!!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

nlng
Zenth Bank
Emple
first bank
Zenth Bank








DUNS

Recent News

  • Wema Bank to raise N50 billion via private placement as it moves to meet CBN’s recapitalization target 
  • Japan eases student visa rules for 2025, expands scholarships & English Language degrees 
  • ROYALEX hits 903.5 million in trading volume amid a 0.40% decline in the All-Share Index  

Follow us on social media:

Recent News

Wema Bank’s Rights Issue and Share Price Rally: Rewarding Investor Confidence

Wema Bank to raise N50 billion via private placement as it moves to meet CBN’s recapitalization target 

May 23, 2025
Japan to admit 820,000 foreigners in transportation, logistics sectors; eases current regulations

Japan eases student visa rules for 2025, expands scholarships & English Language degrees 

May 23, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics