• Advertise
  • Privacy & Policy
  • Contact
Kakaaki News
  • Home
  • Breaking News
    • All
    • Business
    • News
    • Politics
    • Science
    • World
    Police council confirms Usman Baba as IGP

    Naira Racketeering: Police Chief orders arrest of persons selling Naira notes

    47,975 terrorists surrendered to troops in six months – Defense Headquarters

    Things you need to know about Army DSSC recruitment

    Buhari warns ministers, perm secs on mandates

    Allow new, old naira co-exist, APC govs tell Buhari

    CBN extends old naira submission deadline

    CBN extends old naira submission deadline

    PDP lose gov candidate weeks to election

    PDP lose gov candidate weeks to election

    Lagos communities hail Sanwo-Olu, endorses APC Candidates

    Lagos communities hail Sanwo-Olu, endorses APC Candidates

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Politics
    Full speech: I’ll erase terror, replicate Lagos achievements, Tinubu says at APC convention

    Full speech: I’ll erase terror, replicate Lagos achievements, Tinubu says at APC convention

    2023: APC, PDP, others get August 2022 deadline to produce presidential, gov candidates

    2023: APC, PDP, others get August 2022 deadline to produce presidential, gov candidates

    Support ECOWAS sanctions on Mali, Guinea coup leaders, Osinbajo tells UN, EU

    FG, Lagos collaborate to boost housing sector

    FG, Lagos collaborate to boost housing sector

    President Buhari launches eNaira in Abuja

    Whitemoney grabs N90m prize as winner of BBNaija

    Whitemoney grabs N90m prize as winner of BBNaija

    VAT crisis: We are confused over remittance, private sector laments

    VAT crisis: We are confused over remittance, private sector laments

    Actress Hamzat defends Odunlade over sex-for-role allegations

    Borno Govt paid 587 corps members’ N202.6m to offsets allowances

    NYSC gives new directives to Plateau corpers

  • Education
  • Health
  • Business
  • Sports
    Full speech: I’ll erase terror, replicate Lagos achievements, Tinubu says at APC convention

    Full speech: I’ll erase terror, replicate Lagos achievements, Tinubu says at APC convention

    2023: APC, PDP, others get August 2022 deadline to produce presidential, gov candidates

    2023: APC, PDP, others get August 2022 deadline to produce presidential, gov candidates

    Support ECOWAS sanctions on Mali, Guinea coup leaders, Osinbajo tells UN, EU

    FG, Lagos collaborate to boost housing sector

    FG, Lagos collaborate to boost housing sector

    President Buhari launches eNaira in Abuja

    Whitemoney grabs N90m prize as winner of BBNaija

    Whitemoney grabs N90m prize as winner of BBNaija

    VAT crisis: We are confused over remittance, private sector laments

    VAT crisis: We are confused over remittance, private sector laments

    Actress Hamzat defends Odunlade over sex-for-role allegations

    Borno Govt paid 587 corps members’ N202.6m to offsets allowances

    NYSC gives new directives to Plateau corpers

  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    Nigerian actor Papa Ajasco is dead

    Nigerian actor Papa Ajasco is dead

    Brave Morocco beat Portugal, zoom into W’Cup semi-finals

    Brave Morocco beat Portugal, zoom into W’Cup semi-finals

    Update on the Davido and Chioma’s son, Ifeanyi

    Update on the Davido and Chioma’s son, Ifeanyi

    Scene One TV: Funke Akindele faces Deeper Crisis

    Scene One TV: Funke Akindele faces Deeper Crisis

    Lagos council election: I have no candidates, Tinubu clears air

    2023: Nollywood stars pledge support for Tinubu

    Lagbaja returns, to thrill guests with Rema at AMVCA 2022

    Lagbaja returns, to thrill guests with Rema at AMVCA 2022

  • Interviews
    COVID-19: Nigerians will come out stronger, says Osinbajo

    NEMA: STOP DRAGGING OSINBAJO INTO YOUR IMPENDING IMPLOSION, GROUP TELLS PDP

    COVID-19: Redefining the Order of Worship

    COVID-19: Redefining the Order of Worship

    WHY I RETIRED FROM SUPER EAGLES, IGHALO REVEALS

    WHY I RETIRED FROM SUPER EAGLES, IGHALO REVEALS

    Jandor Salutes Aare GANI ADAMS at 50, Commends the Yoruba Generalissimo for being at the forefront, promoting Yoruba Culture

    Jandor Salutes Aare GANI ADAMS at 50, Commends the Yoruba Generalissimo for being at the forefront, promoting Yoruba Culture

    IPOB, KANU’S NEMESIS: LADY OLUNLOYO, AUTHOR OF KANU’S OBITUARY

    Punch Under Attack Over Unethical Practice – Columnist Admits Error, Indiscretion, Begs Secretly

    Punch Under Attack Over Unethical Practice – Columnist Admits Error, Indiscretion, Begs Secretly

No Result
View All Result
  • Home
  • Breaking News
    • All
    • Business
    • News
    • Politics
    • Science
    • World
    Police council confirms Usman Baba as IGP

    Naira Racketeering: Police Chief orders arrest of persons selling Naira notes

    47,975 terrorists surrendered to troops in six months – Defense Headquarters

    Things you need to know about Army DSSC recruitment

    Buhari warns ministers, perm secs on mandates

    Allow new, old naira co-exist, APC govs tell Buhari

    CBN extends old naira submission deadline

    CBN extends old naira submission deadline

    PDP lose gov candidate weeks to election

    PDP lose gov candidate weeks to election

    Lagos communities hail Sanwo-Olu, endorses APC Candidates

    Lagos communities hail Sanwo-Olu, endorses APC Candidates

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Politics
    Full speech: I’ll erase terror, replicate Lagos achievements, Tinubu says at APC convention

    Full speech: I’ll erase terror, replicate Lagos achievements, Tinubu says at APC convention

    2023: APC, PDP, others get August 2022 deadline to produce presidential, gov candidates

    2023: APC, PDP, others get August 2022 deadline to produce presidential, gov candidates

    Support ECOWAS sanctions on Mali, Guinea coup leaders, Osinbajo tells UN, EU

    FG, Lagos collaborate to boost housing sector

    FG, Lagos collaborate to boost housing sector

    President Buhari launches eNaira in Abuja

    Whitemoney grabs N90m prize as winner of BBNaija

    Whitemoney grabs N90m prize as winner of BBNaija

    VAT crisis: We are confused over remittance, private sector laments

    VAT crisis: We are confused over remittance, private sector laments

    Actress Hamzat defends Odunlade over sex-for-role allegations

    Borno Govt paid 587 corps members’ N202.6m to offsets allowances

    NYSC gives new directives to Plateau corpers

  • Education
  • Health
  • Business
  • Sports
    Full speech: I’ll erase terror, replicate Lagos achievements, Tinubu says at APC convention

    Full speech: I’ll erase terror, replicate Lagos achievements, Tinubu says at APC convention

    2023: APC, PDP, others get August 2022 deadline to produce presidential, gov candidates

    2023: APC, PDP, others get August 2022 deadline to produce presidential, gov candidates

    Support ECOWAS sanctions on Mali, Guinea coup leaders, Osinbajo tells UN, EU

    FG, Lagos collaborate to boost housing sector

    FG, Lagos collaborate to boost housing sector

    President Buhari launches eNaira in Abuja

    Whitemoney grabs N90m prize as winner of BBNaija

    Whitemoney grabs N90m prize as winner of BBNaija

    VAT crisis: We are confused over remittance, private sector laments

    VAT crisis: We are confused over remittance, private sector laments

    Actress Hamzat defends Odunlade over sex-for-role allegations

    Borno Govt paid 587 corps members’ N202.6m to offsets allowances

    NYSC gives new directives to Plateau corpers

  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    Nigerian actor Papa Ajasco is dead

    Nigerian actor Papa Ajasco is dead

    Brave Morocco beat Portugal, zoom into W’Cup semi-finals

    Brave Morocco beat Portugal, zoom into W’Cup semi-finals

    Update on the Davido and Chioma’s son, Ifeanyi

    Update on the Davido and Chioma’s son, Ifeanyi

    Scene One TV: Funke Akindele faces Deeper Crisis

    Scene One TV: Funke Akindele faces Deeper Crisis

    Lagos council election: I have no candidates, Tinubu clears air

    2023: Nollywood stars pledge support for Tinubu

    Lagbaja returns, to thrill guests with Rema at AMVCA 2022

    Lagbaja returns, to thrill guests with Rema at AMVCA 2022

  • Interviews
    COVID-19: Nigerians will come out stronger, says Osinbajo

    NEMA: STOP DRAGGING OSINBAJO INTO YOUR IMPENDING IMPLOSION, GROUP TELLS PDP

    COVID-19: Redefining the Order of Worship

    COVID-19: Redefining the Order of Worship

    WHY I RETIRED FROM SUPER EAGLES, IGHALO REVEALS

    WHY I RETIRED FROM SUPER EAGLES, IGHALO REVEALS

    Jandor Salutes Aare GANI ADAMS at 50, Commends the Yoruba Generalissimo for being at the forefront, promoting Yoruba Culture

    Jandor Salutes Aare GANI ADAMS at 50, Commends the Yoruba Generalissimo for being at the forefront, promoting Yoruba Culture

    IPOB, KANU’S NEMESIS: LADY OLUNLOYO, AUTHOR OF KANU’S OBITUARY

    Punch Under Attack Over Unethical Practice – Columnist Admits Error, Indiscretion, Begs Secretly

    Punch Under Attack Over Unethical Practice – Columnist Admits Error, Indiscretion, Begs Secretly

No Result
View All Result
Kakaaki News
No Result
View All Result
Home Uncategorized

VAT crisis: We are confused over remittance, private sector laments

admin by admin
September 20, 2021
in Uncategorized
0
VAT crisis: We are confused over remittance, private sector laments
89
SHARES
89
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

The Organised Private Sector of Nigeria has said fulfilling of tax obligations, especially remitting Value Added Tax, has become confusing as businesses did not know the actual authority to relate with.

A statement from the association disclosed that OPSN chairman, Mr Taiwo Adeniyi, said this while addressing a forum on Friday.

The Organised Private Sector of Nigeria comprises of Manufacturers Association of Nigeria, Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture, Nigeria Employers Consultative Association, Nigeria Association of Small Scale Industries and Nigeria Association of Small and Medium Enterprises.

Some state governments and the Federal Inland Revenue Services are currently slugging it out in court over who should VAT in their states.

Adeniyi said, “It is important to also note that at a time when businesses are clamouring for streamlining and reduction of tax burdens, the ongoing challenge has the potential to make businesses pay double VAT because of the demands of the FIRS and state governments for remittance of VAT.

“More so, as the deadline for remittance of VAT collection falls due on 21st of every month. Businesses as the collecting agents are practically unclear on authority to remit to and without a clear path, this would further aggravate the pain on businesses.”

He added that the Federal Inland Revenue Services and states should not throw businesses under the bus.

“We appreciate the Lagos and Rivers state governments for the platform created to engage organised businesses in the course of this controversy.

“We appeal that the FIRS and the states should also engage, in the interest of enterprise competitiveness and national development.”

Adeniyi said that adding the current issue to accumulated issues facing Nigerian businesses would make survival of enterprises even tougher.

Previous Post

My husband beats me for eating too much – Woman tells court

Next Post

Governor Sanwo-Olu signs anti-open grazing bill into law

admin

admin

Next Post
Governor Sanwo-Olu signs anti-open grazing bill into law

Governor Sanwo-Olu signs anti-open grazing bill into law

Leave a Reply Cancel reply

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

I agree to the Terms & Conditions and

Stay Connected

Follow, like and subscribe

Stay updated with the latest news

  • Trending
  • Comments
  • Latest
UNILAG Vice-Chancellor, Ogundipe, Reinstated

UNILAG Vice-Chancellor, Ogundipe, Reinstated

November 10, 2020
COVID-19: FG Extends Ban on Flights by 4 Weeks

BREAKING: FG announces next phase of lockdown tomorrow

June 29, 2020
Buhari asks scientists to verify Madagascan COVID-19 cure before use

FG Gives Date For School Resumption

May 22, 2020
Lagos APC Leaders settles for Ex-Lagos Commissioner, Cornelius Ojelabi, As State Chair

Lagos APC Leaders settles for Ex-Lagos Commissioner, Cornelius Ojelabi, As State Chair

October 12, 2021
COVID-19: Sanwo-Olu List Schools For E-Lectures, Approves Portals

COVID-19: Sanwo-Olu List Schools For E-Lectures, Approves Portals

2
Reps question Health Minister on whereabouts of Chinese doctors

We didn’t approve firearms for FRSC, Reps confirmed

2
BREAKING: Kano New Coronavirus Cases reach 74, Ganduje Confirms

BREAKING: Kano New Coronavirus Cases reach 74, Ganduje Confirms

1

IPOB, KANU’S NEMESIS: LADY OLUNLOYO, AUTHOR OF KANU’S OBITUARY

1
Police council confirms Usman Baba as IGP

Naira Racketeering: Police Chief orders arrest of persons selling Naira notes

February 4, 2023
47,975 terrorists surrendered to troops in six months – Defense Headquarters

Things you need to know about Army DSSC recruitment

February 3, 2023
Buhari warns ministers, perm secs on mandates

Allow new, old naira co-exist, APC govs tell Buhari

February 3, 2023
A MODERN MARVEL

A MODERN MARVEL

January 31, 2023

Recent News

Police council confirms Usman Baba as IGP

Naira Racketeering: Police Chief orders arrest of persons selling Naira notes

February 4, 2023
47,975 terrorists surrendered to troops in six months – Defense Headquarters

Things you need to know about Army DSSC recruitment

February 3, 2023
Buhari warns ministers, perm secs on mandates

Allow new, old naira co-exist, APC govs tell Buhari

February 3, 2023
A MODERN MARVEL

A MODERN MARVEL

January 31, 2023
Kakaaki News

We bring you the latest news

Follow Us

Browse by Category

  • Africa
  • Apps
  • Breaking News
  • Business
  • Court & Judiciary
  • Crime
  • Editorial
  • Education
  • Entertainment
  • Fashion
  • Food
  • Gadget
  • Gaming
  • Health
  • Interviews
  • Lifestyle
  • Marriage & Romance
  • Mobile
  • Movie
  • Music
  • News
  • Opinion
  • Politics
  • Politics
  • Religion
  • Science
  • Security
  • Sports
  • Startup
  • Tech
  • Transportation
  • Travel
  • Uncategorized
  • World

Recent News

  • Naira Racketeering: Police Chief orders arrest of persons selling Naira notes
  • Things you need to know about Army DSSC recruitment
  • Allow new, old naira co-exist, APC govs tell Buhari
  • Advertise
  • Privacy & Policy
  • Contact

© 2020 KakaakiNews - designed bywpdiligence.

No Result
View All Result
  • Home
  • Breaking News
  • Politics
  • Education
  • Health
  • Business
  • Sports
  • Entertainment
  • Interviews

© 2020 KakaakiNews - designed bywpdiligence.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our I Agree