NEWS

0.9K Posts

Sort by: Latest

Private: [ID: ly9PZnFl4_E] Youtube Automatic

Watch LaterAdded 06:19

Amaechi Inspects Lekki Deep Seaport, Tasks Contractors To Complete Work By July

January 22, 2022January 22, 2022

Minister of Transportation Rotimi Amaechi Inspects Lekki Deep Seaport in Lagos Commend Contractors for work done so far, urge them t...

Private: [ID: jziha1Fe66A] Youtube Automatic

Watch LaterAdded 01:28

NEWS

Mad Police Officer Assault Woman In Edo State, Shoot At Fellow Passengers, Threaten To Kill Them All

January 22, 2022January 22, 2022

Mad Drama in Edo state as viral video shows gun totting police officer assault passengers at gun point, slap woman and threaten to k...

Private: [ID: RvCGLvZDXuw] Youtube Automatic

Watch LaterAdded 07:01

NEWS

Tinubu Support Organization Makes Passionate Appeal To Nigerian Youths For Support

January 22, 2022January 22, 2022

Tinubu Support Organization urge Nigerian youths to support the APC National Leader for Presidency over his sterling qualities and h...

Private: [ID: lJz5gxp0H-Y] Youtube Automatic

Watch LaterAdded 08:57

NEWS

New Regulatory Body For Secondary Schools Constituted

January 22, 2022January 22, 2022

Federal Government inaugurates new regulatory agency for secondary school in the country

Private: [ID: SU_pyDLmehw] Youtube Automatic

Watch LaterAdded 09:47

NEWS

863 Terrorists Surrender To Nigerian Troops

January 22, 2022January 22, 2022

Almost nine hundred terrorists have surrendered to Nigerian troops within the last two weeks following intense military operations a...

Private: [ID: jdoouGmT9jU] Youtube Automatic

Watch LaterAdded 07:48

NEWS

INEC Meets With Security Agencies On Ekiti And Osun Polls

January 22, 2022January 22, 2022

INEC hosts the first quarter Inter-agency consultative committee on Election security for the year two thousand and twenty-two, rece...

Private: [ID: 6ywE_BikwB0] Youtube Automatic

Watch LaterAdded 02:26

NEWS

President Buhari Unveils largest Rice Pyramids In Africa

January 21, 2022January 21, 2022

President Muhammadu Buhari unveils one million bags paddy rice pyramids, the largest in Africa

Private: [ID: ThPt-hgf8lE] Youtube Automatic

Watch LaterAdded 06:07

NEWS

Umahi Stop Misleading People, Ebonyi is Not Largest Rice Producer, Jigawa Is Number 3 Alh Muhammad

January 21, 2022January 21, 2022

Governor of Jigawa state Alh Muhammad Badaru Abubakar revealed during the unveiling of the Abuja Rice Pyramids that Jigawa now produ...

Private: [ID: iBKQchNHKO0] Youtube Automatic

Watch LaterAdded 03:12

NEWS

Ogoja In Cross River Now Boasts Of The First Vitaminized Rice Mill In West Africa – Gov Ben Ayade

January 21, 2022January 21, 2022

Cross River state Governor begs Pres Buhari to come to Ogoja in March to see the first Vitaminized rice mill in the country, says th...

Private: [ID: JMp6pb3CWhk] Youtube Automatic

Watch LaterAdded 08:54

NEWS

Rice Pyramids Show President Buhari Believes In The Nigerian Economy Atiku Bagudu Governor Kebbi S

January 21, 2022January 21, 2022

Abuja Rice pyramids show President Muhammadu Buhari believes in Nigeria’s economy Rice farmers are now richer and more prosperous

2022: Our Target Is To Achieve 100% Automation Of Tax Administration Processes – FIRS

We will give priority to taxation of digital economy …

The Federal Inland Revenue Service (FIRS) has stated that it will achieve 100% automation of all its tax administration processes with the aim of blocking revenue leakages thereby revolutionizing revenue generation in Nigeria.

Calling for the cooperation of Nigerians to achieve this, the Executive Chairman of the FIRS, Muhammad Nami while speaking as the Special Guest at the Pedabo 2022 Annual Public Private Sector Engagement on Tuesday highlighted that by virtue of the amendment to Section 25 of the FIRS (Establishment) Act in the 2021 Finance Act, any person who fails to grant the Service access to its information technology systems to connect to its automated tax administration solution is liable to penalties under the law.

“We will seek to achieve 100% automation of all our tax administration processes, which will block revenue leakages and revolutionize revenue generation in the country. We expect your full cooperation in this regard, considering that by the amendment to Section 25 of the Federal Inland Revenue Service (Establishment) Act in the 2021 Finance Act (through Section 18 of the 2021 Finance Act), any person who fails to grant the Service access to its information technology systems to connect to its automated tax administration solution is liable to penalties under the law.”

Muhammad Nami in his address had earlier noted that in the year 2021, the Service had leveraged on the amendments to its Establishment Act to embark on “a major infrastructure overhaul, focusing on the deployment of technology for the automation of its processes and procedures,” thereby deploying its home-grown integrated tax administration system, TaxPro Max.

He went further to state that in 2022, the Service will give priority to the collection of taxes from the digital economy, and that it will deploy technological tools in assessing entities that fall within the Significant Economic Presence (SEP) threshold and relevant turnover generated from Nigeria.

“With the amendment of Section 10 of the VAT Act by the Finance Act 2021, we will implement the published Guidelines on the Simplified Compliance Regime on VAT for Non-Resident Suppliers, to collect VAT on digital supply of services and intangibles to Nigeria.

“The Service has deployed a digital service interface, the Digital Economic Compliance (DEC) Tool, to facilitate the implementation of the Regime. The implementation of the DEC Tools will also assist the Service in determining entities that fall within the SEP threshold and relevant turnover generated from Nigeria. This tool will go live shortly.”

He also stated that the Service “will focus on compliance and enforcement strategies in 2022, by leveraging on intelligence, strategic data mining and analysis, to enhance audit and investigation functions and implementing the penalty regimes in accordance with the laws;” adding that, “the Service is poised to ensure prosecution of recalcitrant taxpayers in 2022.”

Mr. Muhammad Nami called on taxpayers, tax consultants, tax collection agents and other stakeholders in the tax system to partner with the FIRS in 2022 to make taxation and tax revenue collection a pivot for economic growth and national development, stating that “no society can grow without its citizens paying their taxes.”

Johannes Oluwatobi Wojuola

Special Assistant to the Executive Chairman

(Media & Communication)

January 19, 2022

AMAECHI TSUNAMI HITS NIGERIA, YOUTHS DEMAND HE THROWS HIS CAP INTO THE 2023 PRESIDENCY RACE

Youths from several groups around the country have thrown their weight behind the giant strides of Nigeria’s Minister of Transportation Chibuike Rotimi Amaechi

The youths over the weekend have insisted they will take nothing less from Nigeria’s award winning Minister and most outstanding performing minister in the current administration than a ‘Yes’ to contest the 2023 presidency under the platform of the All progressives Congress

The flyers by the youths have already began circulating Nigeria’s social media space in support of the no nonsense Minister of Transportation Chibuike Rotimi Amaechi

Amaechi endeared the hearts of millions of Nigerians after the successful completion of the Lagos Ibadan standard guage rail line that transverses several communities in the south west Zone of the country and terminates right inside the ports in Lagos

His monthly inspections exposed Amaechi’s keen eye to details and his unwilling posture to bulge as he compelled the contractors, the China Civil Engineering Construction Corporation CCECC to keep to details specified in the contracts ensuring Nigeria is not short-changed

Amaechi also completed the 30 year old abandoned Warri to Itakpe standard guage rail line in less than 3 years, redesigning and ensuring it is fit for passenger use unlike it’s previous design which only permitted the transportation of Iron ore from Itakpe to Warri

The rail line has become a major transport hub saving passengers hours off the busy Warri Lokoja transport route

While the Minister has refused to make any comments on the demands by the youths, some of them have said it is Amaechi or no one

With Nigeria now a major construction hub as terminals are being built in Kano, the Kano-Kaduna rail line under construction, the Lekki deep sea port almost nearing completion (Nigeria’s first deep seaport), another deep sea port being constructed in Bonny Island in Rivers state, the design of the Port Harcourt Maiduguri narrow guage line in progress, Papalanto in Ogun state rail coach assembly yard construction reaching an advanced phase, work currently ongoing on Daura transport university, it is believed no politician from Nigeria currently has shown enough pedigree, wit and determination to improve Nigeria’s infrastructure in the last 6 years

While it is clear that the calls might not be unconnected to these landmark achievements achieved by Mr Amaechi, the youths will have to engage in more intense lobbying to ensure Amaechi accedes to their request as he has refused to publicly accept their entreaties

******************************************
Subscribe to our YouTube Channel “Development Nigeria Tv”
Also Follow us on Facebook “DevNigeria TelevisionNews”
Like our Facebook page “Devnigeria.tv”
And our facebook group “DevNigeria Television News”
We are also active on Instagram “Devnigtv”
And on twitter @DevNigeriaTv
You can send us a chat on whatsapp;- 07089284472
Or visit our website on www.devnigeria.tv