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Nigeria: FIRS advises shipping companies on tax regularisation
The agency said all affected international shipping lines must conclude the regularisation of their outstanding tax returns no later than 31 December.
The Federal Inland Revenue Service (FIRS) has urged all international shipping companies operating in the Nigerian territorial waters to regularise their tax positions immediately.
A public notice signed by the Executive Chairman, FIRS, Muhammad Nami, and published on the agency verified X platform page on Monday said the agency observed that many international shipping lines have not complied with the tax obligations imposed by extant tax laws.
The agency said all affected international shipping lines must conclude the regularisation of their outstanding tax returns no later than 31 December.
The agency noted that the notice continues the two previous circulars published in 2021 on taxation of international shipping airlines and tax compliance.
“This notice is published further to the FIRS Circular No.2021/14 dated 3rd June 2021 on the “taxation of international shipping and airlines” and public notice of 17th December 2021 on the “tax compliance of international shipping lines,” FIRS said.
It explained that the circular provides the basis of taxation for all international shipping lines in Nigeria, and the public notice requested all international shipping lines to regularise their tax affairs with the FIRS within three months of that publication date.
“Consequently, the Service hereby requests all international shipping companies operating in Nigerian territorial waters in whatever capacity (containerised, bulk cargo, fishing trawlers, crude oil and natural gas lifting vessels, dredging, survey, floating, production, storage, and offloading, etc) to regularise their tax positions immediately.
“All affected international shipping lines must conclude the regularisation of their outstanding tax returns at the Non-Resident Persons Tax Office (17B Awolowo Road, Ikoyi, Lagos) not later than 31st December 2023,” it said.
The agency added that it is collaborating with relevant security agencies to commence enforcement action on all defaulting shipping companies after the expiration of the grace period.
“What is needed now is politics that can turn our anxieties about life and the future into hope,” the 64-year-old told reporters.
Takaichi, a former internal affairs minister and close ally of slain ex-premier Shinzo Abe, revealed her bid during a meeting with former Prime Minister Taro Aso, now the LDP’s supreme adviser. Click link to continue reading.
Japanese conservative politician Sanae Takaichi on Thursday announced her intention to run for the leadership of the ruling Liberal Democratic Party (LDP), a contest that could make her the country’s first female prime minister, Kyodo News reported.
Takaichi, a former internal affairs minister and close ally of slain ex-premier Shinzo Abe, revealed her bid during a meeting with former Prime Minister Taro Aso, now the LDP’s supreme adviser.
“What is needed now is politics that can turn our anxieties about life and the future into hope,” the 64-year-old told reporters. She is scheduled to outline her policies at a press conference on Friday.
Takaichi is considered one of the leading contenders in the Oct. 4 party election, alongside Farm Minister Shinjiro Koizumi. A Jiji Press poll of 2,000 respondents showed Koizumi ahead with 23.8% support, followed by Takaichi at 21%.
Other expected candidates include Chief Cabinet Secretary Yoshimasa Hayashi, former Foreign Minister Toshimitsu Motegi, and former Economic Security Minister Takayuki Kobayashi.
The LDP leadership vote was originally scheduled for 2027, the end of Shigeru Ishiba’s three-year term, but was moved up after Ishiba announced his resignation on Sept. 7 following his coalition’s defeat in July’s upper house election.
While stepping down as party president, Ishiba will remain prime minister until the LDP chooses a new leader – a role that in Japan’s political system is effectively equivalent to the premiership.
The atmosphere in River State has significantly stabilized following President Bola Ahmed Tinubu’s decision to lift the six-month state of emergency that had been in place.
Although the immediate tension has eased, the challenges that Fubara will face from the state assembly and local government are looming large.
These potential conflicts could ignite a new wave of political turmoil, threatening to plunge the state back into chaos. Click link to continue reading.
The underlying issues remain unresolved, leaving many apprehensive about the future of governance in River State.
Tinubu, in a statement he signed yesterday, declared that the emergency rule would end at midnight, clearing the way for Fubara, his deputy, Ngozi Nma Odu and members of the State House of Assembly led by Speaker Martins Amaewhule to resume duties today.
The president said he saw no reason for the state of emergency to continue a day longer.
A fresh prophecy from Prophet Julius Okonkwo, a cleric and the presiding pastor of Kingdom Seeker Ministries based in the United States, revealed that the storm is not yet over in Rivers State.
“This jubilation should wait; I am not seeing peace at the moment, no peace, no cohesion; everyone is in a mind game, the storm is not over, and there will be another brutal storm. For Fubara, the battle is not over; he’s not happy, and things won’t favour him. The governor would be in his office with folded arms, eating and refreshing, but he wouldn’t have governing power. He has not been forgiven; only time will tell,” said Okonkwo in his weekly message.
Michael Collins Ajereh, popularly known as Don Jazzy or Don Baba J, is a Nigerian record producer, singer, songwriter, entrepreneur and philanthropist.
Following the closure of Mo’ Hits record label, Don Jazzy set up Mavin Records. Here is everything you need to know about Don Jazzy’s bio and net worth.
Don Jazzy is the founder and CEO of Mavin Records, Nigeria’s largest music company that has generated hit songs for several of the country’s top singers.
Don Jazzy has produced several popular songs for a variety of musicians, including D’banj, Wande Coal, Tiwa Savage, and many more. He has received several accolades for his songs, including the Nigerian Entertainment Award for Song Producer of the Year.…click link for full details
President Bola Tinubu’s path to reelection is becoming increasingly challenging with each passing day.
The opposition is intensifying its efforts and developing comprehensive strategies aimed at unseating his government in the upcoming 2027 elections. With political tensions rising, the battle for power is shaping up to be fierce and closely contested. Click link to continue reading.
The atmosphere in River State has significantly stabilized after President Bola Ahmed Tinubu lifted the six-month state of emergency that had been in effect.
While the immediate tension has eased, Governor Fubara still faces major challenges from the state assembly and local government.
These potential conflicts could spark a new wave of political turmoil, threatening to plunge the state back into chaos..
The underlying issues remain unresolved, leaving many apprehensive about the future of governance in River State.
Tinubu, in a statement he signed yesterday, declared that the emergency rule would end at midnight, clearing the way for Fubara, his deputy, Ngozi Nma Odu and members of the State House of Assembly led by Speaker Martins Amaewhule to resume duties today.
The president said he saw no reason for the state of emergency to continue a day longer.
A fresh prophecy from Prophet Julius Okonkwo, a cleric and the presiding pastor of Kingdom Seeker Ministries based in the United States, revealed that the storm is not yet over in Rivers State.
“This jubilation should wait; I am not seeing peace at the moment, no peace, no cohesion; everyone is in a mind game, the storm is not over, and there will be another brutal storm. For Fubara, the battle is not over; he’s not happy, and things won’t favour him. The governor would be in his office with folded arms, eating and refreshing, but he wouldn’t have governing power. He has not been forgiven; only time will tell,” said Okonkwo in his weekly message.
A civil society organisation, The Concerned Citizens of Nigeria (CCN), has petitioned US, UK to impose a travel ban and asset freeze on Zamfara Governor Dauda Lawal
Group accused Lawal of complicity, citing his own admissions of knowing bandits’ identities yet failing to act
CCN urged global action, asking the US, UK, EU, and Commonwealth to deny him entry, freeze assets, and send a strong message against leaders linked to terror.…click link for full details
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