Photo: X In an effort to boost tourism, the Kingdom of Saudi Arabia (KSA) will launch a value-added tax (VAT) refund system for tourists In 2025. The Saudi Zakat, Tax and Customs Authority will oversee the implementation of a system aimed at simplifying tax compliance, Arabic daily Sabq reported. The initiative aligns with the National … Read more
Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, had said majority of the consumption Value-Added Tax (VAT) the Nigerian government received over the years are from low income earners. He said the government wants to reform its tax system to remove VAT from essential consumption, education, healthcare, transportation and accommodation … Read more
Italian anti-tourism protestors have targeted key safes off holiday properties in a bid to deter visitors they say are pricing them out of local housing. Activists calling themselves ‘Robin Hood’ have pulled off several safes from properties in Rome, denying travellers access to their holiday lets. Letters were attached to lampposts around the city under … Read more
Last updated Thursday June 13. LONDON — With a July 4 election looming, the ruling Conservatives and opposition Labour Party — 22 points ahead in the polls — have both now launched their manifestos. The process has been radically different for each. While the Conservatives’ was penned by a tight-knit group of aides, Labour’s was … Read more
The House of Representatives Public Accounts Committee (PAC) has queried the payment of N15 billion to Remita, a payment platform, from the Office of the Accountant General for the Federation (OAGF). The committee accused the Central Bank of Nigeria (CBN) and commercial banks of complicity in the sharing of the N15 billion remittance. Chairman of … Read more
Last Updated: March 14, 2024, 21:49 IST About eight lakh employees and 4.40 lakh pensioners will benefit from the decision. The government announced a 4 percentage point hike in dearness allowance of employees and pensioners on the lines of the Centre. The decisions were taken in the state cabinet meeting held here on Thursday evening … Read more
LONDON — Jeremy Hunt rolled the pre-election dice Wednesday. The U.K. chancellor delivered a budget full of measures aimed at boosting Britain’s sluggish growth and reversing his party’s electoral fortunes. In doing so, he parked a fair few tanks on the opposition Labour Party’s lawn ahead of a nationwide battle for Downing Street later this … Read more
The House of Representatives has queried Access Bank, Citi Bank, Ecobank and Fidelity Bank over N11.632 trillion revenue collected on behalf of the federal government through the REMITA platform between 2015 and 2022. Chairman, House Committee on Public Accounts, Bamidele Salam, issued the query at the resumed investigative hearing on ‘alleged revenue leakages through REMITA … Read more
Hannah Jowett, pictured, was suspicious and frustrated earlier this year when she says she had to wait three hours for her Ford Focus to be returned after her flight from a three-week trip in Mexico Hannah Jowett, 36, a video production manager living in Leeds, was suspicious and frustrated earlier this year when she says … Read more
