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Taxes payable by manufacturers up from 39, now 61 By Franklin Alli
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AGOS — IF indications are anything to go by, there is no relief in sight yet for manufacturers in the
country as their tax burden is being increased. This is because the Federal Government has increased the number of taxes collectible by the
Federal Inland Revenue Services, FIRS, from a previous 39 to 61 items. Some of the new taxes as contained in the schedule to the taxes and levies (Approved list for
...towards a better life for the people VOL. 25: NO. 63052
collection) Act (Amendment Order), 2015 , include: “ National Information Technology Development Levy, Economic Development Levy, Environmental
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(Ecological) Fee or Levy; Inter-state Road Taxes; Mining, Milling and Quarrying fee; Infrastructure Maintenance Charge; Social Services
Contribution Tax, and Wharf Landing Fee where applicable. Others are
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N200
FRIDAY, JUNE 17, 2016
FirstBank, Zenith, UBA, GTB okay as FX dealers •Others are Access, Diamond, FCMB, Fidelity •CBN meets with dealers to fine-tune take-off •Unveils N500bn fund to boost non-oil exports •IMF welcomes new forex regime
Bloodbath: 11 gunned down as cult killings resurface in Rivers 7
Calm returns as hijab-wearing persists
See inside
C M Y K
AGOS — AS banks begin to settle into the dynamics of the flexible foreign exchange regime, which will take effect from Monday, the Central Bank of Nigeria, CBN, is set to name the lead players in the foreign exchange market
EFCC probes Ortom over N4.29bn transfer, quizzes Inde, ex-Customs CG, over N40bn cash diversion 5
Mr & Mrs MEETING: President Muhammadu Buhari (right) and All Progressives Congress, APC, Leader, Senator Ahmed Tinubu, during a meeting in London, yesterday.
COLUMNISTS: OSUN RELIGIOUS FACE-OFF:
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Jonathan falls short of $5m Mo Ibrahim Prize 12
By Emeka Anaeto, Economy Editor, Babajide Komolafe & Nkiru Nnorom
NDA blows up NNPC pipeline in 3 A-Ibom
Abdelaziz: Great Good news for a change! •As new militant group leader, Great •P.19 nation •P.17 threatens Utorogu gas plant