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April 12 Deadline For Taxpayers To Get TIN, FIRS declares
The Federal Inland Revenue Service (FIRS) has again said it is mandatory for all taxpayers and companies to register and obtain the Tax Identification Number (TIN) and display it on all documents supporting business transactions before April 12, 2020. FIRS made this known in a public notice published on Monday which was signed by its Chairman, Muhammed Nami.
It stated that every company or business “shall provide their TIN to relevant providers of financial services not later 12th April, 2020, in order to update their existing records for accounts opened prior to the coming into effect of the Finance Act, 2019.” It also said banks and other financial institutions are required to request for TIN as a precondition for opening new accounts for companies and any other business.
It further explained that Section 3 of the Finance Act, 2019, substituted the provision of Section 10 of the Companies Income Tax Act (CITA) which explains that “every company shall have a Tax Identification Number (TIN) which shall be displayed by the company on all business transactions with other companies and individuals and on every document, statement, returns, audited accounts and correspondence with revenue authorities, including the Federal Inland Revenue Service, ministries and all government agencies.”
The notice also read, “Every person engaged in banking and other financial services in Nigeria shall require all companies to provide their TIN as precondition for opening an account or in case of an account already opened within three months of the passage of this act, the bank requires such TIN to be provided by all companies as precondition for continued operation of their bank accounts.”
In a separate notice, FIRS notified taxpayers that payment of tax is to be made on or before the due date of filing in one lump sum or installment. This according to the service, is pursuant to the amendments to Section 77 of the Companies Income Tax Act, (CITA) by Section 18 of the Finance Act.
The service further noted that it would grant approval to any taxpayer that wishes to pay in installments prior to the due date of filing and final installment must be paid on or before the due date of filing. FIRS added that any tax due and unpaid by the due date of filing shall attract interest and penalties as provided in the extant tax laws.
The United States has delivered military supplies to Nigerian security agencies in support of ongoing operations in the country.
The United States Africa Command, AFRICOM, announced the delivery in a post on X on Tuesday.
“US forces delivered critical military supplies to our Nigerian partners in Abuja. This delivery supports Nigeria’s ongoing operations and emphasizes our shared security partnership,” AFRICOM said on X.
Nigeria in recent times has faced an upsurge of insecurity, with hundreds being kidnapped.
US forces launched airstrikes on terrorist enclaves in North-West Nigeria on Christmas Day.
Chief (Mrs.) Lucia Onabowale Onabanjo, the widow of Ogun State’s first civilian governor, Chief Victor Olabisi Onabanjo, has passed away at the age of 100.
Her passing was announced by her daughter, Ms Olubukunola Onabanjo, on Tuesday.
According to Ms Onabanjo, the matriarch of the Onabanjo dynasty died at the age of 100.
She said in a statement: “The family of Chief Victor Olabisi Onabanjo, former Governor of Ogun State, announces with deep sorrow, yet with gratitude to Almighty God, the passing of our beloved mother, grandmother and great-grandmother.
“Chief (Mrs) Lucia Onabowale Onabanjo (1925–2026) was called to glory on Monday, January 11.
“We thank God for her long and fulfilled life, and for the enduring legacy of love, strength and faith she leaves behind.
“May her soul rest in perfect peace.”
News
Emulate Oyebanji’s Humility: Fayose Urges Fubara To Reconcile With Wike Following Impeachment Crisis
Amid the political rivalry with the Minister of the Federal Capital Territory, FCT, Nyesom Wike, a chieftain of the Peoples Democratic Party, PDP, Ayodele Fayose, on Tuesday, urged Governor Sim Fubara of Rivers State to emulate his counterpart from Ekiti State, Biodun Oyebanji.
Fayose said Fubara should be like Oyebanji who once begged him for support.
Speaking in an interview, Tuesday, on Arise Television, Fayose urged Fubara to be humble to Wike because the Minister gave him the platform.
He said: “May I say this to you and to Nigerians, you brought up, like the example I have given, you brought up your child, you trained her, and somebody says I want to marry this girl.
“The credit goes to you. If you have left that girl rotten, ordinary carpenters and people who have no capacity will be chasing her.
“He must have capacity at different levels of life. Life is about level by level. God has graduated this life like a pyramid, you have Asiwaju up there, the governors, the ministers, everybody is at a level.
“You can’t tell me, majority of times, you can’t tell me a man who is down the ladder wants to marry a queen somewhere. They will tell you, you don’t have the capacity.
“So let’s go back to the issues, everybody must have helped everybody in life. But God in himself, God says I hate ingratitude. I will only fight with what I have left.
“You can’t sack Wike from Rivers politics, you can’t sack me from Ekiti politics. I’m not supposed to say what I want to say to you now and I will say it to you.
“It’s about Ekiti politics. I was in this house three years ago. The current governor of Ekiti is of the APC extraction. I am of the PDP. He came to this house, he said, leader, I would want to visit with you. I said, you’re welcome, Your Excellency.
“He came here and sat on the chair and said, Your Excellency, I want to beg you, I want you to come to my support and my aid. I want you to stand by me in this government. I didn’t go to him. He’s the governor. He deserves all honour.”
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