Posted on Tue 18 Sep 2018, 06:45 PM

In continuation of its aggressive tax drive, the Oyo state government on Tuesday shut down the business premises of Obasanjo Farms, located in Oluyole Industrial Estate, Ibadan, MRS oil in the Oyo state capital city.

The farm is one of the sixteen other business organizations that were shut for defaulting in the payment of the environmental development levy due to the state government.

The companies are said to have defaulted in the payment for the year 2017 and or 2018.

Posted on Fri 15 Jun 2018, 06:30 PM

Real Madrid and Portuguese superstar, Cristiano Ronaldo has reportedly accepted a two-year suspended jail sentence and fined €18.8m after to end his tax evasion case.

Spanish newspaper El Mundo reported on Friday that Ronaldo, who is currently with the Portuguese national team at the World Cup in Russia, agreed to pay the large fine regarding four tax offences, as well as a two-year jail sentence.

Posted on Fri 24 Nov 2017, 05:53 AM

The National Economic Council has been informed of the list of 500 tax dodgers made up of some prominent citizens with investments abroad.

Minister of Finance, Kemi Adeosun, explained that such Nigerians can take advantage of the Voluntary Assets & Income Declaration Scheme (VAIDS) to settle past taxation defaults.

“Letters would soon be going out to these Nigerians, including a number of prominent ones, asking them to take advantage of the tax amnesty in order to avoid prosecution and fines by simply paying up their tax defaults,” she said.

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