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CSOs Must Register For Tax, Obtain TIN Says FIRS

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CSOs Must Register For Tax, Obtain TIN Says FIRS-Crystal News

Temitayo Orebajo, Director, Tax Policy and Advisory Department, Federal Inland Revenue Service (FIRS) says all Civil Society Organisations (CSOs) are expected to register for tax purposes and obtain Taxpayer Identification Number (TIN).

Orebajo said this in Abuja on Thursday at a webinar on CSOs’ tax responsibilities and compliance.

He said the webinar was aimed to promote CSO’s understanding and knowledge of their tax responsibilities.

The webinar was organized by FIRS and the European Union Agents for Citizen-Driven Transformation (EU-ACT), a Non-Governmental Organisation.

The webinar is to provide an opportunity for CSOs to engage the FIRS on parts of tax regulations that concern them, and the challenges and bottlenecks they face in their bid to stay compliant.

Orebajo said that the CSOs were statutorily required to maintain accurate records of employees, proper books of accounts for tax purposes.

He said that failure to comply would attract appropriate penalties under the extant tax laws.

Orebajo said that VAT on goods purchased by NGOs for use in humanitarian donor-funded projects was at zero rates under the value-added tax.

“The NGO itself is not exempted from VAT where the organization procures contracts or purchases goods that are not directly used in humanitarian donor-funded projects.

“Likewise, any service procured or consumed by NGO is liable to VAT, except where such service is exempted under the VATN Act,” he said.

Orebajo said that NGOs were required under the Pay As You Earn (PAYE) obligation to deduct tax at source from salaries and another emolument of the employees, directors, officers among others.

According to him, the obligations under the Companies Income Tax Act (CITA) in section 25 of CITA provide tax relief to any company making donations to an organization listed under the fifth schedule to CITA.

He said that such donation must be made out of its profits for the year of assessment and total donation shall not exceed 10 per cent of the total profits of the company for the said year of assessment.

“Donation is not of capital nature, except where the donations are made to universities or other tertiary or research institutions and should not exceed 15 per cent of total profits or 25 per cent of tax payable.

“NGOs requiring to be listed under the fifth schedule to CITA may apply to the Minister of Finance through FIRS,’’ Orebajo said.

He advised the organizations to see the importance of returns to the government because most of them take payment to the government for granted.

Mrs. Nneka Esomeju, of the Joint Tax Board, said that the rule of minimum wage was exempted from tax but added that corps members are to pay tax when other things are added.

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Hamzat To Speak On Harmonious Working Relationships Between Arms Of Government As Path To Successes In Lagos 

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Hamzat Obafemi 

His Excellency, the Deputy Governor of Lagos State, Dr. Kadri Obafemi Hamzat will be the Guest Speaker at the 4th educational and social interactive programme, Timeline Awareness Initiative Lecture/Award on Wednesday 23rd of March 2022.

The programme which promises to be an eye-opener, revealing the level of cooperation in Lagos State Government since the inception of former Lagos State Government and All Progressive Congress APC National Leader, Asiwaju Bola Ahmed Tinubu in 1999 till date.

According to the Organizers, led by Yusuf Adeoye, Publisher of TimelineNG, an Online Newspaper, Dr. Hamzat who has held several positions in the State including Commissioner For Science & Technology before his present elective position as Deputy Governor will be speaking on the Topic: ” Imperatives of Harmonious Working Relationship Between Arms of Government, A Key Ingredient in The Success of Lagos State Government. With Focus on 2023 General Election’

The Event which hold at the Lagos Sheraton hotel, Ikeja, will witness the Speaker of Lagos State House of Assembly, Rt. Hon. Mudashiru Ajayi Obasa as Keynote Speaker. He will be sharing his vast experience as legislator working to aid and ease the work of the executive in Lagos State, which has led to the tremendous infrastructural development and cordial working atmosphere in the State over the years.

The event which will witness awards for few distinguished prominent Nigerians will be Chaired by former Governor of Abia State and Chief Whip of the Senate, Dr. Orji Uzor Kalu while the Minister of Information & Culture, Alhaji Lai Muhammed is the Chief Host of the day. Also expected at the occasion is Convener of Arise Women, Dr. Siju Iluyomade, Chairman House Committee on Defence, Hon Babajimi Benson from the House of Representatives among others.

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How Primate Ayodele Foretold All That Is Happening Between Ukraine And Russia Since 2021

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Primate Ayodele
There is tension around the world presently following the crisis between Ukraine and Russia that has degenerated into a war-like situation.
The world woke up to the news of Russia bombing some Ukraine major airports, buildings following the crisis between both countries despite the fact that there have been appeals from some world leaders to Russia’s president, Vladimir Putin.
Of course, when the crisis began to be more pronounced earlier this year, many never thought it would be this serious but a popular Nigerian prophet, Primate Elijah Ayodele had foreseen and foretold the escalation during the release of his 2022 prophecies on Wednesday, 22nd Of December, 2021.
The prophecies which were packaged in a 90-paged booklet contained what will befall nations, individuals in 2022.
On page 12 of the prophecy booklet, Primate Ayodele categorically stated that the crisis between Russia and Ukraine will escalate if the two countries are not careful enough.
These were his words ‘’RUSSIA AND UKRAINE: The spirit of God said to me that the two nations must be careful as regards the crisis between them otherwise it will escalate and cause great problems. I foresee that world leaders will intervene for the crisis to be resolved’’.
As he prophesied, we came into the new year and saw how things escalated between these two countries. The other part of his prophecy that talked about world leaders intervening was also fulfilled.
On the bombings that took place overnight, Primate Ayodele had in a prophetic statement released two days ago made it known that he foresees destruction that will affect countries if world leaders don’t immediately intervene and put an end to Russia and Ukraine crisis.
He said this when some African leaders visited him at his prayer mountain located around the Nigerian-Benin-Lome border.
These were his words, ‘’International communities should handle the crisis between Ukraine and Russia now, otherwise, it will escalate beyond necessary. I advise Joe Biden and Putin to cease-fire, this crisis will escalate to something more disastrous, it will cause destruction, though it will not lead to third world war, I see the destruction that will affect other countries.’’ (https://dailypost.ng/2022/02/22/ukraine-vs-russia-i-see-destruction-coming-primate-ayodele-warns-joe-biden-vladimir-putin/)
Just 48 hours after his prophecy, Russia made a huge strike on Ukraine, causing death, destruction on some of Ukriane’s notable establishments.
In his statement, Primate Ayodele said other countries will also be affected. Some news outlets have reported that the president of Russia, Vladimir Putin has issued a threat to any nation that tries to interfere in the crisis, stating that the response of Russia will be immediate.
Of a truth, these developments have fulfilled Primate Ayodele’s prophecies on Ukraine and Russia.

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Sam Udekwe Emerges New Enugu NUJ Chairman

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NUJ

Sam Udekwe of Enugu State Broadcasting Service (ESBS), on Tuesday, emerged chairman of the Nigeria Union of Journalists (NUJ), Enugu State chapter, for the next three years.

Chairman of the electoral committee, Lawrence Njoku, said Udekwe emerged winner of the election with 157 votes.

Njoku said that Udekwe garnered 157 votes out of 247 votes cast as against his opponent, Mrs Amaka Nzekwe, who garnered 90 votes at the election conducted at the NUJ Secretariat, Independence layout.

Other positions were unopposed as Emma Acha from NAN emerged Secretary of the Union.

Speaking after the election, Udekwe promised to take the council to a greater height and to carry everybody along in his administration.

He thanked his opponent for her understanding that election is not a do or die affair, which he said created a room for free, fair and credible election.

Udekwe also thanked the outgone chairman, Rex Arum, for creating an enabling enviroment for the election which, he said, had ushered in a new era.

“Arum created the enabling environment for the new transition of power and I promise not to disappoint him and the union at large.

“I cannot end this my speech without appreciating the NUJ president, Mr Christ Isiguzo, for his unbiased nature to the election.

“Isiguzo is a man of peace and he still holds on to the peace he created in NUJ Enugu state since the beginning of his administration,” Udekwe said.

Arum, in his remarks, said that the election was free, fair and credible.

“I am happy that someone has come to replace me and I feel elated that two of them worked under my administration.

“Today, the better side won. NUJ decided and they voted for the person they felt will do better.

“My advice to the new exco is that they should work hard because the prayer of every father is for his son to do better than him.

“Enugu NUJ remains one family and I believe that the winner of today’s election will carry everybody along,” Arum said.

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