FIRS Public Notice on deduction at source of WHT and VAT on compensation paid to agents, dealers, distributors and retailers by principal companies

  By Financescape The Federal Inland Revenue Service (FIRS) issued a Public Notice today, 14 August 2019, directing taxpayers, particularly companies in the Fast Moving Consumer Goods sector, to deduct and remit withholding tax and value-added tax on the “compensation” due to their distributors, dealers, and agents.   The FIRS defines “compensation” to include commission, […]

SEC Commence Verification of Claims of Unpaid Investors of Dantata Success and Profitable Company

By Financescape   Securities and Exchange Commission has announced the commencement of verification of claims of unpaid investors of Dantatahe Success and profitable company. SEC announced that Sequel to the appointment of joint Administrators/Trustees for Dantata Success and Profitable Company by the Securities and Exchange Commission (SEC) pursuant to section 13 and 173 of the […]