Tax Matters

Introduction The Anambra State Government has taken a significant step forward in improving the transportation sector by introducing a new tracking system for tricycles (Keke). Official launch of the initial roll out of implementation of the tracking system took place at UHBET Center, Awka, today, August 20, 2024. This innovative initiative is designed to address key concerns that have long …

A devastating accident occurred at Eke Awgbu in Anambra State, claiming lives and leaving others injured. A trailer truck loaded with cement lost control and swerved into oncoming traffic, causing the devastating collision. To set the record straight, eyewitnesses and police reports confirm that the accident was caused by brake failure, causing the driver to lose control on a steep …

A New Chapter for ICAN Awka District Society  In a landmark event for the Institute of Chartered Accountants of Nigeria (ICAN) Awka District Society, Mr. Francis Toochukwu Ezenwa of the Anambra State Internal Revenue Service has been elected as Chairman. The investiture ceremony, held in Awka, the bustling capital city of Anambra State, Nigeria marks the beginning of a new …

Introduction At the “Anambra Tax Matters” a 30 minutes audience participatory radio program at Anambra Broadcasting Service (ABS) radio, 88.5FM, Dr. Greg Ezeilo, FCA, ACTI, the Chairman and Chief Executive of the Anambra State Internal Revenue Service, was the guest speaker where he highlighted key Government measures against unauthorized tax collectors.  The discussion centered on the pressing issue of illegal …

Anambra State is home to Onitsha Main Market, the largest market in West Africa. In the past, the old Anambra State heavily relied on this market for the revenue that sustained the state. Additionally, there are numerous smaller markets spread across the 21 Local Government Areas, all contributing to the state’s Internally Generated Revenue (IGR). The registration and renewal of …

Introduction On April 22nd, stakeholders gathered at Revenue House for a crucial meeting convened by the Anambra State Internal Revenue Service. The focus of the meeting was the implementation of Anambra Property Land Use Charge (APLUC), a significant avenue for revenue generation in the state. Understanding APLUC APLUC represents a fresh revenue window for Anambra State, shifting the responsibility of …

Understanding Under the Finance Act 2021 (as amended), all income earners, whether employers or individuals, are obligated to disclose their taxable income or losses to the income-tax Department within the first quarter of the year. Non-compliance carries significant penalties, making adherence crucial. The Importance of Annual Tax Filing Filing your Annual Tax Returns goes beyond bureaucratic necessity; it’s a fundamental …