FIRS excel sheet for VAT return is counterproductive

Ireland News News

FIRS excel sheet for VAT return is counterproductive
Ireland Latest News,Ireland Headlines
  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Let me start with three proverbs, if you are not wanted in a city, do not raise a song. If you do, nobody will join you to sing it. Tax is not something people enjoy to pay especially when they cannot see corresponding benefits; Hence, making it difficult is like someone not wanted in a city raising songs.

The second proverb is that a man they want to roast who rubs palm oil on his body and then stands beside fire is making the work of those who want to roast him easy. When people are looking for ways to avoid tax, do not compound the problem by making payment difficult for them.

Any student of taxation knows that one major principle of tax administration is that it must be easy to pay. This is hinged on the canon of convenience among others by the Scottish economist, Adam Smith.

Let me return to the main subject, March 2023 Value Added Tax filing which was meant to be filed on or before April 21 suddenly requires that you upload an excel sheet showing the following: name of your customers/ client; Tax Identification Numbers; amount of sale; and code representing nature of transaction which is either of the following: O for vatable, 1 for zero rated, 2 for exempted,

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MobilePunch /  🏆 8. in NG

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NCC backs Isa Pantami on exemption of telecom sector from 5% tax | TheCableNCC backs Isa Pantami on exemption of telecom sector from 5% tax | TheCableThe Nigerian Communications Commission says it will support Isa Pantami, the minister of communications and digital economy, on the exemption of the telecommunications sector from the 5 percent excise duty imposed by the federal government.
Read more »

He Tried To Kill Me, My Family Members – Nigerian Artist, Seun Kuti Explains Why He Slapped Policeman In Viral Video | Sahara ReportersHe Tried To Kill Me, My Family Members – Nigerian Artist, Seun Kuti Explains Why He Slapped Policeman In Viral Video | Sahara ReportersPopular afrobeat artist, Seun Kuti has revealed why he slapped a Nigerian police officer in a recent viral video. The afrobeat musician had been captured in a viral video, allegedly assaulting a police operative on duty. Reacting via his Instastory on Saturday, Kuti said the officer attempted to kill him and his family members. He said the policeman had apologised and he had forgiven him. He warned those saying he was chasing clout to mind their business and not let the police officer lose his job.
Read more »

‘I must be president of Nigeria,’ Peter Obi insists‘I must be president of Nigeria,’ Peter Obi insists“Anyone who thinks I am on a transit is wasting his time. Let me tell you, I must be the president of this country. I am sure of that. If it is not today, it must be tomorrow,” Mr Obi said.
Read more »

Understanding Non-Fungible Tokens (NFTs): A Comprehensive Guide for Newbies | The Guardian Nigeria News - Nigeria and World NewsUnderstanding Non-Fungible Tokens (NFTs): A Comprehensive Guide for Newbies | The Guardian Nigeria News - Nigeria and World NewsNon-Fungible Tokens, or NFTs, swiftly remind me of the stolen Benin Bronze by British soldiers who pillaged the Benin Kingdom. Let me give you a gist if you are unfamiliar with the history. In 1897, 1500 British forces invaded the Benin kingdom. The monarchical palace was burned and pillaged, and the oba was exiled to […]
Read more »



Render Time: 2025-08-27 15:18:16