• Advertise
  • Contact us
Saturday, January 28, 2023
Inside Reports
Advertisement
ADVERTISEMENT
  • Home
  • News
  • Politics
  • Entertainment
  • Sports
  • Business
  • Health
  • Data Report
  • Investigation & Features
  • BBN Update
No Result
View All Result
  • Home
  • News
  • Politics
  • Entertainment
  • Sports
  • Business
  • Health
  • Data Report
  • Investigation & Features
  • BBN Update
No Result
View All Result
Inside Reports
No Result
View All Result
Home News

Ex-minister’s foundation gets tax deductible certificate, raises N200m

August 22, 2022
in News
0
Ex-minister’s foundation gets tax deductible certificate, raises N200m
Share on FacebookShare on TwitterShare on LinkedInShare on Raddit

DashMe Foundation, an organisation founded by Nigeria’s former Minister of Finance, Kemi Adeosun, has announced that the Federal Inland Revenue Service has certified its donations as Tax Deductible.

According to a statement from the Foundation, the certificate was issued to the Foundation last week Thursday in Abuja.

The DashMe Foundation says corporate organisations that donate to it will now enjoy donation relief in line with Section 25(c) of the Companies Income Tax Act.

This provision allows the deduction of their donations from their taxable profits as a means to encourage corporate bodies in Nigeria to channel their Corporate Social Responsibilities donations to vetted non-governmental bodies, associations and institutions.

Speaking on the development, Adeosun, who recalled that the Foundation was recently granted a similar certificate in the United States, said the approval would strengthen the charity’s drive to obtain the same tax-exempt status in the UK.

She said, “I am delighted that the FIRS has recognised DashMe Foundation as being worthy of this rare status. We believe that more corporate bodies will be incentivised to donate to us now that they know that their donations will be fully tax deductible.

“The certificate will significantly enhance our capacity to raise more funds from the corporate sector and also enhance our ability to initiate more life-changing projects for Nigeria’s most vulnerable children, women and other disempowered groups.”

The interim Chief Executive Officer of the organisation, Tomisin Akinwunmi, who expressed excitement at the funding possibilities that the charity’s new status offer, disclosed that the Foundation had raised over N200 million in the past year, through its thrift shops, corporate donation drives and snacks business.

Akinwunmi added that the Foundation had also undertaken projects in Borno, Cross River, Imo, Kano, Lagos, Nasarawa, Niger, Ogun and Osun states.

She added that the Foundation planned to extend its operations to all parts of the country by year-end 2023.

The Foundation’s projects include orphanage building projects in Imo and Ogun states, sponsorship of orphans in universities, provision of prosthetic limbs and start-up capital for amputees, and regular food donations to several orphanages and Internally Displaced Persons’ camps.

In an earlier PUNCH report, it was stated that the Foundation was granted a non-profit with tax-exempt status by the United States government.



Source link

FREE SUBSCRIPTION

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!

ShareTweetShareShare
Previous Post

Anambra Seals Off 25 Banks, Hotels Over Unpaid Taxes, Levies

Next Post

Tyson Fury v Oleksandr Usyk unification fight ‘will be made’ – Frank Warren

Editor

Editor

RelatedNews

Naira redesign: Again, CBN insists on Jan 31 deadline
Politics

Naira redesign: Again, CBN insists on Jan 31 deadline

January 28, 2023
Gombe records 89,880 uncollected PVCs
Politics

Gombe records 89,880 uncollected PVCs

January 28, 2023
Tyre Nichols arrest video released by Memphis officials
Foreign

Tyre Nichols arrest video released by Memphis officials

January 28, 2023
ABU VC laments manpower shortage
Politics

ABU VC laments manpower shortage

January 28, 2023
Nigeria better as united country, says Uzodimma
Politics

Imo govt to boost economy with tourism

January 28, 2023
Video of deadly police beating of Tyre Nichols released
Foreign

Video of deadly police beating of Tyre Nichols released

January 28, 2023
Next Post
Tyson Fury v Oleksandr Usyk unification fight ‘will be made’ – Frank Warren

Tyson Fury v Oleksandr Usyk unification fight 'will be made' - Frank Warren

Excessive use of whitening toothpaste could make teeth turn yellow –Physician

Excessive use of whitening toothpaste could make teeth turn yellow –Physician

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Video: Controversial Cross Dresser, James Brown's Sex Tape Leaks

Video: Controversial Cross Dresser, James Brown’s Sex Tape Leaks

October 10, 2022
VIEWER DISCRETION: More Videos of Fed Uni Lafia Lecturer Striping and Beating Student Over Sugar Daddy

VIEWER DISCRETION: More Videos of Fed Uni Lafia Lecturer Striping and Beating Student Over Sugar Daddy

October 22, 2022
Wife of celebrity designer Seyi Vodi attacks alleged side chic, strips her naked (Video)

Wife of celebrity designer Seyi Vodi attacks alleged side chic, strips her naked (Video)

October 1, 2022
Update: Why Police Released Six Davido's Workers, Detained Two Arrested Over Ifeanyi's Death

Update: Why Police Released Six, Detained Two Davido’s Workers Arrested Over Ifeanyi’s Death

November 2, 2022
Video: Controversial Cross Dresser, James Brown's Sex Tape Leaks

Video: Controversial Cross Dresser, James Brown’s Sex Tape Leaks

1
Video: Lady weeps bitterly over alleged demise of Davido’s son, Ifeanyi

Video: Lady weeps bitterly over alleged demise of Davido’s son, Ifeanyi

1
Wizkid announces joint tour with Davido

Wizkid announces joint tour with Davido

1

NGX committed to building structures towards SMEs funding

0
Naira redesign: Again, CBN insists on Jan 31 deadline

Naira redesign: Again, CBN insists on Jan 31 deadline

January 28, 2023
Gombe records 89,880 uncollected PVCs

Gombe records 89,880 uncollected PVCs

January 28, 2023
Forgive my shortcomings – Cubana Chief Priest swears loyalty to wife

Forgive my shortcomings – Cubana Chief Priest swears loyalty to wife

January 28, 2023
Tyre Nichols arrest video released by Memphis officials

Tyre Nichols arrest video released by Memphis officials

January 28, 2023

Recent News

Naira redesign: Again, CBN insists on Jan 31 deadline

Naira redesign: Again, CBN insists on Jan 31 deadline

January 28, 2023
Gombe records 89,880 uncollected PVCs

Gombe records 89,880 uncollected PVCs

January 28, 2023
Forgive my shortcomings – Cubana Chief Priest swears loyalty to wife

Forgive my shortcomings – Cubana Chief Priest swears loyalty to wife

January 28, 2023
Tyre Nichols arrest video released by Memphis officials

Tyre Nichols arrest video released by Memphis officials

January 28, 2023
Inside Reports

Inside Reports is a Nigerian media outlet aiming to advance democracy through disseminating credible news. In the era of fake news and infodemic, Inside Reports is the online media outlet to go to in search of credible, verifiable and factual news.

Follow Us

Browse by Category

  • AFRICAN NEWS
  • Basketball
  • BBN Update
  • Business
  • Campus gist
  • Celebrity gossip
  • Climate & Environment
  • Crime
  • Crypto
  • Data Report
  • Education
  • English premier league
  • Entertainment
  • Featured
  • Football
  • Foreign
  • Gadget
  • Golf
  • Health
  • Investigation & Features
  • Jobs
  • Laliga
  • Mobile
  • Movies
  • Music
  • News
  • Opinion
  • Politics
  • Sports
  • Sure betting odds
  • Technology
  • Tennis
  • TRENDING VIDEO
  • Uncategorized
  • Video

Recent News

Naira redesign: Again, CBN insists on Jan 31 deadline

Naira redesign: Again, CBN insists on Jan 31 deadline

January 28, 2023
Gombe records 89,880 uncollected PVCs

Gombe records 89,880 uncollected PVCs

January 28, 2023
  • About us
  • Contact us
  • Privacy policy

© 2022 Inside Reports - All Rights Reserved .

No Result
View All Result
  • News
  • Politics
  • Business
  • Sports
    • Football
      • English premier league
      • Laliga
    • Basketball
    • Golf
    • Tennis
  • Politics
  • Education
  • Campus gist
  • Crime
  • Entertainment
    • BBN Update
    • Celebrity gossip
  • Music
  • Video
  • Health
  • Technology
    • Gadget
      • Mobile
  • Investigation & Features
  • Climate & Environment
  • Data Report
  • Jobs
  • Sure betting odds

© 2022 Inside Reports - All Rights Reserved .

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist