Expanding the frontiers of taxation
Yomi Olugbenro
West Africa Tax Leader at Deloitte
Corporate Tax
Nigeria Tax Roundup 2018
1. Here is a recap of my Top Twelve Tax Topics for 2018. I have selected the major developments that shaped Nigeria’s taxation landscape in 2018....
Deloitte Tax
Stretching the law on taxation of severance benefits via withholding tax on capital gains
Lagos State Internal Revenue Service (LIRS) has issued a public notice to notify employers of the exercise of its powers to appoint them as its...
Federal Govt Tax
Stretching the law on taxation of severance benefits via withholding tax on capital gains
Lagos State Internal Revenue Service (LIRS) has issued a public notice to notify employers of the exercise of its powers to appoint them as its...
Personal Income Tax
Accumulated withholding tax credits and rights of taxpayer to offset tax liabilities: #TaxWiseNG Episode 24
In a bid to shore of government revenue, the Federal Inland Revenue Service (FIRS) is doing everything possible to expand the tax net and collect...
SMEs
Developing a holistic tax policy for smaller businesses
Micro, small and medium-sized enterprises (MSMEs) are the driving force for economic activity and innovation. They contribute to growth...
Corporate, deloitte & FEDERal Tax
Stretching the law on taxation of severance benefits via withholding tax on capital gains
Lagos State Internal Revenue Service (LIRS) has issued a public notice to notify employers of the exercise of its powers to appoint them as its agent in connection with employees’ tax obligation on severance benefits. It specifically request employers to deduct and...
Nigeria Tax Roundup 2018
1. Here is a recap of my Top Twelve Tax Topics for 2018. I have selected the major developments that shaped Nigeria’s taxation landscape in 2018. Follow the thread. #TaxRecap2018 2. Tax Appeal Tribunals were reconstituted in July 2018, with one each in the 6...
Taxing Nigeria’s Fledgling Economy: Between Tax Penetration and Economic Recovery
Nigeria has rolled out another tax amnesty scheme. Backed by Presidential Executive Order No 8 signed on 8 October 2018, Voluntary Offshore Assets Regularization Scheme (VOARS) became the latest effort at combating money laundering and tax evasion. For the next twelve...
Government chases after VIPs & HNIs to regularise their tax status in Nigeria
The tax landscape in Nigeria is changing fast and efforts at bringing taxable individuals into the tax net is gaining momentum. Those who have not been tax compliant in the past are being advised to take advantage of the 9-month tax amnesty scheme through Voluntary...
The latest business competitiveness ranking: How close is Nigeria to the Promised Land?
It is heartwarming to read the latest doing business report of the World Bank and Nigeria’s giant leap to 145th among 190 economies on the ease of doing business. Nigeria gained 24 places on the latest ranking, an improvement on the prior year’s ranking of 169, and...
Developing a holistic tax policy for smaller businesses
Micro, small and medium-sized enterprises (MSMEs) are the driving force for economic activity and innovation. They contribute to growth through job creation, investments, exports and taxation. In Nigeria, the economy is largely dominated by MSMEs, with an...
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Yomi Olugbenro tALK TAX
Personal & SME Income Tax
Stretching the law on taxation of severance benefits via withholding tax on capital gains
Lagos State Internal Revenue Service (LIRS) has issued a public notice to notify employers of the exercise of its powers to appoint them as its agent in connection with employees’ tax obligation on severance benefits. It specifically request employers to deduct and...
Nigeria Tax Roundup 2018
1. Here is a recap of my Top Twelve Tax Topics for 2018. I have selected the major developments that shaped Nigeria’s taxation landscape in 2018. Follow the thread. #TaxRecap2018 2. Tax Appeal Tribunals were reconstituted in July 2018, with one each in the 6...
Taxing Nigeria’s Fledgling Economy: Between Tax Penetration and Economic Recovery
Nigeria has rolled out another tax amnesty scheme. Backed by Presidential Executive Order No 8 signed on 8 October 2018, Voluntary Offshore Assets Regularization Scheme (VOARS) became the latest effort at combating money laundering and tax evasion. For the next twelve...
About Me
Yomi Olugbenro is a Partner and the West Africa Tax Leader at Deloitte, the world’s leading professional services firm with approximately 312,000 people in 150 countries and territories. He is a member of Deloitte West Africa Executive Committee.
Mr. Olugbenro holds a First Degree in Accounting and Masters in Business Administration. He is an alumnus of The University of Manchester (UK); Fellow of the Institute of Chartered Accountants of Nigeria (ICAN); Fellow of the Chartered Institute of Taxation of Nigeria (CITN); and Fellow of the Chartered Institute of Stockbrokers (CIS). He qualified as Chartered Accountant in 1997 and with over 20 years post-qualification experience, he has distinguished himself as a seasoned business advisor.
He is the Dean of the Board of Indirect Tax Faculty of the Chartered Institute of Taxation of Nigeria and a Member of the Board of Tax and Fiscal Policy Management Faculty of the Institute of Chartered Accountants of Nigeria. He is a highly sought-after speaker and thought leader on fiscal and economic policies issues and speak regularly at local and international conferences. He is featured regularly in print and electronic media on fiscal policy issues and have many articles to his credit.
His clientele include many fortune 500 companies and other globally-renowned and locally strategic brands. He consults regularly for multinational companies around the world about investment and fiscal terrain in West Africa and particularly Nigeria.
Before assuming the West Africa Tax Leader’s role at Deloitte, he was, at different times, the firm’s Tax Risk Leader with responsibility covering West and Central Africa, Dean of Deloitte School of Tax, Tax Partner in charge of Financial Services Industry and member of Deloitte ThinkTank. Prior to joining Deloitte, he had worked in different sectors of the economy including Banking, Manufacturing and Professional Services.
Mr Olugbenro enjoys travelling and mentoring of young minds. He is Patron to many Youth Associations in Schools and Colleges and President of Free Indeed Foundation. When at leisure, he devotes significant part of his time for mentoring, counselling and social services. He is an advocate of tax simplification, education and automation (SEA) and runs regular online tax awareness sessions on social media which he uses as a vehicle for knowledge sharing and policy advocacy. He is married and blessed with children.
Advocate of Tax Simplification, Education and Digitisation