Nigeria’s Federal High Court’s ruling on fixed base for non-resident company – #TaxWiseNG Episode 12

Today, we will be reviewing a recent decision by the Federal High Court in a case involving taxation of a non-resident company. Tax is a creation of statutes. Without an enabling law, tax cannot be imposed. But laws are creations of men. As it is with every other...

Tax Obligations of Not-For-Profit Organisations in Nigeria – #TaxWiseNG Episode 11

It’s another episode of our weekly “tweetax” session – TaxWiseNG. Today, we’ll be discussing Tax Obligations of Not-For-Profit Organisations in Nigeria. Some people call them non-profit organisations, non-business entities and other similar names. Let’s...

Interim dividends and provisional income tax: matters arising – #TaxWiseNG Episode 10

These are interesting times for Nigeria’s economy with mounting pressure for “dividends of democracy” amidst dwindling revenue. Nobody is ready to listen to excuses for non-performance and government needs to become more creative. If you ask any Nigerian why he’s...

Show Your Tax Clearance – #TaxWiseNG Episode 8

There are tax havens and there are jurisdictions where the taxman reign supreme. In any jurisdiction where taxes are levied, Tax Clearance Certificate (TCC) is a collector’s item. Nigeria is not one where the citizens enjoy the luxury of tax-free income. If you detest...