by Yomi Olugbenro | Mar 17, 2017 | Corporate Tax, Deloitte Tax, Extratriate Tax, Federal Government, Nigeria, Nigeria Tax, Personal Income Tax, Tax Planning, Tax Risk Management, TaxingNigeria, TaxWiseNG - Twitter Sessions, Value Added Tax
In a bid to grow Nigeria’s tax revenue and raise non-oil tax to GDP ratio from current level of 6% to 15% by 2020, Voluntary Asset and Income Declaration Scheme (VAIDS) is to be implemented. The National Executive Council (NEC) has granted approval-in-principle for...
by Yomi Olugbenro | Aug 18, 2016 | Budget, Corporate Tax, Deloitte Tax, Federal Government, Nigeria, Nigeria Tax, Tax Planning, Tax Risk Management, TaxWiseNG - Twitter Sessions
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 due taxes. The current fiscal landscape calls for no less response. Needless to say that the country is going through...
by Yomi Olugbenro | Feb 4, 2016 | Budget, Corporate Tax, Deloitte Tax, Federal Government, Nigeria, Nigeria Tax, Tax Planning, Tax Risk Management, TaxWiseNG - Twitter Sessions
If you live, work or run a business in Nigeria, you should have sensed it that FIRS is changing gear with compliance and enforcement drive. “Boys are not smiling” is an appropriate expression for the mood at the Revenue house. How can they smile, when the weight of...
by Yomi Olugbenro | Jan 29, 2016 | Budget, Corporate Tax, Deloitte Tax, Federal Government, Nigeria, Nigeria Tax, Tax Risk Management, TaxingNigeria, TaxWiseNG - Twitter Sessions
Every economy that depend largely on commodity export is facing one form of challenge or the other. The degree of impact is what varies. Nigeria is groaning under the weight of falling price of crude due to lack of foresight. Attention has been devoted to the metric...
by Yomi Olugbenro | Jan 21, 2016 | Deloitte Tax, Federal Government, Nigeria, Nigeria Tax, Tax Risk Management, TaxWiseNG - Twitter Sessions
Nigeria has a long list of legislations that impose tax and levies on individuals and companies. The three tiers of government have statutory powers to collect and administer specific taxes and levies allocated to them. Whilst the Federal Government has exclusive...
by Yomi Olugbenro | Jan 13, 2016 | Corporate Tax, Deloitte Tax, Extratriate Tax, Federal Government, Nigeria, Nigeria Tax, Personal Income Tax, Tax Planning, TaxingNigeria, TaxWiseNG - Twitter Sessions
There are many tools at the disposal of government for the management of the economy. Monetary policy and fiscal policy are the two most widely recognized. These two policies have various mechanics available to government to drive the economy in a given direction....
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