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 | Jun 16, 2016 | Foreign Exchange, FX, Nigeria, TaxWiseNG - Twitter Sessions
The Central Bank of Nigeria (CBN) has released the much-awaited guidelines for the operations of a Flexible Exchange Rate system in Nigeria. The CBN Governor, Mr. Godwin Emefiele, made the announcement on 15 June 2016 where he highlighted the key features of the new...
by Yomi Olugbenro | May 5, 2016 | Corporate Tax, Federal Government, Nigeria, Nigeria Tax, Tax Planning, Tax Risk Management, TaxingNigeria, TaxWiseNG - Twitter Sessions, Value Added Tax
The National Economic Council (NEC) had a two-day retreat recently with far-reaching decisions. Vice President Osinbajo as Chair of NEC, 36 Governors, some Ministers and heads of relevant government agencies were present. The Retreat was declared opened by President...
by Yomi Olugbenro | Apr 7, 2016 | Federal Government, Nigeria, Nigeria Tax, TaxWiseNG - Twitter Sessions, Value Added Tax
There’s been a raging debate on possible increase in Nigeria’s VAT rate which is currently at 5%. While the pressure has been heightened by the sharp decline in oil revenue, the arguments dates back many years. The rate was increased to 10% in 2007 but was hurriedly...
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...
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