What Does 2016 Hold for Taxpayers? – #TaxWiseNG Episode 15

by | Dec 31, 2015 | Budget, 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

As 2015 draw to a close and 2016 eases in, it is appropriate to take a peep into the future and see what the year portends. A discerning mind can tell that great challenges lies ahead. Well, difficulties are blessings in disguise, the optimist will say. What Does 2016...

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

by | Dec 2, 2015 | Corporate Tax, Deloitte Tax, Nigeria Tax, Tax Planning, Tax Risk Management, TaxWiseNG - Twitter Sessions

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...

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

by | Nov 18, 2015 | Corporate Tax, Deloitte Tax, Nigeria Tax, Tax Planning, Tax Risk Management, TaxWiseNG - Twitter Sessions

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

by | Nov 4, 2015 | Corporate Tax, Deloitte Tax, Extratriate Tax, Nigeria Tax, Personal Income Tax, Tax Planning, Tax Risk Management, TaxingNigeria, TaxWiseNG - Twitter Sessions, Value Added Tax

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...

Celebrity Tax Drive – #TaxWiseNG Episode 7

by | Oct 28, 2015 | Deloitte Tax, Extratriate Tax, Nigeria Tax, Personal Income Tax, Tax Planning, Tax Risk Management, TaxingNigeria, TaxWiseNG - Twitter Sessions

In this age of social media, it is common place to see celebrities show off how far they’ve come and how successful they are. The degree of opulence on Instagram may not all be real, some are “make-believe”, but no doubt, some earn decent income. Even if you’re too...