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...

Celebrity Tax Drive – #TaxWiseNG Episode 7

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...