by Yomi Olugbenro | Aug 19, 2016 | Uncategorized
It is expected that ramping up tax collection would be one of the default options to make up the deficit in revenue arising from the crash in crude oil prices. Thus, in the same manner that the tax authorities would feel the heat, businesses would not be spared. More...
by Yomi Olugbenro | Dec 25, 2015 | Budget, Federal Government, Nigeria, TaxWiseNG - Twitter Sessions, Uncategorized
It’s tough times for Nigeria’s economy. Nigeria’s source of FOREX receipts is mainly oil. Unprecedented decline in oil revenue means Government must take hard decisions to manage foreign exchange (FOREX). Imagine the impact of price falling from over $100 to less...
by Yomi Olugbenro | Mar 13, 2014 | Uncategorized
The Federal Inland Revenue Service (FIRS) published an advertisement in many newspapers in Nigeria on 12 March 2014 that it will carry out a nationwide verification exercise of value added tax (VAT) and withholding tax (WHT) of companies. The one-month verification...
by Yomi Olugbenro | Mar 8, 2014 | Uncategorized
The Chairman of the Governing Council of the Nigerian Investment Promotion Commission (NIPC) in exercise of the powers conferred on the Commission by Section 30 of the NIPC Act just released pioneer status incentive regulations (attached for ease of reference). The...
by Yomi Olugbenro | Mar 8, 2014 | Uncategorized
In today’s business world, attraction and retention of talents have become the most singular important success factor. Serious organisations compete against each other as employer of choice by offering compensation packages that present them as having the best of...
by Yomi Olugbenro | Mar 8, 2014 | Uncategorized
Severance package refers to benefits which an employee receives at the end of an employment. They are typically offered to employees who are laid off (redundant) or retired. Sometimes, they may be offered to employees who resign, regardless of the circumstances....
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