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 | 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 | 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...
by Yomi Olugbenro | Dec 23, 2015 | Corporate Tax, Deloitte Tax, Tax Risk Management, TaxWiseNG - Twitter Sessions, Value Added Tax
Welcome to another episode of #TaxWiseNG. Today, we’ll focus attention on VAT and petroleum products. A note of caution please, I’m only talking about VAT on petroleum products, not where to buy fuel. For those who looking for where to buy fuel, I haven’t got PMS...
by Yomi Olugbenro | 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...
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