Stretching the law on taxation of severance benefits via withholding tax on capital gains

Stretching the law on taxation of severance benefits via withholding tax on capital gains

by | Jan 4, 2019 | Deloitte Tax, Doing Business, Employment, Extratriate Tax, Federal Government, Nigeria, Nigeria Tax, Paying Taxes, Personal Income Tax, Tax Planning, Tax Risk Management, TaxingNigeria, TaxingNigeria, TaxWiseNG - Twitter Sessions

Lagos State Internal Revenue Service (LIRS) has issued a public notice to notify employers of the exercise of its powers to appoint them as its agent in connection with employees’ tax obligation on severance benefits. It specifically request employers to deduct and...
Taxing Nigeria’s Fledgling Economy: Between Tax Penetration and Economic Recovery

Taxing Nigeria’s Fledgling Economy: Between Tax Penetration and Economic Recovery

by | Oct 17, 2018 | Deloitte Tax, Doing Business, Federal Government, Nigeria Tax, Paying Taxes, Tax Planning, Tax Risk Management, TaxingNigeria, TaxingNigeria

Nigeria has rolled out another tax amnesty scheme. Backed by Presidential Executive Order No 8 signed on 8 October 2018, Voluntary Offshore Assets Regularization Scheme (VOARS) became the latest effort at combating money laundering and tax evasion. For the next twelve...
Government chases after VIPs & HNIs to regularise their tax status in Nigeria

Government chases after VIPs & HNIs to regularise their tax status in Nigeria

by | Feb 22, 2018 | Deloitte Tax, Doing Business, Federal Government, Nigeria, Nigeria Tax, Paying Taxes, Personal Income Tax, Tax Planning, Tax Risk Management, TaxWiseNG - Twitter Sessions

The tax landscape in Nigeria is changing fast and efforts at bringing taxable individuals into the tax net is gaining momentum. Those who have not been tax compliant in the past are being advised to take advantage of the 9-month tax amnesty scheme through Voluntary...