Expanding the frontiers of taxation
Yomi Olugbenro
West Africa Tax Leader at Deloitte
Corporate Tax
The latest business competitiveness ranking: How close is Nigeria to the Promised Land?
It is heartwarming to read the latest doing business report of the World Bank and Nigeria’s giant leap to 145th among 190 economies on the ease of...
Deloitte Tax
Nigeria Tax Roundup 2018
1. Here is a recap of my Top Twelve Tax Topics for 2018. I have selected the major developments that shaped Nigeria’s taxation landscape in 2018....
Federal Govt Tax
Nigeria Tax Roundup 2018
1. Here is a recap of my Top Twelve Tax Topics for 2018. I have selected the major developments that shaped Nigeria’s taxation landscape in 2018....
Personal Income Tax
FIRS Changes Gear With Compliance and Enforcement – #TaxWiseNG Episode 20
If you live, work or run a business in Nigeria, you should have sensed it that FIRS is changing gear with compliance and enforcement drive. “Boys...
SMEs
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Corporate, deloitte & FEDERal Tax
Nigeria considers new tax amnesty framework through Voluntary Asset and Income Declaration Scheme
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...
Accumulated withholding tax credits and rights of taxpayer to offset tax liabilities: #TaxWiseNG Episode 24
In a bid to shore of government revenue, the Federal Inland Revenue Service (FIRS) is doing everything possible to expand the tax net and collect due taxes. The current fiscal landscape calls for no less response. Needless to say that the country is going through...
My Top Ten Tax Takeaways from NEC Retreat – #TaxWiseNG Episode 23
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...
Should Nigeria’s VAT rate be increased? – TaxWiseNG Episode 22
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...
FIRS Changes Gear With Compliance and Enforcement – #TaxWiseNG Episode 20
If you live, work or run a business in Nigeria, you should have sensed it that FIRS is changing gear with compliance and enforcement drive. “Boys are not smiling” is an appropriate expression for the mood at the Revenue house. How can they smile, when the weight of...
Tough Times, Trying Tax – #TaxWiseNG Episode 19
Every economy that depend largely on commodity export is facing one form of challenge or the other. The degree of impact is what varies. Nigeria is groaning under the weight of falling price of crude due to lack of foresight. Attention has been devoted to the metric...
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Yomi Olugbenro tALK TAX
Personal & SME Income Tax
Government chases after VIPs & HNIs to regularise their tax status in Nigeria
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...
For young professionals and job seekers: Are you fit for purpose? Would you hire you?
I’ve been reflecting over my recent experiences while interacting with fresh graduates and how inadequately prepared they are for the corporate world. There’s crisis brewing as we unleash more into the labour market without the needed capacity and mentality. We seems...
The latest business competitiveness ranking: How close is Nigeria to the Promised Land?
It is heartwarming to read the latest doing business report of the World Bank and Nigeria’s giant leap to 145th among 190 economies on the ease of doing business. Nigeria gained 24 places on the latest ranking, an improvement on the prior year’s ranking of 169, and...
About Me
Yomi Olugbenro is a Partner and the West Africa Tax Leader at Deloitte, the world’s leading professional services firm with approximately 312,000 people in 150 countries and territories. He is a member of Deloitte West Africa Executive Committee.
Mr. Olugbenro holds a First Degree in Accounting and Masters in Business Administration. He is an alumnus of The University of Manchester (UK); Fellow of the Institute of Chartered Accountants of Nigeria (ICAN); Fellow of the Chartered Institute of Taxation of Nigeria (CITN); and Fellow of the Chartered Institute of Stockbrokers (CIS). He qualified as Chartered Accountant in 1997 and with over 20 years post-qualification experience, he has distinguished himself as a seasoned business advisor.
He is the Dean of the Board of Indirect Tax Faculty of the Chartered Institute of Taxation of Nigeria and a Member of the Board of Tax and Fiscal Policy Management Faculty of the Institute of Chartered Accountants of Nigeria. He is a highly sought-after speaker and thought leader on fiscal and economic policies issues and speak regularly at local and international conferences. He is featured regularly in print and electronic media on fiscal policy issues and have many articles to his credit.
His clientele include many fortune 500 companies and other globally-renowned and locally strategic brands. He consults regularly for multinational companies around the world about investment and fiscal terrain in West Africa and particularly Nigeria.
Before assuming the West Africa Tax Leader’s role at Deloitte, he was, at different times, the firm’s Tax Risk Leader with responsibility covering West and Central Africa, Dean of Deloitte School of Tax, Tax Partner in charge of Financial Services Industry and member of Deloitte ThinkTank. Prior to joining Deloitte, he had worked in different sectors of the economy including Banking, Manufacturing and Professional Services.
Mr Olugbenro enjoys travelling and mentoring of young minds. He is Patron to many Youth Associations in Schools and Colleges and President of Free Indeed Foundation. When at leisure, he devotes significant part of his time for mentoring, counselling and social services. He is an advocate of tax simplification, education and automation (SEA) and runs regular online tax awareness sessions on social media which he uses as a vehicle for knowledge sharing and policy advocacy. He is married and blessed with children.
Advocate of Tax Simplification, Education and Digitisation