Expanding the frontiers of taxation
Yomi Olugbenro
West Africa Tax Leader at Deloitte
Corporate Tax
Developing a holistic tax policy for smaller businesses
Micro, small and medium-sized enterprises (MSMEs) are the driving force for economic activity and innovation. They contribute to growth...
Deloitte Tax
Taxing Nigeria’s Fledgling Economy: Between Tax Penetration and Economic Recovery
Nigeria has rolled out another tax amnesty scheme. Backed by Presidential Executive Order No 8 signed on 8 October 2018, Voluntary Offshore Assets...
Federal Govt 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...
Personal Income Tax
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...
SMEs
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Corporate, deloitte & FEDERal Tax
Matters Arising from CBN Circular on N50 Stamp on Transactions – #TaxWiseNG Episode 18
Nigeria has a long list of legislations that impose tax and levies on individuals and companies. The three tiers of government have statutory powers to collect and administer specific taxes and levies allocated to them. Whilst the Federal Government has exclusive...
Dealing with multiplicity of taxes – #TaxWiseNG Episode 17
There are many tools at the disposal of government for the management of the economy. Monetary policy and fiscal policy are the two most widely recognized. These two policies have various mechanics available to government to drive the economy in a given direction....
Employer’s Annual Return: 25 Days to Deadline – #TaxWiseNG Episode 16
A warm welcome to you. Happy New Year. It’s the first episode of our weekly tweetax session in 2016 - #TaxWiseNG. We are already 6 days into the year. If FG’s target of N1.45 trillion tax revenue is accrued daily, N23.8 billion should be in the kitty by now. It’s 25...
What Does 2016 Hold for Taxpayers? – #TaxWiseNG Episode 15
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...
A recap of Nigeria’s foreign exchange control measures in 2015
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...
Review of 2016 Budget of the Federal Government of Nigeria – #TaxWiseNG Episode 14
President Buhari presented the 2016 budget before a joint session of the National Assembly on 22 December 2015. It is the first time in recent years that the budget is presented in person by the President. The budget can be appropriately dubbed a non-oil budget as...
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Yomi Olugbenro tALK TAX
Personal & SME Income Tax
Developing a holistic tax policy for smaller businesses
Micro, small and medium-sized enterprises (MSMEs) are the driving force for economic activity and innovation. They contribute to growth through job creation, investments, exports and taxation. In Nigeria, the economy is largely dominated by MSMEs, with an...
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...
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