Expanding the frontiers of taxation
Yomi Olugbenro
West Africa Tax Leader at Deloitte
Corporate 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...
Deloitte 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...
Federal Govt Tax
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...
Personal Income Tax
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...
SMEs
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Corporate, deloitte & FEDERal Tax
VAT on Petroleum Products – #TaxWiseNG Episode 13
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...
Nigeria’s Federal High Court’s ruling on fixed base for non-resident company – #TaxWiseNG Episode 12
Today, we will be reviewing a recent decision by the Federal High Court in a case involving taxation of a non-resident company. Tax is a creation of statutes. Without an enabling law, tax cannot be imposed. But laws are creations of men. As it is with every other...
Tax Obligations of Not-For-Profit Organisations in Nigeria – #TaxWiseNG Episode 11
It’s another episode of our weekly “tweetax” session - TaxWiseNG. Today, we'll be discussing Tax Obligations of Not-For-Profit Organisations in Nigeria. Some people call them non-profit organisations, non-business entities and other similar names. Let’s refer to them...
Interim dividends and provisional income tax: matters arising – #TaxWiseNG Episode 10
These are interesting times for Nigeria’s economy with mounting pressure for “dividends of democracy” amidst dwindling revenue. Nobody is ready to listen to excuses for non-performance and government needs to become more creative. If you ask any Nigerian why he’s...
Tax Consolidation – #TaxWiseNG Episode 9
Today is episode 9 of our weekly “tweetax” session - #TaxWiseNG. How time flies! What are we discussing today? We will be focusing on one of the tax regimes that I will like to see introduced into the Nigeria tax system – Tax Consolidation. Let me give a brief...
Show Your Tax Clearance – #TaxWiseNG Episode 8
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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Yomi Olugbenro tALK TAX
Personal & SME Income Tax
The New Naira-Dollar Exchange Rate Policy
The Central Bank of Nigeria (CBN) has released the much-awaited guidelines for the operations of a Flexible Exchange Rate system in Nigeria. The CBN Governor, Mr. Godwin Emefiele, made the announcement on 15 June 2016 where he highlighted the key features of the new...
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...
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