Yomi Olugbenro’s Blog
Presumptive Taxation – #TaxWiseNG Episode 4
Hello Tweeps, it’s another episode of our weekly tweetax session. It’s time for #TaxWiseNG. Today’s episode of is titled PRESUMPTIVE TAXATION. This topic has previously featured on Deloitte Nigeria‘s weekly newspaper tax publication - “Inside Tax”. InsideTax is published every Monday in Guardian...
Tax as a C-Suite conversation – #TaxWiseNG Episode 3
It’s 17:00 WAT Tweeps! It's another episode of #TaxWiseNG. Episode 3 of our weekly tweetax session. Our focus today is on the level of attention that businesses pay to tax affairs. Let’s title this episode “Tax as a C-Suite conversation”. C-Suite is a term used in referring to the most senior...
Taxation of Individuals – #TaxWiseNG Episode 2
Hello Tweeps, today is Episode 2 of our weekly tweet chat session on Nigeria tax issues. I call it “tweetax” session - #TaxWiseNG. It’s a weekly affair, 5pm Nigeria time, every Wednesday. The barrage of responses, questions and comments that followed the introductory session is both impressive...
Introducing #TaxWiseNG – Episode 1
The Introductory Episode of #TaxWiseNG starts now. How would you like to get some tips about Nigeria tax and become tax wise? I’m happy to introduce a new weekly Twitter chat - #TaxWiseNG. The sessions holds every Wednesday, 17:00 Nigeria Standard Time. Get ready to let it all out! Nigeria...
FIRS to conduct a nationwide verification of Value Added Tax (VAT) and Withholding Tax (WHT) in Nigeria
The Federal Inland Revenue Service (FIRS) published an advertisement in many newspapers in Nigeria on 12 March 2014 that it will carry out a nationwide verification exercise of value added tax (VAT) and withholding tax (WHT) of companies. The one-month verification exercise is scheduled to be held...
Nigeria Pioneer Status Incentive Regulations 2014
The Chairman of the Governing Council of the Nigerian Investment Promotion Commission (NIPC) in exercise of the powers conferred on the Commission by Section 30 of the NIPC Act just released pioneer status incentive regulations (attached for ease of reference). The Regulations are effective from...
TAXATION OF BENEFITS IN KIND (BIK) IN NIGERIA
In today’s business world, attraction and retention of talents have become the most singular important success factor. Serious organisations compete against each other as employer of choice by offering compensation packages that present them as having the best of benefits and perks for talents....
Taxation of Severance Package In Nigeria
Severance package refers to benefits which an employee receives at the end of an employment. They are typically offered to employees who are laid off (redundant) or retired. Sometimes, they may be offered to employees who resign, regardless of the circumstances. Severance package has become an...
Contract for service and PAYE obligations in Nigeria
The use of outsourcing companies for the provision of manpower needs of organisations has experienced steady rise in Nigeria. It is also becoming increasingly fashionable for companies to engage independent (individual) contractors to provide specialised services under what is commonly termed...
Meet the “incoming” Chairman of The Federal Inland Revenue Service – Ms M’fon Akpan
The President and Commander-in-Chief of the Armed Forces of Nigeria, Goodluck Jonathan nominated Ms M’fon Akpan as the new Executive Chairman of the Federal Inland Revenue Service (FIRS). Ms Akpan’s name was forwarded to the Senate for confirmation by President Jonathan on Wednesday, 20 November...
Know Your Tax Laws. It’s Your Right & Responsibility
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