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Free Tax Course For Business Owners
Posted by Kemisola 1 day agoTax DiscussionAre you aware of the taxes payable to the Federal Government State Governments and Local Governments? Are you aware that there are different types of taxes depending on your business activities lik ...
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Things to know about the Finance Act 2020
Posted by Bunmi Mercy 1 week agoTax DiscussionHere are a few things to note about The Finance Act of 2020: 1. If you are a low income earner on N30K per month or less you are now exempted from personal income tax based on the new finance Act. S ...
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Watch Episode 2 On The Techy Accountant Show
Posted by Kemisola 1 month agoTax DiscussionOn Episode 2 of The Techy Accountant Show with Toyin Olufon finance professionals discuss the topic: Should Organisation Such As Netflix Facebook Twitter Pay Taxes In Nigeria What s your stand? ...
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Tax Appeal Tribunal Rules on Tax Assessments beyond the Six-Year Limitation Period
Posted by Toyin O. 1 month agoTax DiscussionTax Appeal Tribunal Rules on Tax Assessments beyond the Six-Year Limitation Period Citibank v. Rivers State Board of Internal Revenue (TAT SOUTH SOUTH ZONE) Summary On 8th October 2020 the ...
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FINANCE BILL 2020
Posted by Toyin O. 1 month agoTax DiscussionA snippet of the Finance Bill 2020. The tax incentives are great especially with the present economic situation. I fear the tax relief to be given to companies that donate ...
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Frequently Asked Questions on Stamp Duty
Posted by Ebunlomo 2 months agoTax DiscussionWhat is this stamp duty that everybody is talking about? A. Stamp duty is a tax on instruments (mostly written documents). It is based on the Stamp Duties Act CAP S8 LFN 2004 as amended. But in subs ...
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Pioneer status in Nigeria
Posted by Bunmi Mercy 3 months agoTax DiscussionA pioneer status is an incentive by the government which grants tax holiday to qualifying industries and product. This means that the qualified industry or product is relieved from paying corporate in ...
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Is Laycon's winning subject to tax?
Posted by Bunmi Mercy 3 months agoTax DiscussionIn the last few days there has been a debate as to whether Layon&rsquo s winning should be subject to tax. A lot of individuals said No because they consider the money won as a gift but here is what ...
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Loss relief
Posted by Bunmi Mercy 3 months agoTax DiscussionLoss relief according to the Nigerian Tax Law (S. 31(2)(a) of the CITA CAP. C21. LFN 2004 (As amended)) is an amount of loss that is allowed by the revenue service having satisfied that such loss was ...
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Tax Avoidance Vs Tax Evasion
Posted by Ebunlomo 3 months agoTax DiscussionThe difference between tax avoidance and tax evasion is the thickness of a prison wall. - Denis Healey Tax Avoidance Tax avoidance is the legal usage of the tax structure in a country to one s own ...
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