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Tax Revenue Generation Challenge In A Dwindling Economy – The Need For Constructive Compromise Within The Transfer Pricing Landscape In Nigeria
Posted by Iheonu Nkechi Gloria 2 hours agoTax DiscussionThe recent increased focus on tax revenue as a complement to oil revenue is becoming evident from successive budgets of the Nigerian government. The Federal Government of Nigeria (FGN) has strived to ...
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PAYE Tax of Nigeria - Guide to taxation of employees.
Posted by Iheonu Nkechi Gloria 4 days agoTax DiscussionPersonal Income Tax is the charge on the income of individuals trustees and executors. In Nigeria the two key legislation are the Personal Income Tax Amendment Act 2011 (PITAM) and Finance ...
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Taxing Digital Transactions: What Are The Immediate And Future Imperatives?
Posted by Iheonu Nkechi Gloria 1 week agoTax Discussion21st Century businesses in traditional industries have transformed over time moving from regular &ldquo brick and mortar&rdquo models to operating in the digital space focusing on providing online ...
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FIRS issues Public Notice on deployment of automated tax administration solutions April 2021
Posted by Iheonu Nkechi Gloria 2 weeks agoTax DiscussionThe Finance Act (FA) 2020 introduced an amendment to the Federal Inland Revenue Service Establishment Act (FIRSEA) empowering the FIRS to deploy proprietary technology to automate the tax administrat ...
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TAT issues VAT ruling on casino revenue and others
Posted by Iheonu Nkechi Gloria 3 weeks agoTax DiscussionTourist Company of Nigeria Plc (TCN) engages in the gaming and hospitality business including the operation of a casino in Nigeria. The FIRS assessed TCN to N88m in unpaid VAT (inclusive of penalties ...
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Tax Audit and Investigation : What a Taxpayer Should Expect
Posted by Iheonu Nkechi Gloria 3 weeks agoTax DiscussionIntroduction The recent revenue drive arising from fall in oil prices and the need to diversify Nigeria s revenue away from oil to non-oil sources such as taxation has led to increase in the freque ...
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Tax Identification Number (TIN)
Posted by Iheonu Nkechi Gloria 4 weeks agoTax DiscussionFor you to pay tax in Nigeria you have to register with FIRS then you will be given a Tax Identification Number(TIN) What is a Tax Identification Number(TIN):It s a unique number given to you by t ...
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Requirements you need to register with FIRS for tax purposes.
Posted by Iheonu Nkechi Gloria 1 month agoTax Discussion• Name of the company.• The registered office of the company.• Type of business the company will engage in.• Name and address of the directors of the company.• Name and address of the ban ...
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ALL THE TAXES YOUR BUSINESS MUST PAY (VALUE ADDED TAX)
Posted by Iheonu Nkechi Gloria 1 month agoTax DiscussionValue Added Tax (VAT) is a consumption tax placed on a product whenever a value is added at each stage of the supply chain from the production stage to the point of sale. The retailer pays the VAT. T ...
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ALL THE TAXES YOUR BUSINESS MUST PAY
Posted by Iheonu Nkechi Gloria 1 month agoTax DiscussionWe are embarking on a series called All the taxes your business must pay . here we will be talking about all the taxes that are payable for Nigerians and we would really like you to join the conver ...
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