13/03/2019 - Accountancy, Assurance, Audit and Tax Services

Nigeria: FIRS Issues Guidelines On Mutual Agreement Procedure

Introduction The Federal Inland Revenue Service (FIRS) has issued Guidelines on Mutual Agreement Procedure (MAP) in Nigeria and Certificate of Residency Forms for taxpayers seeking to take advantage of the MAP. Mutual Agreement Procedure: MAP is a dispute resolution mechanism designed to resolve international tax disputes arising from inconsistent interpretations of double tax agreement (DTA) …

Nigeria: FIRS Issues Guidelines On Mutual Agreement Procedure Read More »

Nigerias corporate affairs commission reduces cost business registration.

1 Comment / Accounting, CAC- Corporate Affairs / By Aminu Tobi

The cost for the registration of business names in Nigeria has been reduced from N10,000 to N5,000. This was announced by the Corporate Affairs Commission on Wednesday, March 6 – According to CAC, the reduced cost of business name registration will end on Sunday, March 31. The Corporate Affairs Commission (CAC) has announced a reduction …

Nigerias corporate affairs commission reduces cost business registration. Read More »

Seplat Petroleum‘s Profit After Tax Falls to N45 Billion

GTBank Posts N434bn Earnings, Profit after Tax of N185bn

1 Comment / Nigerian Tax / By Aminu Tobi

Guaranty Trust Bank (GTBank) Plc has announced improved performance for the year ended December 31, 2018 and recommended a final dividend payment of 245 kobo per share. The bank recorded gross earnings for the year grew by 3.7 per cent to N434.7billion, from N419.2billion reported in 2017. Its net interest income fell from N246.663 billion …

GTBank Posts N434bn Earnings, Profit after Tax of N185bn Read More »

Telcos Cry Out over Multiple Taxes, Seek Tariff Review

1 Comment / Tax / By Aminu Tobi

Telecommunication companies (Telcos) have expressed concerns over recent move by various states ministry of environment to impose environmental impact assessment (EIA) levy on their operations across the country. They described the development as another form of multiple taxation that would impede the growth of the sector. To this end, the operators under the aegis of …

Telcos Cry Out over Multiple Taxes, Seek Tariff Review Read More »

March 13, 2019