15/04/2019 - Accountancy, Assurance, Audit and Tax Services

CAC, FACT CHECK: Did trade ministry allocate N42bn to a private company?

Leave a Comment / CAC- Corporate Affairs / By Aminu Tobi

Sabo Mohammed, chairman of senate committee on trade and investment, raised the alarm recently that N42 billion was allocated to a private firm, the Nigeria Special Economic Zone Company (NSEZCO), by the ministry of industry, trade and investment. BACKGROUND: The ministry had proposed N15.63 billion as its budget for 2019. At the defence, Okechukwu Enelamah, …

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Lottery, betting operators kick as FIRS automate VAT collection

Leave a Comment / Nigerian Tax / By Aminu Tobi

The Federal Inland Revenue Service on Monday announced plans to automate collection of Value Added Tax from operators in the nation’s lottery and gaming industry. The Chairman, FIRS, Mr Babatunde Fowler, disclosed this in Lagos at a stakeholders’ meeting organised in conjunction with the National Lottery Regulatory Commission with lottery and gaming operators. He said …

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ICAN urges FIRS to upgrade electronic tax filing system

Leave a Comment / Nigerian Tax / By Aminu Tobi

The Institute of Chartered Accountants of Nigeria has called on the Federal Government to address some of the gaps identified in the implementation of the ease of doing business reforms. Specifically, it called on the Federal Inland Revenue Service to address the challenges being experienced in its technology infrastructure to make it easier for taxpayers …

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The Deadline For Filing Annual Returns Of Income And Claims Is 31 March 2019

Leave a Comment / Nigerian Tax / By Aminu Tobi

Summary Section 41 of the Personal Income Tax (PIT) Act mandates all persons who are taxable under the PIT Act to file a return of income and claims for every tax year with the tax authority of the state in which the taxable person is deemed to be resident. This return is expected to be …

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Accounting: Wole Oluyemi is the Entrepreneur & Business Leader Providing Support for SMEs

Leave a Comment / Accounting / By Aminu Tobi

It’s a consensus among many people that for you to be a business coach, you at least should have experience running a business, so you understand the challenges of doing business and not just provide advice based on theories. He is a co-founder and a director at Roedl & Partner (West Africa), “a provider of …

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April 15, 2019