January 8, 2020

El-Rufai means business

Radical, populist and idealistic, the Peoples Redemption Party(PRP) fired the politics of the second republic. Welfarists, goateed Marxists and trade unionists had found common ground in the party. Together, these disparate groups and personalities, like a Salvation Army, had converged on Aminu Kano’s political totem pole. Malam, as he was called, espoused ‘Democratic Humanism’ and […]

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Why Investing in Africa is Good for UK Firms

The UK’s Trade Commissioner to Africa explains why UK investments overseas benefit British businesses. By Her Majesty’s Trade Commissioner for Africa, Emma Wade-Smith OBE  Africa’s success matters to the UK. It’s home to 8 of the 15 fastest growing economies in the world. And yet African countries receive less than 4% of foreign direct investment. The type

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Major Tax Events That Shaped 2019 and What To Expect In 2020

Each time you blinked in 2019, something happened in the tax space, some positive, some not so positive while others were completely outrageous. Like the proverbial blind men trying to describe an elephant based on the different parts of the elephant’s body they touched, their individual story Is likely to be true but incomplete and

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Electricity tariff hike injurious to Nigerians — PDP

The Peoples Democratic Party has kicked against the over 200 per cent electricity tariff increase by the federal government describing it as “draconian and completely against the interest and well-being of Nigerians.” The PUNCH had reported that the Nigerian Electricity Regulatory Commission on Saturday directed the 11 electricity distribution companies in the country to increase their

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Indonesia: Tax round-up

Endy Arya Yoga and Fabian Abi Cakra of GNV Consulting Services summarise tax-related developments which rounded off 2019 in Indonesia. January 08 2020 New regulations on Bonded Warehouses seek to support business The Minister of Finance has issued Regulation Number 155/PMK.04/2019 (PMK-155) regarding Bonded Warehouses (BW). The regulation supports the national industry roadmap and increases

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Despite petition by minister, FIRS insists on collecting stamp duty

Despite the petition by the Minister of Communications and Digital Economy, Dr Isa Ibrahim Pantami, the Federal Inland Revenue Service… Despite the petition by the Minister of Communications and Digital Economy, Dr Isa Ibrahim Pantami, the Federal Inland Revenue Service (FIRS) insists it is backed by law to collect stamp duty. Dr. Pantami had petitioned

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Fight For Stamp Duty Collection Gets Messier Between Two Ministers

L-R: Managing Director, Galaxy Backbone Limited, Prof. Mohammed Abubakar; Executive Commissioner, Technical Services, Nigerian Communications Commission, Engr. Ubale Maska; Minister of Communications and Digital Economy, Dr. Isa Pantami; Director-General, National Information Technology Development Agency, Mr. Inuwa Abdullahi and Managing Director, Nigerian Communications Satellites Limited, and Dr. Abimbola Alale during the maiden Press parley by the

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