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March 5, 2019

Wider tax net, not rate increase’ll raise government revenue –Olawale, NECA DG

Leave a Comment / Nigerian Tax /

The Federal Government’s intention to generate almost double of the amount realised last year in tax revenue may set it on collision path with the Organised Private Sector (OPS). The concern for a possible friction stems from the nation’s current economic situation, poor infrastructure, and difficulties in accessing funds among others, which members of the […]

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Nigeria: Has The New Lease Rule Come To Change The Tax Space?

1 Comment / Tax /

On 13 January, 2016, the International Accounting Standard Board (IASB) announced the issuance of a new accounting standard: International Financial Reporting Standard (IFRS) 16, on leases, which took effect on 1 January 2019. The new standard has changed the basis of accounting for leases which was in force for more than thirty years. While IFRS

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Tax: These three companies are on course to deliver lower profits for FY2018, here’s why

1 Comment / Nigerian Tax /

The year 2018 was not the best of years for the stock market but the economy grew at its fastest pace since the recession in 2016 after real gross domestic product in 2018 expanded at 1.9 percent. Companies like Zenith Bank and Dangote who have released their 2018 results have seen strong profit growth in

Tax: These three companies are on course to deliver lower profits for FY2018, here’s why Read More »

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