HMRC’s attempts to claw back taxes from people who used tax-planning schemes that they thought were legal have caused “widespread anxiety and distrust”, MPs have warned. MPs have previously claimed that the “loan charge” introduced to recover taxes on income that had effectively been disguised as loans has driven several people to take their own […]
HMRC tax crackdown that ‘drove people to suicide’ criticised by MPs Read More »
The Association of Issuing Houses of Nigeria (AIHN) has called on the federal government to extend the exemption of Value Added Tax (VAT) on capital market transactions which expired recently. This is even as the association announced that its 2019 annual general meeting (AGM) and second edition of its annual dinner and award night will
AIHN Urges FG to Renew VAT Exemption Grant on Capital Market Read More »
Over the last 12 to 18 months, Sub-Saharan Africa (SSA) has emerged one of the fastest growing financial technology (Fintech) hubs in the world in terms of investments, albeit from a low base. Investment in African fintechs nearly quadrupled in 2018 to $357 million, with startups in Kenya, Nigeria and South Africa accounting for the
Account: Investments in Fintechs in Nigeria, SSA hit $357 million Read More »
The Ministry of Finance has confirmed that it is continuing to implement Value Added Tax in compliance with the GCC Unified Agreement, which requires its implementation by all GCC members. The ministry said in a statement, “The government is working on completing the legislative procedures to issue the VAT law, pointing out that the General
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