Finance Minister Enoch Godongwana has defended the government’s decision to raise the Value Added Tax (VAT) rate by 0.5%, arguing that delaying or suspending the increase would have “severe and far-reaching” consequences for South Africa’s economy. In an affidavit submitted to the Western Cape Division of the High Court, Godongwana responded to legal challenges from […]

Introduction In a strong statement of intent to strengthen investor confidence in Nigeria’s financial ecosystem, the Institute of Chartered Accountants of Nigeria (ICAN) and NGX Regulation Limited (NGX RegCo) have reaffirmed the pivotal role of transparency and accountability in attracting both local and foreign investment. The message was clear: without open and responsible corporate reporting,

Introduction: The Oyo State Government has recently introduced a new tax law that will require traders and artisans to pay taxes. This new regulation aims to generate revenue for the state, while also ensuring that all sectors contribute to the development and growth of the region. The implementation of this law is expected to have

The Federal Inland Revenue Service (FIRS) has announced a projected revenue target of N25.2 trillion for 2025, reflecting a significant increase from the N21.6 trillion collected in 2024. This ambitious target highlights the Service’s ongoing efforts to strengthen government revenue through improved tax administration and strategic reforms. FIRS Executive Chairman, Dr. Zacch Adedeji, made this

President Bola Tinubu’s effort to drive economic reform through a proposed increase in the Value-Added Tax (VAT) has suffered a major blow following rejection by the House of Representatives. The development not only exposes long-standing geopolitical tensions but also poses a threat to Nigeria’s fiscal outlook in 2025. The rejected plan sought to raise VAT

Florence Akpan stands as a distinguished authority in the field of Canadian immigration consulting—an accomplished professional whose journey is marked by strategic vision, relentless dedication, and a profound commitment to client success. As the Founder and Lead Consultant of InfoPlace Canada Immigration Services Inc., she has transformed a bold vision into a globally recognized firm,

The Nigeria Inter-Bank Settlement System Plc (NIBSS), a key financial infrastructure provider regulated by the Central Bank of Nigeria (CBN), has filed a lawsuit at the Federal High Court in Lagos seeking to recover ₦4,190,101,636 lost through unauthorized withdrawals following a system glitch. In the suit, NIBSS named 45 financial institutions as defendants and is

The Federal High Court in Abuja has admitted documents submitted by the Federal Inland Revenue Service (FIRS), reportedly detailing the volume of Binance’s financial transactions in Nigeria and confirming an ongoing tax probe into the cryptocurrency platform. Presiding over the matter, Justice Emeka Nwite accepted the documents into evidence on Friday, following an application by

The Inkatha Freedom Party (IFP) has stated that, while the VAT increase is a short-term measure, the government must urgently explore alternative revenue sources to ease the burden on South African consumers. This follows a high-level meeting in Johannesburg on Thursday between the IFP and the African National Congress (ANC), aimed at addressing the ongoing

KPMG LLP has announced the expansion of its strategic AI partnership with Google Cloud, aimed at delivering modular, scalable AI solutions that will transform business operations across industries such as legal services, banking, and more. As a key deployment partner for Google Agentspace, KPMG will assist clients in building integrated, scalable AI platforms that enhance