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Outsourcing in the Digital Age: Harnessing Automation and AI for Nigerian Companies

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Introduction As the business landscape in Nigeria continues to evolve, embracing technological advancements has become imperative for staying competitive and efficient. Outsourcing, a practice that has been transforming industries for decades, is undergoing a digital makeover with the integration of automation and artificial intelligence (AI). This article explores how Nigerian companies can leverage outsourcing in …

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Finance Bill coming, says National Tax Policy Committee

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The Technical Committee of the National Tax Policy Implementation Committee will present a Finance Bill and Policy Note to Nigeria’s Minister of Finance and Budget Planning as the committee ends its work soon. At the second sitting of the committee in Abuja, the Deputy Chairman of the technical committee, Dr. Bode Oyetunde said that the …

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NESG Engages Stakeholders For Better Tax Initiative

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Private sector Think-Tank, Nigeria Economic Summit Group (NESG) is set to unveil the findings of its nationwide survey on tax perception and drive government-citizen engagement for sustainable fiscal reforms through the launch of its “Better Tax” initiative. Better Tax, scheduled for launch in Lagos on May 15, is a service of the NESG’s Fiscal Policy …

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Legal questions on banks’ appointment as FIRS collecting agents

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The Federal Inland Revenue Service has intensified its drive to recover outstanding tax liabilities from taxpayers in default of tax obligations. To this end, FIRS has been writing to taxpayers’ bankers, appointing the banks as collecting agents, to collect outstanding tax liabilities from the taxpayers’ bank account balances. This is referred to as tax substitution. …

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‘Why Nigeria must reduce tax uncertainties, retain high returns’

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For Nigeria to attract more foreign investments, government must minimise tax uncertainties, by ensuring that it plans tax reforms such that the content and timing is clearly communicated to tax payers, while maintaining the high investment returns. This would enable the country to be continually identified by business leaders as an investment destination and the …

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Accountancy Services – Inner Konsult LTD

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Accountancy Services – Inner Konsult LTD Inner Konsult Ltd offers the full range of services you would expect from an accountancy practice including limited company services. If you’re considering starting your own limited company we can advise and assist you with a free consultation to establish your exact requirements. Accountancy Services – We can then …

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FIRS Will Contribute Over N4t To 2018 Budget – Fowler

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The Chairman of the Federal Inland Revenue Service, Tunde Fowler, has said that of the N9.3 trillion 2018 federal budget, FIRS intakes will account for N4 trillion. Fowler also said the service is on course to achieve its target of N5 trillion from taxes in the 2018 fiscal year. Disclosing this in an interview on …

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VAIDS: Avoid Last Minute Rush—FIRS Boss Begs Nigerians

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  Executive Chairman of Federal Inland Revenue Service (FIRS), Mr Babatunde Fowler, has urged Nigerians to quickly regularise their tax payment before the tax amnesty period closes on Saturday, June 30, 2018. On July 1, 2017, the federal government opened a grace period for citizens to voluntarily regularise their tax payment without punishment. It called …

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Micro, Small and Medium Enterprises Development Fund (MSMEDF)

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Brief Introduction of the MSMEDF The CBN launched the MSME Development Fund on August 15, 2013 with a share capital of N220 billion. The Fund was established in recognition of the significant contributions of the Micro, Small and Medium Enterprises (MSME) sub-sector to the economy and the existing huge financing gap. Ten (10) percent of …

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