The Director, Entrepreneurship and Skills Development Centre at the University of Lagos, Prof Sunday Adebisi, has urged the Federal Government to give start-ups a five-year tax holiday to enable them to survive. He gave this advice on Thursday while presenting a paper titled, ‘Entrepreneurship Mindset, a Solution to the Unemployment Rate in Nigeria’, during the […]

Online companies like Facebook, Google and Netflix  have managed to have an edge over how business is done and Africa has been getting the short end of the stick. Is it now time to create an even playing field that gives traditional businesses a chance? In November last year, South Africa broadened its value added

Introduction The European Union has added further impetus to its objective of providing greater transparency with regard to harmful tax practices through an amendment to EU Directive 2011/16/EU. The amendment builds on the Common Reporting Standard, which allows for the automatic exchange of information on financial accounts held by non-tax residents at an international level

Much has been written about the need for African countries to collect more tax revenue from citizens and businesses. The IMF has been imploring sub-Saharan countries, particularly over the last decade, to focus on expanding and diversifying their tax bases. Some countries have taken heed of the advice. Yet most haven’t moved beyond lip service.

Namibia has joined a consortium of over 130 countries seeking to tackle tax avoidance, improve the unity of international tax rules, and ensure a more transparent international tax environment. This was revealed by the Organisation for Economic Cooperation and Development (OECD) last Friday in an announcement made on its website. Namibia’s joining follows the European

Nigeria has continued to engage the attention of the world as a paradox of lack in the midst of plenty. As a country blessed with abundant human and natural resources, Nigeria has puzzlingly remained stuck in a perilous dalliance with poverty, coming across as a society where very few are outrageously well-heeled, while the clear

The Tax Appeal Tribunal (“TAT” or “the Tribunal”) sitting in Enugu State on 20 June 2019 delivered a judgment in favour of Nigerian Breweries Plc (“Nigerian Breweries” or “Appellant”) in a case with Abia State Board of Internal Revenue Service (“ASBIRS” or “Respondent”). The key issue considered in the case, amongst others, was determining whether

The Edo State Governor, Mr. Godwin Obaseki, has said that the state government will partner with the Chartered Institute of Taxation of Nigeria (CITN) to drive advocacy campaigns so as to widen the tax net in the state. Obaseki said this during a courtesy call by members of the Benin District Society of the CITN,

The Akwa Ibom State Internal Revenue Service on Friday sealed off all the zonal offices of Ecobank and Union Bank in the state for allegedly evading state taxes. Our correspondent learnt that the agency’s action followed an exparte order it obtained from the Akwa Ibom State High Court, Uyo Division directing that the premises be