Archives Tag: Tax
The Indispensable Need for A Tax Consultant
April 19, 2022
In the intricate web of ever-evolving tax laws, regulations, and deductions, individuals and businesses find themselves grappling with the daunting task of filing accurate and optimized tax returns. This is where the expertise of a tax consultant becomes invaluable. Read more about Finance One of the primary reasons to enlist the services of a … Continue reading The Indispensable Need for A Tax Consultant
By guestpost
Lagos State EFS: A Digital Tax Revolution for Hospitality
April 19, 2022
In a bold stride towards modernization, the Lagos State Internal Revenue Service (LIRS) is poised to redefine the tax landscape for hotels and restaurants through the revolutionary Eco Fiscal System (EFS). More than just a technological leap, this initiative is designed with the taxpayers in mind, offering benefits that extend far beyond compliance. As … Continue reading Lagos State EFS: A Digital Tax Revolution for Hospitality
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Saving Costs and Stress: The Need for A Tax Consultant
April 19, 2022
In the dynamic and intricate landscape of Nigeria’s tax regulations, the challenge of navigating through complexity and uncertainty is a common plight for both individuals and businesses. This exploration aims to shed light on the pivotal role of knowledgeable tax experts in Nigeria, showcasing how they can significantly simplify finances and alleviate stress for … Continue reading Saving Costs and Stress: The Need for A Tax Consultant
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Understanding Taxpayer Challenges with LIRS
April 19, 2022
As the economic heartbeat of Nigeria, Lagos State plays a pivotal role in driving the nation’s financial growth. The Lagos State Internal Revenue Service (LIRS) is tasked with the responsibility of collecting taxes to fund essential services and infrastructure development. However, amid the pursuit of revenue generation, taxpayers often encounter challenges that impact their … Continue reading Understanding Taxpayer Challenges with LIRS
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Navigating The Maze: Tax Audit And Investigation In Nigeria
April 19, 2022
In the realm of financial compliance and accountability, tax audits and investigations serve as critical tools for governments to ensure that taxpayers adhere to tax laws and regulations. In Nigeria, these processes play an integral role in maintaining fiscal discipline and safeguarding government revenue. In this comprehensive guide, we will delve into the intricacies … Continue reading Navigating The Maze: Tax Audit And Investigation In Nigeria
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How to Effectively Manage Black Tax as an Income Earner in Nigeria
April 19, 2022
Black Tax refers to the financial support that professionals and income earners, in general, are expected to give to their extended families and sometimes even their communities. This can be a significant financial burden, especially for young workers and entrepreneurs who are just starting to establish themselves. Here’s a guide on how to deal … Continue reading How to Effectively Manage Black Tax as an Income Earner in Nigeria
Abia State Introduces Digital Tax System for Traders and Transporters
April 19, 2022
The government of Abia State has introduced a new digital tax system for transporters and traders within its domain, with the aim of eradicating tax fraud and raising its Internally Generated Revenue. The state governor, Dr Alex Otti, disclosed this on Tuesday. Read more about Business According to Dr. Otti, the digitalized tax collection … Continue reading Abia State Introduces Digital Tax System for Traders and Transporters
How To Cope With Tax-Time Stress
April 19, 2022
According to Benjamin Franklin, “the only certainties in life are death and taxes,” yet we may better manage how to deal with Tax-Time stress. Unfortunately, we are unable to avoid the stress of tax season. Because paying taxes is required and vital, you must understand how to deal with tax season so that it does … Continue reading How To Cope With Tax-Time Stress
The Importance Of Tax Incentives To Small Businesses
April 19, 2022
Over the years, tax incentives have been a major policy tool to spur economic development as it can influence economic growth and bring up good opportunities if strategically targeted to the right businesses. Read more about Business Tax incentives are exclusions, exemptions or deductions from taxes owed to the government and it is offered by … Continue reading The Importance Of Tax Incentives To Small Businesses
Understanding Tax Operations In Nigeria
April 19, 2022
As a Nigerian citizen, you are more likely to start interfacing with the term “taxes” the moment you become aware of earning and spending money. The basic knowledge most people have about tax is that it is money that leaves you to the Government. However, a vast majority of Nigerians are unaware of what … Continue reading Understanding Tax Operations In Nigeria
6 Reasons Why Bookkeeping Is Important For Your Business
April 19, 2022
Bookkeeping can be defined as the activity or occupation of keeping records of the financial affairs of a business. Bookkeeping is the best way to keep your business organised as it helps you easily budget for your business and keep a record of tax returns. Read more about Business Here are six reasons why … Continue reading 6 Reasons Why Bookkeeping Is Important For Your Business
Principles And Administration Of Tax
April 19, 2022
When we speak of tax, we usually think of money paid to the government by reason of our obligation as citizens. All Citizens are expected to pay their taxes to their government, sometimes irrespective of whether or not they live and work in their country, and some people, especially companies, are expected to pay … Continue reading Principles And Administration Of Tax
Sectors that Pay the Highest Company Income Taxes in Nigeria
April 19, 2022
The Company Income Tax (CIT) is a tax on the profits made by incorporated organizations in Nigeria. It’s paid by both local businesses and foreign entities doing business in the country. Read more about Finance This tax is a major source of revenue for the government, as it’s generated from numerous commercial entities located across … Continue reading Sectors that Pay the Highest Company Income Taxes in Nigeria
Analysis: The Unfair VAT Benefit by Sharia States
April 19, 2022
There has been a lot of restrained sentiment in the past about Sharia states in Northern Nigeria benefiting from the portions of Value Added Tax (VAT) which they did not contribute towards. It is public knowledge now that Sharia states which include Zamfara, Kano, Sokoto, Katsina, Bauchi, Borno, Jigawa, Kebbi, Yobe, Kaduna, Niger, Gombe, have … Continue reading Analysis: The Unfair VAT Benefit by Sharia States
By adedoyin
President Buhari Defers 35% Import Adjustment Tax On Electric Meters
April 19, 2022
Nigerian President, Muhammadu Buhari, has approved a one-year deferment plan for the 35% import adjustment tax which has been imposed on the fully built unit (FBU) electric meters HSCode 9028.30.00.00 provided for in the 2019 fiscal policy measures. This new development was revealed in a statement issued by (Mr Abdullahi Tanko) the special adviser … Continue reading President Buhari Defers 35% Import Adjustment Tax On Electric Meters
By ugo-chinedu
