The amount remitted to the tax authorities as a business owner is “tax liability”. In this video, we teach you how to calculate VAT as a business owner in Nigeria. Don’t know what VAT is? Check out this video where we explain it. FOLLOW US
Overview Following the disruption to businesses occasioned by the recent EndSARS protest across Nigeria, the Federal Inland Revenue Service (FIRS) on Wednesday, 4 November 2020 issued a public notice (the Notice) granting additional palliatives to businesses in Nigeria. Additional Palliatives Granted by the Service
Do you know that as a final consumer you pay Value Added Tax (VAT)? In this video, we explain who a final consumer is, what VAT is and why it is charged. Learn the basics of VAT in Nigeria. FOLLOW US on Social Media Linkedin
Overview On Thursday, 10 September 2020, the Tax Appeal Tribunal (TAT), Lagos Division delivered a judgment in a matter between Ess-ay Holdings Limited (the Appellant) and the Federal Inland Revenue Service (FIRS or the Respondent). The matter bordered on the applicability of Value Added Tax
The 21 Irrefutable Laws of Leadership by John C. Maxwell enlightens readers on what it takes to become remarkable leaders. It analyses the experiences of some leaders in order to highlight many of the traits, skills and qualities that have helped them succeed or made
Stamp Duty is a tax chargeable either at fixed rates (flat amounts) or ad valorem (as a percentage of the value of a transaction), depending on the class of instrument as provided in the Stamp Duties Act (SDA). These instruments include notarial acts, agreements, conveyance
Prior to the enactment of Companies and Allied Matters Act (CAMA) 2020, the old legislation made provisions only for general partnerships. This type of partnership permits individuals to enter into partnership agreements which can be registered under part B of CAMA as a business name.
Over the past decade, there has been a strong global move towards digitalisation. Most sectors are gravitating towards improving and transforming their business operations. Business functions and processes are leveraging technology solutions to expand the use and context of digitized data. In most economies, tax
