The TaxaideR Newsletter Vol 1.5 (May 2019)

FIRST THOUGHTS

In a flash, it’s 20 years already! I don’t think we could call our democracy nascent anymore. In fact, we honestly shouldn’t. I think this one has come to stay and what better way to prove this by surviving for 20 years. I recall that fateful day on May 29th, 1999 when we ushered in Nigeria’s fourth republic with the swearing in of President Olusegun Obasanjo.

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A Boring Story about Pension

A Boring Story about Pension

At the end of the day whether you’re a client, techie, tax professional, or even an intern; you should spend more time creating new solutions instead of going through the motions. Oh wait, sorry that’s meant to be my closing paragraph… Ok ignore that and let’s start again.

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Tax Audit??? No need to worry.

The Federal Inland Revenue Service (FIRS) has introduced measures to improve the tax audit experience for all taxpayers in the country.The New measure have reduced the tax audit cycle to 63 days from 90 days and cut out multiple tax audits by various tax authorities through an MoU signed with the Joint Tax Board (JTB)

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THE APAPA WHARF – NIGERIA’S KING OF PORTS

The Ports in Nigeria play a crucial role in socio-economic development by being the cheapest mode of transferring cargoes for importation and exportation. The average number of vessels that enter the Nigerian ports yearly is about 4,876.

The major Nigerian imports include industrial supplies, capital goods, fuel and lubricants, vehicles, transport equipment and consumer goods. Most of the imports come in from Europe, Asia, Africa and America.

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The TaxaideR Newsletter Vol 1.4 (April 2019)

I feel pretty elated today for lots of reasons, but I would mention just a few. I am currently attending the Annual Tax Conference of the Chartered Institute of Taxation of Nigeria (CITN), the biggest gathering of tax practitioners and professionals in Nigeria. It is no doubt that in recent times, taxation has indeed come to take its seat at the table as the mainstay of the economy and the sporadic shift from reliance on oil some years ago to the reliance on the revenue from taxation has made most Nigerians take taxation more seriously.
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UNLOCKING NIGERIA’S TOURISM POTENTIALS

Nigeria, also known as the “Giant of Africa” and Africa’s largest economy with a GDP of $397.47 billion ahead of South Africa with a GDP of $376.67 billion, has undermined the power of Tourism as a great source of revenue for the country.

Countries such as Dubai, South Africa and Kenya have made great returns for their government in the areas of Tourism.

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