Top 10 Tax Firms or Companies in Nigeria

Top 10 Tax Advisory Firms in Nigeria

As an entrepreneur, you will have to deal with tax-related issues. To get the right advice, you should consult a reputable tax advisory company. After all, they can guide you, especially before entering any business transaction.

The History of Taxation in Nigeria

History of Taxation in Nigeria

Taxation simply refers to a levy imposed by a taxing authority, usually a government on a group, organization or individual known as the taxpayer. This levy is charged compulsory from the taxpayer as a means of income generation for the government.

An Overview of Companies Income Tax (CIT) in Nigeria

Companies Income Tax in Nigeria

The concept of Companies Income Tax (CIT) in Nigeria is the company creating a business entity, which is recognized as a legal entity for tax purposes. The business entity could be a sole proprietorship, partnership, or corporation.

Difference Between Tax Evasion and Tax Avoidance

Difference Between Tax Evasion And Tax Avoidance

In any government of a country, continent or nation, the citizens are expected to be responsible for its smooth running. While the electorates often look up to the government for the provision of every essential amenities through the magic wand of the political power it holds, the people also have a role to play while the magic show is in progress.

Tax Implications of Transactions With Foreign Entities

Tax Implications of Transactions With Foreign Entities

It is no longer news that the world is now a global economic village and no country can survive without engaging in transactions with other countries. Hence, it behooves all stakeholders to pay closer attention to tax issues relating to transactions with foreign entities and ensure that grey areas around the law are uncovered and resolved.

Are Bloggers Expected to Pay Tax in Nigeria?

Are Bloggers Expected to Pay Tax in Nigeria

Should a Web Blogger Be Taxed?

The answer is YES and NO. We could look at this from the angle of the LAW and the angle of the determination based on what ‘mode’ of blogging is in perspective. The first question to ask is, are some bloggers hobby bloggers or professional bloggers?

The Core Functions of the FIRS Nigeria

The Core Functions of the FIRS Nigeria

The Federal Inland Revenue Service (FIRS) is the only Federal Government institution saddled with the primary responsibility of the collection and payment of Federal government taxes across Nigeria.