Femi Babem

Trusted Adviser, avid traveler and lover of sports. Views shared by me are personal, and non-binding.

[Femi Babem @FBabem]

If you are a Finance or Tax Leader of a businesses operating in Nigeria, you don't want to miss this webinar. Tax authorities globally are introducing initiatives to facilitate real-time tax assessment and collection. This initiative has begun in Nigeri…https://t.co/82rGaA9J7f

[Femi Babem @FBabem]

You really don't want to miss this! Further details coming soon. https://t.co/sgasBzTLwO

[Femi Babem @FBabem]

The D-day is tomorrow. Join us as we review one year of the AfCFTA and the next steps for businesses and the nation. Register for the event and see you there #AfCFTA #Africatrade #nationalactioncommitteeonAfCFTA https://t.co/yNYbpkIw0Z

[Femi Babem @FBabem]

https://t.co/tMpEWnfHj0

[Femi Babem @FBabem]

Hello friends

Join me again in two weeks as we discuss the African Continental Free Trade Agreement (AfCFTA) and the next steps for the Nigerian business community. The event will review the status of implementation of the Agreement since it became effe…https://t.co/43cNq7gTmW

[Femi Babem @FBabem]

Hello friends! I will be joining other seasoned speakers this Saturday (29/01/2022) to discuss Nigeria's economic outlook for 2022, and the potential impact for individuals and businesses. This session is organised by Nairametric…https://t.co/s5TybDbDNJ https://t.co/Ydmg3a7S90

[Femi Babem @FBabem]

Please read our publication on the PAPSS, the recently lunched instant payment system for intra-Africa trade. https://t.co/zbMG4rKFMq

[Femi Babem @FBabem]

#PIAthegamechanger https://t.co/F9gSqLi6Xr

[Femi Babem @FBabem]

An update on the current VAT conundrum in Nigeria. https://t.co/4k93UafZsc

[Femi Babem @FBabem]

#kpmgproud #kpmgnigeria #diversityandinclusion #thebluebloods https://t.co/S6Le3PX7nc

[Femi Babem @FBabem]

A new dawn for Nigeria's oil and gas industry.... https://t.co/qgTeEo2Om7

[Femi Babem @FBabem]

A follow-up publication in BusinessDay Newspaper on the Tax Function of the future. This is a quick read for tax, finance and business leaders! #Taxreimagined #tax #taxationnigeria #taxclubs #doingbusinessinnigeria #taxfunctionofthefuture https://t.co/KZxvDTF4J2

[Femi Babem @FBabem]

In this document you will find all you need to know about investing in Nigeria - economic, regulatory, etc... #investinginNigeria #doingbusinessinNigeria https://t.co/2CGuuOzHs3

[Femi Babem @FBabem]

It is with great pleasure that I present KPMG Nigeria's report on the current state of Tax Functions in Nigeria. The report is based on a survey conducted by KPMG, and the results are revealing! For instance, the results show that about 40% of the compa…https://t.co/3oTuzifMlS

[Femi Babem @FBabem]

This promises to be an interesting and exciting webinar. The rapid evolution of technology combined with the social-economic effects of COVID-19 has forced us reimagine the way we live and exist, so, why not reimagine the we do tax? After all, as the say…https://t.co/ehXhakIASa

[Martins Arogie @martinsarogie]

@prof_bukunmi VAT is an additional cost of a product or service. Therefore, the inclusion of VAT on tariffs has an impact on the overall cost of electricity as a good. #kpmgtaxchat

[Martins Arogie @martinsarogie]

@petitecheryl This is pretty straight-forward. The Discos can apply the credits against their income tax liability and apply for a refund of any excess. However, I am sure their preference would be for the deductions not to take place at all so it does not impact their cash flows.#kpmgtaxchat

[Martins Arogie @martinsarogie]

@Akindeleadeola1 Yes they can. However, this isn’t very straight forward. Most Gencos sell to NBET which is a Government agency and so is expected to deduct the VAT charged at source. Therefore the Gencos may never get the opportunity to recover any input VAT unless they apply for a refund.

[Martins Arogie @martinsarogie]

@Akindeleadeola1 There is also the issue of whether the Gencos actually include VAT on their invoices to NBET which is a more serious matter as there are stiff penalties for non-issuance of a VAT invoice. #KPMGTAXCHAT

[Martins Arogie @martinsarogie]

the Power Holding Company of Nigeria (PHCN) to private entities at the end of 2013.

Nigerians were optimistic that the transfer would lead to significant improvement in the quality of electric power supply and the jury is still out as to whether that expectation is being met.