FIRS made 99% of its revenue from 5 taxes in 2021. States collect most of their revenue from PIT & ppty taxes; NCS collects its revenue from import duties. Over 50 other taxes are insignificant but place huge burden on taxpayers. It's time to harmonise! https://t.co/9iJNSXcKO1
The new bill "Nigeria Police Trust Fund (Establishment, etc) Bill,2019" requires that all companies operating business in Nigeria to pay 0.005% of the net profit as levy to fund the objectives of the bill.
@ng_tax101 @Taxpalng @firsNigeria @OECDtax@TaxPolicyCenter
Have you audited your 2018 accounts in anticipation of your CIT(company income tax) remittance at the end of the month..? #Taxes#Tax#Business#Financials#SME
More photos from the engagement session between the American Business Council, American companies and Tax Professionals.
Guest speaker was Tunde Fowler who addressed the concerns of the biz community during the Q&A Session.
Well done to @AndersenTax_NG
#tax101
Decoration of the 55th ICAN President Mazi Nnamdi A. Okwuadigbo FCA at the Institute’s Council Chamber #icanig#accounting#charteredaccountant https://t.co/CrgqjD66u7
Good morning citizens and taxpayers ...another great week to contribute your quota to national development... Think taxes, Think Taxpal .. #Tax#ForAGreaterLagos#Taxpal#Business#Monday
Today we delve into the world of withholding taxes, Yes a lot of people wonder why deductions are made when they submit invoice to corporates or valid tax payers and that's why we would be breaking it all down for you... #Taxation#Learning#WHT#Firs#Lirs
What do I do with my WHT receipts ?
Keep them safely and intact as they always come in handy and useful at the end of year when paying your annual taxes , with them you can get a reduction in total amount to be remitted #promote#taxes#taxation#Taxpal#Tax#Financial