Ufuoma Edward-Ating

Woman after God

[KPMG Nigeria @KPMG_NG]

“ As long as a company is not resident in Nigeria, the VAT wouldn’t apply to them “ @king_wales , Associate Director, Tax, Regulatory & People Services, @KPMG_NG at the ongoing Tax chat.
#staysafe #KPMGTaxChat #tax #finance #consumers

[Adewale Ajayi @walesj1967]

#KPMGTaxChat @King_Wales Do you think that a consensus would ever be reached on the taxation of digital services? If No, what can be done to address the punitive measures that the US may impose on countries taxing digital services on unilateral basis?

[KPMG Nigeria @KPMG_NG]

“ The circumstances for which a business would be taxed as foreign tax would depend on if it has a taxable business in Nigeria“ @king_wales , Associate Director, Tax, Regulatory & People Services, @KPMG_NG at the ongoing Tax chat.

#staysafe #KPMGTaxChat #tax #finance #consumers

[Adewale Ajayi @walesj1967]

#KPMGTaxChat @King_Wales we know that the OECD has been working on a consensus approach to the taxation of digital services. However, many countries, including Nigeria, have been making unilateral decisions on this. What are your thoughts?

[KPMG Nigeria @KPMG_NG]

“ Foreign resident companies without physical presence weren’t taxable until recently when the Nigerian tax laws were amended “ @king_wales , Associate Director, Tax, Regulatory & People Services, @KPMG_NG at the ongoing Tax chat.

#staysafe #KPMGTaxChat #tax #finance #consumers

[Akinwale Alao @King_Wales]

I will be providing insights on the taxation of online businesses and its potential impact on local consumers.

Please join me for this important discussion and remember to include #KPMGTaxChat in your questions and comments.
#digitaleconomy #tax #kpmg #taxation

[Ufuoma Edward-Ating @TushMommy]

@King_Wales #kpmgtaxchat Does the Significant Economic Presence order apply to Nigerian companies that provide digital services as well?

[Ufuoma Edward-Ating @TushMommy]

@martinsarogie Did the FGN formulate fiscal responses to some of the challenges faced by the Sector through the Finance Act 2019 and 2020?
#KPMGTAXCHAT

[Martins Arogie @martinsarogie]

I will be providing answers to some of these questions as well as responding to any question you have on the power sector and its challenges over the next 2 hours.

Join me for this important discussion and please remember to include #KPMGTaxChat to your questions and comments.

[Martins Arogie @martinsarogie]

How do several Government policies impact the ability of power companies to generate relevant financing and make required investments? Welcome to April’s edition of the #KPMGTaxChat

[Martins Arogie @martinsarogie]

Nigerians do not want to pay more without any visible (in their opinion) improvement in the quality of service. However, is it possible to improve quality without additional investments? #KPMGTaxChat

[Martins Arogie @martinsarogie]

However, other than the decision to sell and who they sold to, there has been very little talk about Government’s policies which impact the sector and how they may contribute to its success or lack thereof.
One issue that has remained thorny is that of cost reflective tariffs.

[Martins Arogie @martinsarogie]

There has been a lot of talk about the competence of the new private owners and whether they are the right fit for the sector and what is required to achieve a measure of progress.
#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.

[Martins Arogie @martinsarogie]

The privatization of the power sector in Nigeria commenced in 2005 with the passage of the Electric Power Sector Reform Act which culminated in the transfer of majority ownership and control of the successor companies of the erstwhile Government monopoly,
#KPMGTaxChat

[YouVersion Bible App @YouVersion]

What if you didn’t have to imagine what Jesus’ miracles were like? For the first time ever, you can watch all eight, full-length Season 1 episodes of “The Chosen” on YouVersion! https://t.co/deSguxVjl4

[Ufuoma Edward-Ating @TushMommy]

@FBabem How should the FIRS secure Taxpayer’s acceptance?
#KPMGTAXCHAT

[Ufuoma Edward-Ating @TushMommy]

@FBabem What are some of the imperatives for the successful implementation of the technology initiatives by FIRS?

#KPMGTAXCHAT

[Ufuoma Edward-Ating @TushMommy]

@AyoAbdussalam

What is the purpose of the time of supply rules introduced by the Finance Act, 2020?

#KPMGTaxChat

[Ufuoma Edward-Ating @TushMommy]

@AyoAbdussalam #KPMGTaxChat

Based on the Act's provision for a reduction in minimum tax of companies to 0.25%, which is applicable for tax returns prepared and filed for any year of assessment falling due on any date between 1 January 2020 and 31 December 2021, both days inclusive.

[Ufuoma Edward-Ating @TushMommy]

@AyoAbdussalam #KPMGTaxChat

Can businesses who have already filed 2020 YOA returns refile based on the new provisions, or will they be entitled to a tax relief where they had filed minimum tax at 0.5%?