Esiri

Tax and Private Wealth Services. Chartered Accountant. People and Organisation expert.All things bright and beautiful.Made by God.Views are my own.

[Esiri @ayolande]

Which way NIGERIA? A temporary stamp duty holiday on home sales in England and Northern Ireland has been announced by the British government as part of a plan to kickstart the economy amid the coronavirus pandemic. https://t.co/5HtvUZn51L

[PwC Nigeria @PwC_Nigeria]

Our five-part Insight series on Nigeria’s Tax reforms, now all in one place!

Revisit the knowledge, catch up on what you missed, or share with your network.

Explore the compilation here: https://t.co/87nMkYJozh

#TaxInsightSeries #PwCInsights #TaxLeadership

[PwC Nigeria @PwC_Nigeria]

Our upcoming #TaxAcademy session in Kigali, Rwanda, focuses on 'Tax controversy and dispute resolution'.

Join us for an in-depth look at tax laws and effective resolution mechanisms for tax disputes.

Date: 15 - 19 April, 2024.

Register now: https://t.co/IIwYZI8sqC

[PwC Nigeria @PwC_Nigeria]

Babatunde Olaniyi - Associate Director, Corporate Tax Consulting, PwC Nigeria

8/8

[PwC Nigeria @PwC_Nigeria]

Ugochi Ndebbio - Associate Director, Corporate Tax Consulting, and General Counsel, PwC Nigeria

7/8

[PwC Nigeria @PwC_Nigeria]

Seun Adu @itsSeunAdu - Partner, Tax and Transfer Pricing, PwC Nigeria

6/8

[PwC Nigeria @PwC_Nigeria]

@ayolande Frobisher Mugambwa - Associate Director and Head of Tax and Fiscal Policy, PwC Rwanda

4/8

[PwC Nigeria @PwC_Nigeria]

Chijioke Uwaegbute - Partner and Tax and Regulatory Services leader, PwC Nigeria

2/8

[PwC Nigeria @PwC_Nigeria]

Meet our facilitators for the #TaxAcademy Tax controversy and dispute resolution session.

1/8

[Taiwo Oyedele @taiwoyedele]

QUICK WINS REPORT

The Presidential Fiscal Policy and Tax Reforms Committee was set up by President Bola Ahmed Tinubu to review and advise on reforms to shape Nigeria's fiscal policy and tax system.

The Committee’s terms of reference covers Fiscal Governance; Revenue Transformation and Economic Growth Facilitation.

The work of the committee is further divided into 3 phases, being Quick Wins within 30 days; Critical Reforms within 6 months and Implementation within 1 year.

The committee has presented its reports to the President with key recommendations to address critical economic issues ranging from exchange rate management, impact of fuel subsidy removal, moderation of inflation, and facilitating economic growth. The key recommendations include, but not limited to:

1. Measures to address duplication of functions in public service, ensure prudent public financial management and optimize value from government assets and natural resources

2. Policy signalling and collaboration by MDAs, economic management, and policy execution team

3. Use of technology “Data4Tax” to expand the tax net

4. Increase personal income tax exempt threshold and personal relief allowance

5. Tax break for private sector in respect of wage increases to low-income earners, transport subsidy and net increase in employment

6. Permit the payment of taxes on foreign currency denominated transactions in Naira for Nigerian businesses.

7. Remove impediments to global employment opportunities for Nigerians based in Nigeria

8. Suspension of VAT on diesel and tax waivers on CNG, CNG conversion, and renewable energy items

9. Comprehensive review of tariffs on the 43 items unbanned from accessing forex in the official market and fiscal policy review of other items prohibited for imports

10. Reforms of Withholding Tax Regulations to ensure simplicity and ease the pressure on working capital of businesses

11. Facilitate the use of mobile phones for conditional cash transfers and introduce a spending framework for subsidy removal and forex reform windfall, including a national portal to track spending by FG, states and local governments

12. Suspension of multiple taxes which place burdens on the poor and small businesses and compensate with windfalls revenue of certain agencies

13. Expand the official foreign exchange market to incorporate BDCs, forex apps and retail fx dealers, and outlaw transactions in the black market

14. Digitalise Nigeria’s fx regime and discourage speculative demands and hoarding of fx in cash

15. Imposition of excise tax on foreign exchange transactions outside the official market

16. Implement forward contracts for the importation of PMS as a short-term measure pending improvement in key economic indices

17. Discontinue with the fx verification portal and requirement for Certificate of Capital Importation and export proceeds restriction

18. Address impediments to export promotion and bottlenecks regarding Exports Expansion Grants, and remove restriction on repatriation and use of export proceeds by exporters

19. Modify Tax ProMax to allow taxpayers to make part payments of outstanding tax liabilities

20. Grant waiver of penalty and interests on the condition of full payment of outstanding tax liabilities on or before 31 December 2023

[EnterpriseCEO @enterpriseceo]

In this week's edition of EnterpriseCEO's Woman Crush Wednesday (WCW), we celebrate Esiri Agbeyi, Tax Partner with @PwC_Nigeria Nigeria.

She's a private wealth advisor for family businesses, HNIs and family offices. Focused on family governance International tax.

[PwC Nigeria @PwC_Nigeria]

Family businesses in Nigeria are thriving, despite the challenges.

That's the message from PwC's Sam Abu, Country Senior Partner, who gave the keynote speech at the @MFMBOfficial1 2023 Family Business Summit in conjunction with @BusinessDayNg this morning.

#BusinessSummit

[BusinessDayNG @BusinessDayNg]

BusinessDay 13 Oct 2023 https://t.co/haq60PxgQU

[BusinessDayNG @BusinessDayNg]

Front Page Today:

In move towards single FX rate, CBN lifts ban on 43 items

How family businesses can scale to listed trillionaire firms

Investor confidence dented as promising African startups fail

Visit https://t.co/Uu4HfzqqqM to read more

[BusinessDayNG @BusinessDayNg]

Esiri Agbeyi, PwC Africa Family Business Leader https://t.co/XiGWEtEwfG

[Esiri @ayolande]

@BusinessDayNg Aww thank you @kemi_ajumobi and @BusinessDayNg …..💕💕💕 what a pleasant outing with you all at the Family Business Summit too🙏🏽

[PwC Nigeria @PwC_Nigeria]

Family business leaders unite at the @MFMBOfficial1 2023 Family Business Summit with @BusinessDayNg to discuss key issues and explore growth opportunities.

#FamilyBusinessSummit2023 #BusinessSummit #FBS2023

[PwC Nigeria @PwC_Nigeria]

@MFMBofficial1 @BusinessDayNg Alhaji Tijjani Sule Garo, CEO, GB Tannery Nigeria Limited; Dr. Jumoke Oduwole, Special Adviser to the President on PEBEC and Investment; Frank Aigbogun, Publisher, @BusinessDayNg; Idowu Thompson, Group Executive, Private Banking and Wealth Management, @FirstBankngr 2/2.

[PwC Nigeria @PwC_Nigeria]

Industry leaders share insights on building multi-generational family businesses in an age of volatility at the @MFMBOfficial1 Family Business Summit with @BusinessDayNg.

L-R: PwC's Sam Abu, Country Senior Partner; PwC's Esiri Agbeyi, Partner & Africa Family Business Leader; 1/2

[PwC Nigeria @PwC_Nigeria]

The day is finally here!

Join us this morning at th@MFMBOfficial1 2023 Family Business Summit in conjunction with @BusinessDayNg to gain insights and strategies that will help your family business thrive.

Register to attend the summit: https://t.co/7YeZ9HkTpD

#FBS2023

[PwC Nigeria @PwC_Nigeria]

Join Esiri Agbeyi @ayolande, Partner & Africa Family Business Leader as she speaks at the @MFMBofficial1 2023 Family Business Summit in conjunction with @BusinessDayNg.

Theme: Built to last: Building a multi-generational business in an age of volatility.

https://t.co/2SjH9E8LL2