07/06/2017
Nigeria seeks to reduce tax evasion
The forum works under the auspices of the OECD and G20 and focuses on increasing the standard for information exchange.
Tax
07/03/2017
FIRS boss laments Evans’ illicit wealth, goes after 29 private jet owners
Fowler spoke at the weekend at the FIRS and Global Forum on Transparency and Exchange of Information on Tax Purposes workshop in Lagos.
06/30/2017
Osinbajo Reads Riot Act to Tax Defaulters
He noted that only 214 people were paying an annual tax of N20 million voluntarily which, according to him, is a far cry from the large number of high net-worth people in the country.
06/28/2017
Tax evasion task force recovers Sh2 billion from firms in 2 years
The KRA has further recovered more than Sh5 billion from over 50 cases involving illicit financial flows.
06/26/2017
How Jimi Wanjigi makes billions at taxpayer’s expense
They are for fortune and health.
06/26/2017
Nigeria hopes to generate $1b from tax evasion amnesty
It said tax evaders who delayed participation until after December 31 would be liable for interest on overdue tax balances.
06/19/2017
KRA, banks lock horns over taxation of loan fees
The KRA puts these income streams in the same league as other transaction-based charges such as money transfer and ATM withdrawals a position the lenders have opposed.
06/17/2017
Nigeria engages international investigating company to catch tax evaders
Nigeria to deal with companies transferred out of Nigeria profits made here to countries where they are allowed to pay little or no tax at all.
06/13/2017
Middle class South Africans are paying double tax to fund infrastructure and public services
Citizens pay taxes to fund infrastructure and public services.
06/09/2017
Grant Thornton wins prestigious Private Equity Africa Award
The nominations were in partnership with the London Business School Private Equity Institute.
06/09/2017
South Africa Urged To Drop New Wealth Tax Proposals
Introducing a new land tax, a national tax on the value of property.
06/05/2017
Ghana has double taxation agreements with 11 countries by end of April 2017
An agreement on the avoidance of double taxation means that a foreign business in Ghana will not have its income taxed in Ghana and in the country of its origination. Depending on the agreement between the country or entity, it could be taxed in one count
06/05/2017
Finding the best way to tax the wealthy
Some stakeholders receive extension for submissions to Davis Tax Committee.
05/31/2017
Djibouti joins the Inclusive Framework on BEPS and the Global Forum
Djibouti also joins the Global Forum on Transparency and Exchange of Information for Tax Purposes as its 141st member.
05/30/2017
KPMG and PwC win big banks audit jobs
It is always good practice to change auditors
05/29/2017
New reporting will be costly and time consuming
The exchange of information is supposed to ensure that taxpayers pay the right amount of tax to the right jurisdiction
05/26/2017
Benue seals 4 banks over non-remittance of N1.4bn tax
The News Agency of Nigeria reports that all the sealed banks branches in the state were served closure orders.
05/25/2017
What the Davis Tax Committee has in mind for high-net earners
“There is no sliding scale for trusts, which means only the higher flat rate of 45%, previously 41%, applies.”
05/23/2017
Burden of wealth tax will likely exceed benefits, tax practitioners warn
As deadline for submissions to the Davis Tax Committee looms.
05/22/2017
25% corporate tax will crush rural banks – Board Chair
Rural Banks across the country are currently being charged a tax rate of 25 percent which was some 300 percent increment from the initial 8 percent.