Ways life insurance can grow and protect your wealth.
Covid 19 pandemic occurrence happened in part to remind us of our own mortality and the need to protect our loved ones. While the pandemic... Read More
Tax Policy reforms in Developing Nations: A Comparative Study of Ghana and Morocco
1. Introduction Tax policy plays a crucial role in the economic development of nations, particularly in developing countries where resource mobilization is essential for funding... Read More
PROPOSED WINDFALL TAX ON BANKS: A DEEP DIVE INTO POTENTIAL IMPACTS
Windfall Tax on Nigerian Banks
Features/Characteristics of Withholding Tax
Withholding Tax is deductible from the following sources:
Lifestyle tax audit Investigation.
Tax investigation of taxable person’s lifestyle is a very effective tool in the hands of government to reduce corruption. Lifestyle audit is an effective way... Read More
Taxation should not become a tool for harassment but for Economic Prosperity.
Every Tax Accountant knows that tax is a bitter pill to market and for the taxpayer to agree to swallow the pill; the pill must... Read More
Exemption from Withholding Tax
Tax exemptions, deductions allowed, reliefs and tax waivers are legal loopholes used by tax accountants to reduce the incidence of tax on their clients. Below... Read More
How Nigeria can improve witholding Tax Administration.
What is Withholding Tax? Withholding tax is not a separate type of tax rather it is an advance payment of income tax available as a... Read More
2 Ways Tax Refund is Treated in Nigeria
Every Taxpayer including government, departments and agencies as well as NGOs which have made payments to government, either in error or inadvertently may qualify for... Read More
How Tax Refund Can Arise in Nigeria
What is Tax Refund ‘Simply, it means tax paid to a taxpayer: it is repayment of excess tax payment or credit in respect of taxes…’... Read More