Deloitte sees automation transforming tax administration in Nigeria
Experts in tax administration have said automation will transform taxes for companies and regulators in the very near future, as technology is expected to impact satisfaction level positively.
Pa Akintola Williams The Accountant: Cerebral And Dapper Still At 99
Have you ever seen Pa Akintola Williams in any other outfit than his suits? Really, sometimes, one tries to imagine what the doyen of accountancy profession in Nigeria would look like in casual wears or even native attires, especially the ever-flowing agbada. No matter the event, The Accountant, as he’s fondly called, turns up in…
SEC mandates Deloitte to commence Oando forensic audit
The Securities and Exchange Commission (SEC) has mandated Deloitte firm to proceed with Oando forensic audit.
Man United retain top spot in Deloitte 'Money League'
Manchester United narrowly pipped Real Madrid to remain the top revenue-generating club in the world as Premier League sides underlined their growing financial clout, Deloitte's "Money League" report said Tuesday.
Fiscal opportunities of a restructured sports sector: Football as pilot (3)
There is a simple question that the Football Association in Nigeria must answer. It is that, “does Nigeria operate a league system that makes a football clubside self-sustaining and ultimately, profitable?” Whilst enactment of the prevailing Framework Rules, which reflect a change of mindset to run football as a business, is critical, emplacing and…
Fiscal opportunities of a restructured sports sector: Football as pilot (2)
The Nigerian league system owes its format to the British. The modern game of association football originated with the formation of the Football Association (FA) in London in 1863 following multiple efforts to standardize the varying forms of the game. There are more than 140 individual leagues, containing more than 480 divisions. The exact…
Fiscal opportunities of a restructured sports sector: Football as pilot (1)
In today’s world, the reality is that sports is a business. Perhaps this is why there is always that distinction between those who pursue a particular sporting activity as hobbies or means of relaxation from those who derive their livelihood from same platform.
Microfinance banks and the VAT legislation: Is there a case for exemption?
This paper examines the current legislative provisions guiding the applicability of VAT on services of banks and other financial institutions and arguments against the imposition of VAT on services rendered by microfinance banks in Nigeria.
Tackling tax leakages in the 21st Century – What lessons can Nigeria learn from the OECD (3)?
The last two editions of our InsideTax publication have focused on tackling tax leakages in the 21st century.
Tackling tax leakages in the 21st Century – What lessons can Nigeria learn from the OECD (2)?
In our last edition of InsideTax publication, we explored the concepts of tax avoidance and tax evasion and the impact of tax leakages on government revenue. We also highlighted some ways through which tax evasion occurs in Nigeria.
Tackling tax leakages in the 21st Century – What lessons can Nigeria learn from the OECD?
Benjamin Franklin was apt when he said: “In this world, nothing can be said to be certain, except death and taxes”. Centuries after that famous quote by the one-time American President, taxation remains a certain and consistent source of revenue for governments, albeit to varying degrees of reliance.