TAX

Tax2018-02-12T18:17:30+01:00

TAX

LIVING ABROAD, TAXED AT HOME

For many Nigerians, moving abroad meant a clean break from Nigerian tax obligations. Once overseas, tax responsibilities were generally understood to follow income and activity, not family or property left behind. That is no longer the case. […]

Nigeria’s Withholding Tax Reforms:

Nigeria has overhauled its nearly half-century-old regime on the administration of withholding tax (WHT) with the signing of the Deduction of Tax at Source (Withholding) Regulations 2024 by the Minister of Finance.

WHEN DOES PENALTY AND INTEREST APPLY TO UNPAID TAX

The effectiveness of tax laws lies primarily in the coercive powers of tax authorities to enforce compliance and penalties for default, and not an altruistic or patriotic disposition of taxpayers to contribute to the public revenue. To induce […]

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