Personal Income Tax

TAX AND REGULATORY MATTERS A FOREIGN INVESTOR MUST AVERT HIS MIND IN NIGERIA by Ayoade Apelegan Nigeria is ranked 131st on the World Bank’s 2020 Doing Business index. The ease of doing business score shows an economy’s absolute position relative to the best regulatory performance. The implication of this is that foreigners are on the lookout to establish businesses in…

Finance Act

The Impact of Finance Act, 2019 on Businesses in Nigeria

matogconsultingJune 20, 2020

THE IMPACT OF FINANCE ACT, 2019 ON BUSINESSES IN NIGERIA By Ayoade Apelegan The Finance Act is a fiscal policy statement, which shows how the Government intends to finance budgeted expenditure and achieve other socio-economic objectives. The Finance Bill 2019, which was submitted to the National Assembly by President Muhammadu Buhari alongside the 2020 Appropriation Bill, and signed into law…

Tax

Taxation of Unincorporated Businesses in Nigeria

matogconsultingMarch 26, 2020

Taxation of Unincorporated Businesses in Nigeria By Dare Onamakinde INTRODUCTION Unincorporated businesses are usually the sole proprietorship or the partnership business. They can be defined as a commercial enterprise that is privately owned by one person or more than one person(s), it has unlimited liability due to the fact that the business has not been formally registered as a company.…

Tax

Taxes MSME’s or Small Business should Pay in Nigeria

matogconsultingDecember 20, 2019

Taxes MSME’s or Small Business should Pay in Nigeria In this article, we want to discuss lucidly the federal government taxes every business owner should know. This will help prevent the case of tax evasion and even tax avoidance. To really get it down with this topic, we will discuss and define TAXATION as seen by different scholars, dictionary, and…

Taxation

TAX PLANNING & AVOIDANCE SCHEMES IN NIGERIA

matogconsultingDecember 19, 2019

TAX PLANNING & AVOIDANCE SCHEMES IN NIGERIA According to the Wikipedia, it describes tax by saying “tax (from the Latin taxo) is a compulsory financial charge or some other type of levy imposed upon a taxpayer (an individual or legal entity) by a governmental organization in order to fund various public expenditures”. A failure to pay, along with evasion of or resistance to taxation,…

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