Stamp Duty Act and Value Added Tax Act in relation to finance act 2019 Stamp Duty Stamp duty is generally known as tax that is levied on single property purchase or documents. For instance, stamp duty includes legal customers such as receipts, land transactions, cheques and so on. Stamp duty is the tax that government […]
FINANCE BILL 2019 We say a piece of legislation is a bill when it is yet to be passed as a law by the Houses of Assembly, it is termed a Bill. Finance Bill is a Bill contains legislations about a country’s finance just as the name suggest. It could be about taxes, government expenditures, […]
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 […]