Saturday, September 25, 2021

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The Difference Between Sales Tax and VAT

VAT is technically different from a sales tax - even though they are both consumption taxes.  It would have been easier for states to charge...

States Collection of VAT May Lead to Multiple Taxes – Analysts

Analysts and Managing Director, APT Securities and Funds Limited, Mallam Garba Kurfi, has indicated that multiple taxation in the country might worsen if the...

Governor Ayade Waves Tax On Low-Income Earners

As part of the state's COVID-19 palliative, the executive Governor of Cross River State, Governor Ben Ayade has on Thursday imposed tax exemption on...

MSMEs with Turn-over Less Than 25M Will Not Pay Income Tax

The Minister of Finance, Budget and National Planning, Zainab Ahmed has made the announcement of Micro, Small and Medium Enterprises (MSMEs) with annual turnover...

GOOD NEWS! Nigeria’s Tax Laws Amendment to Favour Small Businesses

This is great news for MSMEs as a Bill to amend various tax laws in Nigeria is currently undergoing legislative process at the...

How Not To Get Caught Up With Tax Officials

If you're a business owner or you're planning to become one anytime soon, the following will guide you so as not to get into...

Federal Tax-Men Are Eyeing SMEs

Against the backdrop of complaints by small business owners over harassment by revenue collectors and multiple taxation mostly by states and local governments, it...

Tax Task Force Come After SMEs Any Time From Now

Against the increasing complaints of negative tax burden on small businesses, the Nigerian Association of Small and Medium Enterprises (NASME) has called on Micro,...

Tax Returns Becomes Another Pain for Small Businesses

  By Abiodun Oyetunji   // There are indications that a bullish tax regime of the current governments both at federal and states levels as...