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The New Tax Reform Bills (Particularly VAT Reform): A Simple Explainer and Advisory to the Government – Abdulhaleem Ishaq Ringim

December 1, 2024 Comments Off on The New Tax Reform Bills (Particularly VAT Reform): A Simple Explainer and Advisory to the Government – Abdulhaleem Ishaq Ringim

  “The derivation component (20%) has been a subject of contention for years. Lagos State, for example, collects the highest VAT not necessarily because more VAT-generating transactions occur there but because most major companies have their headquarters in Lagos. As a result, they pay VAT from activities conducted nationwide directly in Lagos—the Headquarters Effect” PEGASUS REPORTERS, LAGOS | DECEMBER 1, ...

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 Nigerian Government To Tax Profits Made By Google, Twitter, Others In The Country – VP Osinbajo

June 27, 2021 Comments Off on  Nigerian Government To Tax Profits Made By Google, Twitter, Others In The Country – VP Osinbajo

  According to the statement, section 4 of the finance act 2019, provides that “the Minister (Finance) may by order (of the President) determine what constitutes the significant economic presence of a company other than a Nigerian company”. NAN REPORT | JUNE 27, 2021 Vice President Yemi Osinbajo has expressed optimism that the current clouds and travails covering Nigeria would ...

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