VAT Exemption in Nigeria
VAT Exemption in Nigeria Value Added Tax (VAT) is a tax levied on goods and services consumed. It is an indirect tax wherein the payment burden is borne by the final consumer of the goods and services. This tax was…
VAT Exemption in Nigeria Value Added Tax (VAT) is a tax levied on goods and services consumed. It is an indirect tax wherein the payment burden is borne by the final consumer of the goods and services. This tax was…
TAXATION And PUBLIC FINANCE https://www.firs.gov.ng Taxation and Public finance . The primary purpose of taxation is to raise revenue to me e t huge public expenditure . Most governmental activities must be financed by taxation. But that is not the only…
Type of Taxes in Nigeria and how they are administered. Ideally, a Nigerian is expected to know the types of taxes in Nigeria and how they are administered. However, not so many people are familiar with their tax obligations. As…
THE ROLE OF TAXATION IN ECONOMIC GROWTH OF NATIONS.
Economic Growth remains a MACRO-ECONOMIC objective of any nation, be it developed or developing alike. Economic growth serves as an increase in the capacity of an economy to produce goods and services, compared from one period of time to another. Governments are saddled with responsibility of providing some basic infrastructure for the citizens, stabilization of the economy, redistribution of income, provision of economic services are some major responsibilities a government owes its citizenry. The ability of government to live up to these responsibilities largely depends on the amount of revenue generated by the government through the various sources (internal and external) available to it. One of such sources is TAXATION.
Taxation being an important fiscal policy instrument at the disposal of government to mobilize revenue and promote economic growth development. Taxation is a mechanism through which the government seeks to realize some of its economic objectives. Taxation can be used to influence or direct the consumption pattern of citizens. It can be used to encourage or discourage investment in certain sectors of the economy. In this, the government can significantly reduce the number of ‘harmful and antisocial’ but not illegal economic activities. It can also be used to protect local and small businesses and reposition them to better compete with their bigger, foreign counterparts.
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SOW Professional Services Limited Bagged Business Improvement Royal Leadership Award The Senior Partner of SOW Professional Services Limited, Prince Oyewole Samuel Omofojoye won the award for Business Improvement and Development Royal Leadership of City Plus Celebrity Magazine. Samuel Omofojoye of…
5 Ds of Digital Marketing for Business Development Marketing is a vital process for entrepreneurs, because no venture can become established and grow without a customer market. The process of acquiring and retaining customers is at the core of marketing.…
JOB VACANCY As part of our expansion process, our Firm, a Tax & Management Consulting firm based in Gbagada, Lagos, needs to fill the following positions: ASSOCIATE TRAINEE (TAX & AUDIT). REF NO (AT001) Duties: To assist in daily administration…
SOW Professional Partners RyteGate Technologies SOW Professional Services Ltd, a Management Consulting Firm in Nigeria, is thrilled to announce today 30th of August, 2021, that it has entered a new strategic partnership with RyteGate Technologies, a Canadian based System Development…
The Nigerian tax laws outline steps to tax dispute resolution procedures for tax issues. Although the various tax laws stipulate different timelines for compliance and appeal, the basic procedure remains largely the same. Upon filing of tax returns, the tax…
How to Check TIN Online A taxpayer identification number (TIN) is a unique eight-digit number used to identify an individual, business, or other entity in tax returns and other documents filed with the Tax Authority. A TIN is particularly issued…