February 24, 2017

Globally, Nigeria ranks 182 out of 189 countries on the ease of paying taxes index.[1] Between 2010 and 2016, Nigeria dropped in ranking from 119 to 182. This largely explains the low tax to GDP ratio currently standing at 2.8%.[2] Amidst this poor ranking, drop in oil...

February 11, 2017

Businesses run at a loss due to lack of information on the best structure for their investments. In Nigeria, many business owners do not understand the basic and fundamental principles, and so tend to run their limited liability companies as sole traders. Naturally sma...

January 18, 2017

The World Economic Forum provides a platform for engaging the World’s top leaders on critical issues that shape the global economy each year. The goal is to improve the state of the world by encouraging collaboration that facilitates sharing of insights and innovations...

January 18, 2017

The IMF World Economic Outlook was released on January 16, 2017. [1] In the Outlook, Nigeria and South Africa have been projected to experience economic growth in 2017 and 2018. The forecast for Nigeria was revised upwards from the October 2016 projections. This was la...

December 13, 2016

In September 2015, countries of the world adopted a set of goals to end poverty, protect the planet, and ensure prosperity for all. Collectively these goals were termed ‘Sustainable Development Goals’ to be achieved by 2030. This article focuses on achieving sustainabl...

December 3, 2016

On November 24, 2016, a multilateral instrument (the 'instrument') to modify bilateral tax treaties was adopted by more than 100 countries. This instrument has the effect of modifying more than 2000 tax treaties in force in the world today. Implementation of the instru...

November 26, 2016

The challenge of tax enforcement has been a recurring decimal in Nigeria. At the international plane, while the argument for tax enforcement generally oscillates between the voluntary compliance ideal on one hand and the command-control strategy on the other hand, this...

November 26, 2016

Since the discovery of oil, the Nigerian economy has been run almost solely on petrodollars. The fall in oil prices has propelled the government to revisit the issue of tax as a more sustainable means of funding infrastructure. But can the current design of Nigeria’s t...

October 21, 2016

On October 5, 2016, the Nigerian Federal Inland Revenue Service (“FIRS”) issued a public notice granting a three year tax amnesty to defaulting companies (the “tax amnesty program”). The goal of the tax amnesty program is to promote voluntary tax compliance and shield...

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