The informal sector in any nation refers to the group of unstructured businesses that generally provide casual employment and income. According to industry reports, this sector of the economy remains largely untaxed. Learned silk, Oyetola Atoyebi, SAN discusses how the country can tap into the untold treasures existing if she taxes her informal sector.
Although blockchain is predominantly utilised in the financial sector today, its value is noticeably more, being that it is widely associated with cryptocurrencies. Similarly, as an integral part of the effective functioning of the state, the quest for bettering and improving taxation is infinite. This paper sets out to examine blockchain and its design while exploring its potential for the tax economy.
Can we meet you? My name is Eniola Akinoso. I am an Associate with the Commercial Practice Group at Andersen Tax, Nigeria. I am the initiator of TaxVille, an online content hub that simplifies tax concepts and trends in a creative and relatable manner. I graduated from the Faculty of Law, University of Lagos (UNILAG) […]
The infrastructure and real estate construction industry in Nigeria holds the potential for contributing massively to the growth of the economy, both in terms of GDP and employment generation. The reason is not farfetched- her population. Nigeria has an estimated population of 200 million people majority of which are youths. However, in Nigeria, there is […]
Section 4 of the Finance Act (FA) 2019 amends Section 13 of the Companies Income Tax Act (CITA). The amended section 13(2) deals with the taxation of nonresident companies (NRCs) i.e. companies that transact businesses in Nigeria other than Nigerian companies. Section 13 taxes four categories of NRCs viz: a company that has a fixed […]
Hello there. We trust you are making the best use of the lockdown and staying safe, because we are! On the Lawyer of the Week series, we feature Stephen Arubike, a lawyer at Nigeria’s leading law firm, G. Elias & Co. He took us through his journey into the legal profession while giving practical advice […]
EPISODE 1 – SUPPLY Ever visited a wholesale shop to buy something as mundane as a bathing sponge and the price got you wondering if it will actually wash your sins away? Or followed your friend to a thrift store at Ojuelegba where he purchased sturdy brogues for 3,000 naira and wondered if those who […]
