TAX PENALTIES

TAX PENALTIES

It is very interesting to note that many business people are getting interested in the basic principles of Tax in Nigeria. Tax is very important and must not be ignored by any entrepreneur who wants to succeed and grow his/her…

TAX TIPS & FACTS

TAX TIPS & FACTS

Value Added Tax – What supplies are liable to VAT in Nigeria? Many people have been asking me many questions about VAT in Nigeria since the last article.  It is necessary for every citizen to understand the basic principles of…

TAX TIPS & FACTS

TAX TIPS & FACTS

Value Added Tax (VAT) What is Value Added Tax – VAT? VAT is a Tax on goods and services.  It is paid by the buyer to the registered seller who remits the tax to the tax authorities.  The tax is…

TAX AND KEEPING ACCURATE RECORDS

TAX AND KEEPING ACCURATE RECORDS

As a Business Owner, if you want to save yourself from heavy tax liabilities you must keep accurate business records. Many business owners pay excessive taxes just because they did not operate a system that allowed them to keep track…

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