MTN Nigeria Communications Plc recently released its report for Q1 2024, which shows that the telecommunications company recorded a loss after tax of N392.7 billion.The company reported a net foreign ...
With the aim of enhancing business facilitation, promoting transparency, and streamlining revenue collection, the Federal government has proposed a plan to decrease the existing 52 taxes to just 10. A...
The Internal Revenue Service of Kaduna state has sealed the three Access Bank branches in Kaduna state following the non-remittance of N249.9 million Pay-As-You-Earn.The Access Bank branches located a...
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) earlier announced that the commission has developed a new software that will help to enhance transparency in generating revenue and sh...
Nigerian Aviation Handling Company (NAHCO) has seen improvements in its tax payments for the first nine months of 2023, also known as Q3 2023.According to the firm's financial statements, NAHCO tax pa...
A Deferred Tax Asset is an accounting term on a firm's balance sheet that is used to illustrate when a firm has overpaid on taxes and is due to some form of tax relief.With de...
This term is commonly used in Europe and in Africa, But in America, is simply called Tax. A VAT, or Value Added Tax is a form of taxation that's applied to all products that are being sold. ...
The Kenyan government has just passed its controversial Finance Bill 2023 into law. This bill was highly disputed by many, but after passing through different stages of readings, it's now signed by Pr...
BET founder Robert James has proposed a tax incentives program for investors who support black-owned businesses. The new program would transform the way black businesses gain access to funding.The Bet...
Deferred Income Tax is an accounting concept which refers to any income which has been earned and accounted for, but has not yet had any tax paid on it.Therefore, this is a liability on the Balance Sh...