Tag Archives | taxation

Relief to Government Entities as VAT exemption is enhanced on local supplies

Relief to Government Entities as VAT exemption is enhanced on supplies!






Since the passing of the Government budget and Finance Act 2017, which came into force […]

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Federal Government of Nigeria launches tax amnesty






The Acting President of the Federal Republic of Nigeria, Prof. Yemi Osinbajo, on 29 June […]

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Emerging Trends in Remuneration Practices in Nigeria






Developing a better understanding of cost optimization, while repositioning for future opportunities, has become a […]

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Transfer Pricing

KPMG Nigeria’s Tax and People Services Business Brochure






KPMG Tax & People Services Business School offers a variety of training programmes aimed at […]

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Transfer Pricing

Key Considerations for Transfer Pricing Risk Exposure Assessment in Nigeria






The Federal Inland Revenue Service (FIRS) is paying a lot of attention to revenue generation […]

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Transfer Pricing

Tax Inspectors Without Borders and Matters Arising for Nigeria Tax Audit Process






Recently the Organization for Economic Cooperation and Development (OECD) announced that it will commence a […]

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Electricity in Africa

Tax Alert – TAT ruling on the case between StarDeep Water Petroleum Limited and Lagos State Internal Revenue Service






The Tax Appeal Tribunal (“the Tribunal”), sitting in Lagos, recently ruled in favour of StarDeep […]

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VAT

Applicability of VAT to Services Provided Outside Nigeria by a Non-resident Company






The Tax Appeal Tribunal (TAT or “the Tribunal”) sitting in Lagos recently ruled in favour […]

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TRMS

Tax risk management needs higher prevalence in the boardroom






The reality is that in today’s operating business landscape more companies – especially indigenous companies […]

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Electricity in Africa

Nigerian Transfer Pricing Regulations: Any Safe Harbour?






By Victor Adegite – ACA, ACTI Background The Nigerian Transfer Pricing (TP) Regulations officially known […]

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Key findings from the 2014 Africa CFO Survey

IFRS 15- How will your top line be affected?











The new revenue standard IFRS 15 was released on 28 May 2014. The publication of this new standard is one of the most significant accounting developments of the decade. It is likely that this standard will affect the way companies account for revenue.

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Africa Brief: Violence in Egypt knocks markets, Ghana’s consumer price inflation, oil thieves in Nigeria and more











Egyptian shares have slumped after police moved to disperse two anti- government sit-ins in Cairo, leaving at least 13 dead. The benchmark EGX 30 index retreated 1.1 percent to 5585.12 at 11.11am in Cairo. The death toll reported by the Health Ministry was disputed by the Muslim Brotherhood, which claims hundreds were killed by security forces…

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Africa’s economic prospects according to the IMF

Algeria Oil Reserves











Algeria presents one of the largest oil and gas opportunities in Africa. Algeria is extremely reliant on its hydrocarbon sector, as it accounts for almost 40% of GDP, 98% of exports and 70% of fiscal revenuesAccording to the US EIA, Algeria had an estimated 12.2 billion barrels of proven oil reserves at the end of 2012 – the third biggest in Africa. That said, Algeria’s full hydrocarbon potential still has to be reliably established.

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Africa Focus: Mozambique discovers its way to being Africa’s power house

Increased R&D spend in the ENR sector will help drive SA’s economy











While the world may have seen tougher economic times, it can be said that the South African economy was not previously as connected and global in impact as now. The South African economy is primarily resource-driven and there is a marked impact when the energy and natural resources (ENR) sector does not perform well.

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Africa Brief: Burger King in Africa, Ethiopia’s Nile dam talks, Kenya’s economic expansion and more











Not so long ago, for luxury goods retailers the African mar­ket boiled down to a tiny elite, in some cases just a corrupt ruling clique. Not anymore. Although mil­lions of Africans remain stuck in crushing poverty, disposable incomes are on the up. Luxury firms like LVMH, which makes Moet and Hennessy luxury drinks as well as Louis Vuitton handbags, are targeting the burgeoning ranks of what South African retailers call “black diamonds “, or affluent African professionals.

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South Africa Mauritius DTA – Key features of the new treaty











South Africa and Mauritius have concluded a new double tax agreement (“DTA”) on 17 May 2013. Depending on how quickly the final processes can be implemented, the new DTA may come into effect as soon as 1 January 2014. We summarise below some of the key features of the new treaty.

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Annual long-term insurance industry update











KPMG is hosting its annual long-term insurance industry update event on Thursday 6 June 2013. The update involves, taking a look at the most topical developments currently affecting the long-term insurance industry. The course is aimed at financial directors and managers, risk and compliance officers, internal auditors and audit committee members.

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The REACT experience: Renewable Energy and Adaptation to Climate Change Technologies











The Africa Enterprise Challenge Fund has challenged private businesses to do just that. Its Renewable Energy and Adaptation to Climate Change Technologies (REACT) funding window calls for businesses to propose and test out innovative models …

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