Browsed by
Tag: Tax Series

COMPANIES INCOME TAX – TAX SERIES BY ENIOLA AKINOSO – SEASON 6

COMPANIES INCOME TAX – TAX SERIES BY ENIOLA AKINOSO – SEASON 6

After profits from all sources are added into the Tax basket, the exempted profits, deductions allowed and all allowances like Capital Allowances, Rural Investment Allowance, etc are removed from the basket. The remaining profits in the Tax basket – Taxable Income, are then subjected to Companies Income Tax rate of 30% in Nigeria.

TAX SERIES BY ENIOLA AKINOSO – SEASON 3

TAX SERIES BY ENIOLA AKINOSO – SEASON 3

TAX SERIES BY ENIOLA – SEASON 3 VOLUNTARY ASSET AND INCOME DECLARATION SCHEME (VAIDS) Episode 1 – Redemption When a Convict on the death row is granted pardon or when an Amputee is given new limbs and can walk again, the only thing that can follow, is overwhelming bliss, a feeling of redemption, a new beginning. That is what VAIDS brings to the table – Redemption, from our Tax iniquities and a new Beginning of Tax compliance. VAIDS is a…

Read More Read More

TAX SERIES BY ENIOLA – SEASON I

TAX SERIES BY ENIOLA – SEASON I

TAX SERIES BY ENIOLA – SEASON 1   Episode 1- Canons of Taxation “You can have a Lord and you can have a King, but the man to fear is the Tax Collector.” Many of us today still share this sentiment of the Iraqi from almost 4 millennia ago that Tax is a necessary evil. Tax however, has a human face and is founded on important principles. Adam Smith in his work ‘Wealth of Nations’, propounded the Principles/Canons of an…

Read More Read More