
Omaplex 365: Nigeria 2022 Socio-economic and Technological Outlook Download PDF As with several countries across the globe, Nigeria has had to deal with the many…
Omaplex 365: Nigeria 2022 Socio-economic and Technological Outlook Download PDF As with several countries across the globe, Nigeria has had to deal with the many…
Taxation In E-Commerce Taxation In E-Commerce Previous Next The concept of E-Commerce which is usually interchanged with the term ‘e-business’ is simply the buying and…
Tax compliance is a labour-intensive and time-consuming process, often involving a lot of paper work and professionals, thereby driving up costs. The tax payer would ordinarily collate, prepare, and submit their returns, also calculating and deducting their allowable where applicable, while the tax authorities verify, cleanse, and validate the returns before the process is completed. This process drives up costs and needlessly consumes the time of the taxpayers and the authorities. There’s also the unending battle between taxpayers and authorities in interpreting and applying tax laws, leading to indecision and risks of audits and even litigation.