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01 Feb 2016
In this report we formulate the ways in which corruption impacts the Nigerian economy over time and estimate the impact of corruption on Nigerian GDP, using empirical literature and PwC analysis.
26 Jan 2016
Going forward, aggressive tax avoidance will become the new tax evasion. Tax planning will therefore be tempered with low appetite for risk especially reputational damage while the debate on tax morality will intensify.
26 Jan 2016
The process of splitting the moribund Petroleum Industry Bill (PIB) started with the draft Petroleum Industry Governance and Institutional Framework (PIGIF) Bill.
07 Jan 2016
A survey conducted by PwC during a recent tax stakeholders' event revealed that sixty percent of taxpayers consider withholding tax as the most complex aspect of tax compliance in Nigeria
06 Jan 2016
Nigeria paints a slightly different picture in terms of the Challenges experienced in the Power industry compared to the rest of Africa
14 Dec 2015
Join our monthly knowledge and experience sharing forum on tax matters, designed to provide a platform for learning and exchange of ideas on practical tax issues.
02 Dec 2015
This newsletter highlights some of the IFRS hot topics currently affecting organisations operating in Nigeria.
20 Nov 2015
In all the publicized cases where the tax strategies of multinational companies have been called into question, transfer pricing is usually presented as the main culprit. The allegations are typically that these multinational companies have shifted profits (using transfer mispricing) from the countries where the business revenues are generated(and therefore avoided tax) to other countries where they will pay little or no tax.There are other risks which a business can influence. One of these is reputational risk. Reputational risk is the risk that a business will lose revenue or incur significant costs as a result of damages to its public image.
02 Nov 2015
Nigerian government depends largely on revenue from oil and gas. Changes have been proposed to drive economic growth, attract investment and diversify the economy (with more focus on the non-oil sector including Agriculture, Mining, Manufacturing and promotion of capital projects and infrastructure).
28 Oct 2015
Nigeria has the potential to become the hub of Africa's automotive industry. Home to an estimated 170 million people, over 40 million of who are in the growing middle class, the continent's largest economy is increasingly seen as an attractive destination for investors across all sectors.