In this document we discuss; - GDP growth in Q1’ 2016 - Real GDP Growth (2014-2016) - Sector Contributions to GDP Growth 2016 Q1 - Highlights of the Manufacturing and Service sectors and - 2016 Prospects
There is a more fundamental impact that external medical tourism has on the nation -asides the loss of foreign exchange-;"The loss of value for the local healthcare system".
The changing dynamics in Nigeria's economic climate Uncertainty has engulfed the Nigerian economy, and as the government grapples with how best to bring stability to the system, businesses continue to struggle with the challenges being thrown their way on a seemingly daily basis.
The document gives a detailed description of the "BEPS Action 7: Permanent Establishments" and the OECD's plan to limit the ability of Non-Resident Companies (NRC) to artificially avoid tax in foreign countries where they carry on business.
So, why are patients travelling abroad for healthcare? It is tempting to attribute much of this to lack of local facilities, inability to perform procedures locally and high costs charged where services are available. While this is true in some cases, the data might suggest that there is a more fundamental problem that's driving patients to seek care outside Nigeria.
This document aids our understanding of the Contributory Pension Scheme at state level and how PwC can help state governments achieve full compliance
The existing international tax rules assume that you need a certain level of physical presence (an office, a factory, a workshop etc.) in a foreign country before you can make any significant or stable revenues. Once you have this physical presence (otherwise known as a Permanent Establishment or PE for short), you are required to pay tax in the foreign country.
Two key highlights emerged from President Muhammadu Buhari’s week-long visit to China. First was China’s offer of a loan estimated at $6 billion to fund infrastructure projects across the agricultural, solid minerals and industry sectors. Second was the announced currency swap agreement by the Industrial and Commercial Bank of China Limited (ICBC) and the Central Bank of Nigeria (CBN).
Businesses need to put together a programme which will bring more significant cost savings by 'doing with less' and 'doing things differently'.
It is glaring that Nigeria will not be able to sustain her current level of economic growth without enhancing her infrastructure. Investing in infrastructure will drive economic growth, provide jobs, and deliver vital services to the country and the majority of its citizens.