As the new administrations at federal and state levels fully settle down and begin to strategise on how to deliver social services amid dwindling revenue, real focus is shifting more towards taxation as the veritable source of revenue.
Consequently, we have seen new measures being introduced by tax authorities in Nigeria to raise revenue and unprecedented fines being imposed on corporate entities by various regulators. Coupled with the ongoing developments internationally such as the action plans to prevent "Base Erosion and Profit Shifting", "Tax Inspectors Without Borders", and emphasis on tax transparency including the Country-by-Country Reporting initiative; it is certain that the tax landscape is changing fast.
To address these issues, PwC will organise a stakeholders' event on: "The burden and benefits of tax compliance in Nigeria: Managing the changing tax landscape and preparing for the inevitable taxing times ahead."
We will articulate the recent tax changes in Nigeria, key areas of interest in global initiatives, impending changes and fiscal policy expectations for 2016. We will also present the report of the latest "Paying Taxes Report" by PwC and the World Bank.
Date: Monday 23 November 2015
Venue: Four Points, Lekki, Lagos
Time: 9.00am to 12.30pm
The head of FIRS, Dr. Babatunde Fowler will be our guest along with the Head of LIRS and the Joint Tax Board.
Attendance is free but strictly by invitation. Send a mail to enquiry@ng.pwc.com to request an invitation.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.