MSME Hub Friday Digest

Practical Steps to Effective Tax Compliance!

March 13, 2020

msmehub.org Friday Digest!

Dear ,

Are you a taxpayer? Do you know the taxes you ought to pay as an entrepreneur? Do you know about the new Finance bill?  Please find below a summary of the key changes in the new finance bill, information on some of the taxes you are required to pay as a business owner and practical steps you need to take to be tax compliant.

The Finance Bill 2019 - A Summary of Key Changes

Earlier this year, the Finance Bill was signed into law by President Buhari. As an entrepreneur, here are some of the important changes you should know 

Appeasing the Tax Man: Practical Steps to Effective Tax ComplianceTax-related matters are often difficult to understand for many small business owners. This article by Deloitte Nigeria explains practical steps to know for effective tax compliance.Keep Reading

Tax Administration Automation: Hassle of the taxpayerThe use of technology tools for tax processes and systems helps to identify taxpayers, ease tax payment processes and ensure taxes are remitted to the appropriate treasury. To learn more about tax administration automation Keep Reading

Withholding Tax What You need to KnowOne of the taxes you are required to pay as an entrepreneur is Withholding Tax (WHT). WHT is an advance form of income tax and not an independent type of tax in itself. This article by Deloitte Nigeria explains in details what you need to know about WHTKeep Reading

Sincerely,

Oluchi Johnson-Achibiri

Community Manager, msmehub.org

FATE Foundation

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