: In case we didn’t notice, Vibranium doesn’t grow in Nigeria. So we have to gather that money!
A Review of the Regulation and Taxation of the Gaming Industry in Nigeria (A Comparative Study) 2 By Oshobugie Irumekhai And Oluwatobiloba Adesemowo
Governmental policy worldwide is what determines whether gaming activities are taxable or not. There is an absence of taxes in respect of gaming activities in jurisdictions where gaming has not been legalized. In other jurisdictions where gaming is legal, taxes are usually imposed on the income derived from gaming activities although this is not always the case as some jurisdictions like the United Kingdom have abolished taxes dealing with gaming activities.
A Review of the Regulation and Taxation of the Gaming Industry in Nigeria (A Comparative Study) By Oshobugie Irumekhai & Oluwatobiloba Adesemowo
The gaming industry in Nigeria is one with enormous potential for revenue generation. However, the prospect of realizing this potential is seriously hindered by the lopsided policies of regulation and taxation in the industry. This study attempts to critically examine the current state of the industry by reviewing the regulatory framework for gaming in Nigeria as well as highlighting the applicable taxes in that industry and juxtaposing with what obtains in advanced jurisdictions.
“You can have a Lord and you can have a King, but the man to fear is the Tax Collector.”
Many of us today still share this sentiment of the Iraqi from almost 4 millennia ago that Tax is a necessary evil. Tax however, has a human face and is founded on important principles.
When asked whether the time for the scheme was rather too short, she explained that “it is a 9 months program that we started on the 1st of July.
former chairman of the NBA Warri branch, Mr. John Aikpokpo-Martins has written a note of warning to the federal government agency, FIRS. This letter was written because of the lawless behaviour of some FIRS officials towards his client’s property when there is already a pending dispute over tax to be paid.
LASACO Assurance Plc has denied owing the Federal Inland Revenue Service outstanding tax liabilities.
Prof Abiola Sanni has reiterated the need for more enlightenment about taxation in Nigeria as tax represents the next major source of revenue for government
The Delta Board of Internal Revenue (DBIR) on Friday sealed 12 companies, hotels and schools in Warri, over tax liabilities.
On Thursday, June 29, 2017, the Acting President, Prof.YemiOsinbajo, signed an Executive Order backing the Voluntary Asset and Income Declaration Scheme (VAIDS) policy.