Ghana Has 7.9 Million Taxpayers Registered, Only 1.5 Million Pay Tax. The Ministry of Finance in Ghana has recently revealed that of the 7.9 million registered taxpayers in Ghana, only about 1.5…
Category: Western Africa
Tax Clearance Now Compulsory For Housing Transactions In Lagos
Tax Clearance Now Compulsory For Housing Transactions In Lagos. The Lagos State Government has mandated tax clearance for all housing transactions. To stop fraud and protect allottees, the Sanwo-Olu-led administration has made…
Nigeria: Kano Market Unions Pocket Cattle Tax
Nigeria: Kano Market Unions Pocket Cattle Tax. Market unions in Kano state impose a ₦500 weekly levy on individual cattle but end up remitting nothing to the state government. Investigations have revealed…
213 Tax Waiver Applications in Nigeria Still Pending Five Years Later
213 Tax Waiver Applications in Nigeria Still Pending Five Years Later. The applications for tax waivers submitted by 213 companies pending for five years after the Nigerian Investment Promotion Commission received them….
Nigeria to Impose 50% Tax on Banks’ FX Gains Under Amended 2023 Finance Act
Nigeria to Impose 50% Tax on Banks’ FX Gains. In a move to bolster national infrastructure and public services, the federal government has proposed a 50% tax on profits realized by banks…
How to Prepare for a Tax Audit: Best Practices in Nigeria
How to Prepare for a Tax Audit: Best Practices in Nigeria. A tax audit is an examination of an organization’s or individual’s tax returns by tax authorities to verify that financial information…
Real Estate Stakeholders in Ghana Oppose 17.5% VAT
Real Estate Stakeholders in Ghana Oppose 17.5% VAT. Stakeholders in Ghana’s Real Estate Sector in a recent communique kicked against the imposition of a 17.5 % Value Added Tax, VAT on the…
Nigeria Temporarily Halts Taxes On Imported Food Items
Nigeria Temporarily Halts Taxes On Imported Food Items. The Nigerian government has temporarily halted the duties, tariffs and taxes on imported maize, husked brown rice, wheat and cowpeas — through land and…
Nigeria To Cancel Tariffs, Excise Duties, VAT on Imported Pharmaceutical Inputs
Nigeria To Cancel Tariffs, Excise Duties, VAT on Imported Pharmaceutical Inputs. The Federal Government has initiated the cancellation of tariffs, excise duties and Value-Added Tax (VAT) on imported pharmaceutical inputs. According to…
Ghana: More Than 30,000 Livelihoods Are on The Line Due To 5% Tax
Ghana: More Than 30,000 Livelihoods Are on The Line Due To 5% Tax. Thousands of workers may lose their jobs in Ghana due to a 5% tax on locally produced plastics. According…