News

FILING OF RETURNS OF EMOLUMENT PAID TO STAFF IN THE YEAR 2016

Dear Clients and friends, We hereby remind your company Management of the need to file your returns of 2016 gross emoluments paid to your staff along with the tax deductions thereon on Form H1 to your Local Tax Station on or before 31st January 2017.Failure to file the 2016 Returns before 31st January 2017 attracts a penalty of N500,000 in line with Section 81(3) of the Personal Income Tax Act which provides that any employer who contravenes the provisions of this Section shall be liable to a penalty of N500,000 in the case of a body corporate and N50,000 in the case of an individual. In light of the above, we would advise that you urgently forward your 2016 Returns on or before 31st January 2017 to your Local Tax Station in this format: S/N     Name of Staff    Gross Salary     Tax Relief Granted     Tax deducted     Tax Paid 1                                       […]

07 Jan

TAX ADMINISTRATION IN NIGERIA

Dear Clients and friends, It is a new year and we want to share with you the current administration and structure of taxation in Nigeria. Should you have any specific question on any of the issues raised therein, kind direct them (the questions) to partners@habileconsulting.com or use our communication facility on the ‘homepage’ of our […]

02 Jan

How Overconfidence Bias Can Affect Your Trading

Virtually everyone can agree that confidence improves our success rate. When one is confident, they are more likely to take risks or look for opportunities. They can also internalize the belief that they can complete tasks successfully. Thus, confidence is a necessary characteristic that we all strive for, including Forex traders. However, too much of […]

01 Jan

New Year Message to Nigerians from President Buhari

Dear Compatriots, I am happy to welcome you to the beginning of a New Year in our beloved country Nigeria. I felicitate with you today at a time when our nation is witnessing a new and impressive turnaround in our security and socio-economic situation. I know you will join me to, once again, congratulate the […]