Statutory filing of returns is provisioned for in sections of 41 (1)-(4) and 81 (1)-(3) of the Personal Income Act (PITAM) as Amended in 2011. Scenario 1: An individual in employment (with no other source of income): section 81 (1) – (3) of PITAM: Section 81 (2) states ‘Every employer shall be required to file
Read MoreVAIDS as a variable tool for increasing states’ Internally Generated Revenue (IGR) By: Francis Chavwuko Okoro, FCA, ACTI Principal Partner, F.C. Okoro & Co. (Chartered Accountants) 59 Hospital Road, Ekpan 08129506733 What is VAIDS The acronym ‘VAIDS’ stands for Voluntary Asset and Income Declaration Scheme. VAIDS was formally launched in Nigeria by the then Acting
Read MoreHave you ever considered the role your mindset plays in how you approach your leadership? Mindset can be defined as the attitudes, beliefs and expectations you hold that act as the foundation of who you are, how you lead and the ways in which you interact with your team. Your mindset: Determines how you think
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