Tag Archives: taxation

Is real estate a good investment? With the right set of knowledge and skill, It certainly can be. I’ve seen many people secure a comfortable lifestyle by building a portfolio of real estate, and I’ve seen others lose their shirt, and everything else to go with it. It takes knowledge, skill, intuition, and guts to invest in real estate. If ...

According to Jide Babalola of The Nation, business firms are moving out of Abuja, but if the authorities can reduce the taxes, and boost power supply and security, among other measures, investors will reconsider their stance. Unnecessary friction between government agencies, corruption and multiple taxation by Federal Capital Territory (FCT) agencies are major reasons why Nigerian and international investors and ...

“The Lagos State Government is brainstorming with stakeholders in the business environment to harmonise tax collection system in a bid to nip multiple taxation in the bud.”- PM News Issues, such as multiplicity of taxes, rates, illegal levies, harassment of citizens by revenue officers, especially by local governments, among others were brought to the front burner for discuss. Commissioner for ...

Correspondent of Nigeria Real Estate Hub, Esther Adeniyi, had an interview with Professor Teju Somorin, immediate past President of Chartered Institute of Taxation of Nigeria, (CITN) on taxation, and multiplicity of taxes, policy reversals, tax evasion and the role of the government. Below are excerpts from the interview session. NREH: Would you please introduce yourself ma? Prof. Teju: I am Professor Teju Somorin. Until the ...

“Real estate tax figures are not in tune with reality. The government would spend less time chasing people and make more money if the tax rates are reasonable and realistic. All these charges make it expensive to transact in real estate. Prices of real estate properties are high because of all the high tax charges” – Mr Chudi Ubosi, Principal ...