13 Feb 2019
February 13, 2019

DIRECT ASSESSMENT

Section 41 (1) of the Personal Income Tax Act, Cap P8, LFN 2004 as amended For each year of assessment, a taxable person shall, without notice or demand therefore, file a return of incomes in the prescribed form and containing the prescribed information with the tax authority of the state in which the taxable person.. read more →

04 Feb 2019
February 4, 2019

Relevant Monthly Tax Compliance

This mail is to update your organisation of monthly statutory obligation to relevant tax authority. Our focus of this write up are as follows: • Pay As You Earn (PAYE) – Any salary, wage, fee, allowance or other gain or profit from employment including compensations, bonuses, premiums, benefits or other perquisites allowed, given or granted.. read more →

03 Jan 2019
January 3, 2019

Tax Planning

Managers of business need to factor in relevant tax provision and compliance in its planning at the beginning of every financial year. Nigeria currently have several taxes, some are specific to Federal Government while some are due to both Federal Government and State Government depending on the nature of transaction involved. Compliance could be Annually,.. read more →

12 Dec 2018
December 12, 2018

Vacancy for Audit Trainee

We have opening for the above position in our firm Qualification: OND, AAT or Fresh graduate Age – Audult Sex – Male/ Female Location – Ajah axis of Lagos State. Interested applicant should forward their C.V to info@oluokunadeyemiandco.com Thanks read more →

03 Sep 2018
September 3, 2018

Monthly Tax Compliance

The underlisted compliance are expected from entity operating in Nigeria on Monthly Basis. 1. Pay as you Earn (PAYE). 2. Value Added Tax (VAT) 3. Withholding Tax. (WHT) PAYE – This is to be deducted from staff salary and paid to relevant Internal Revenue Service where the staff is resident on or before 10th of.. read more →

01 May 2018
May 1, 2018

Happy Workers Day

The entire management of Oluokun Adeyemi & Co wish all workers happy workers day. May God reward our labour. read more →

15 Mar 2018
March 15, 2018

Tax Matters

Entities taxable under Nigeria tax lax are expected to make specific returns at regular intervals. Those related to Monthly compliance are summarised below. Paye As You Earn (PAYE) – Every employer of labour is unpaid agent of the government. At the point of paying staff salaries, the employer is expected to deduct PAYE and remit.. read more →

30 May 2017
May 30, 2017

Taxable Income

Taxable Income Taxable income is the portion of total income used to calculate an individual’s or a company’s income tax payable. This is derived after necessary adjustment for allowable and disallow income and expenses for the relevant year of assessment. Profits subject to Nigeria Tax are profit accruing in, derived from, brought into or received.. read more →