CashdownNG:
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this is what happens when etisalat gives free mb and the person is probably a minor..

any dumb as.s knows that tax shelters and evasions are two different things or did she say how to evade taxes in Nigeria?

Chai!! no wonder we have a country like this, we no dey read at all;!!!!

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fourtuna:

Please understand this carefully.

Tax Avoidance is Legal while Tax Evasion is illegal. Where u arrange your affairs with a view of minimizing your tax it is called Tax Avoidance whereas where you deliberately avoid paying your tax obligation, you have committed a crime by evading tax and can be prosecuted.

So if u can use the loopholes in the taxing statutes to your own benefit with the aid of a Tax Consultant/ Lawyer, you are safe.

^^^

Good thread OP.

What do tax consultants/lawyers typically charge? (Very broad question, I know). Quite a number of small businesses are struggling to make an impact in the market so engaging a tax consultant may seem like a burden too heavy to bear. It is a tough call to make - some small businesses just try to figure things out on their own.

I am all for people getting themselves educated. I am not an accountant/lawyer but I have made educating myself on these matters a priority. Any tips to share? For example are there any tax avoidance measures to take when buying office equipment or hardware of any kind? What other areas apart from the WHT issue you explained can provide tax relief to SMEs? In deciding what bank accounts to run and whether or not to buy equities in the name of the enterprise - are there any tax implications?

VolvoS60:



^^^

Good thread OP.

What do tax consultants/lawyers typically charge? (Very broad question, I know). Quite a number of small businesses are struggling to make an impact in the market so engaging a tax consultant may seem like a burden too heavy to bear. It is a tough call to make - some small businesses just try to figure things out on their own.

I am all for people getting themselves educated. I am not an accountant/lawyer but I have made educating myself on these matters a priority. Any tips to share? For example are there any tax avoidance measures to take when buying office equipment or hardware of any kind? What other areas apart from the WHT issue you explained can provide tax relief to SMEs? In deciding what bank accounts to run and whether or not to buy equities in the name of the enterprise - are there any tax implications?

when it comes to charges,its between the tax consultant and the tax payer. Charges can be from N20,000 and above.
Pertaining to the questions posed to mi by you, you can contact mi through camelotchambers@gmail.com for more info on tax issues.
Best Regards.

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