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By Wale Oyekunle

 

Instagram: @corewelconsult

Phone No.: 2340 803 278 5278

Email: corewelconsulting@yahoo.com

Location: Lagos Nigeria

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Tax Waiver of Penalties and Interest on all outstanding tax Liabilities Announced By Federal Inland Revenue Services (FIRS)

By Wale Oyekunle
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A complete waiver of penalties and interest on all outstanding tax liabilities has been approved by Nigeria's Federal Inland Revenue Service (FIRS), provided that the entire principal is paid by December 31, 2023. According to the agency, the concessions were taken into consideration in recognition of the difficulties encountered by numerous taxpayers in settling their unpaid tax obligations and in accordance with the government's pledge to assist businesses. These concessions are in accordance with Section 32 of the Federal Inland Service (Establishment) Act, LFN 2004 (as amended). According to a statement released by Zack Adedeji, the Executive Chairman of FIRS, if the outstanding uncontested liability is still repaid in full or in part at the end of the one-time concession window, the entire penalty and interest would be reintroduced. According to Section 27(2) of the FIRS Act, failure to comply with a demand made by the FIRS for payment of an unpaid tax, rather than failing...
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By Wale Oyekunle
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  Navigating the CFO Landscape: Mastering Goal Setting and Strategic Planning As Chief Financial Officer, I understand the intricate dance that is goal setting and strategic planning. In the ever-evolving financial landscape, steering the ship toward success requires not just technical prowess but a strategic mindset. Here are insights gleaned from the CFO trenches on overcoming the challenges of goal setting and strategic planning: - Embrace the Power of Vision - SMART Goals, Sharp Outcomes - Leverage Financial Data Insights - Collaborate Across Departments - Agility in Planning - Transparent Communication - Continuous Learning and Development - Lead with Positivity - Tech Integration for Efficiency - Strategic Risk Management Embrace the Power of Vision: At the heart of every successful strategic plan lies a crystal-clear vision. As a CFO, take the time to define not just financial objectives but the broader vision that propels your organization forward. A well-defined vision bec...
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