For example, if a payment is exempt from tax for a payee, then it should not be a deductible expense for the payer. Violating these principles generally leads to distortions and inequities. The tax ...

Your gross foreign income and the foreign taxes are reported to you on a payee statement such as Form 1099-DIV or 1099-INT. You elect this procedure for the tax year. If you qualify for an ...

Question: Recently divorced, I am going to have my tax returns prepared for the first time on my own. My ex-husband handled all our finances and I am clueless when it comes to taxes. What information ...

While the government should look out for fraudsters attempting to falsely file and claim tax returns, banks and other ...

It reduces the PAYEE tax for those earning a monthly salary of N1.7 million or less. “Remove VAT on food, healthcare, education, electricity generation and transmission. If you are involved in ...