CMB workshop on tax matters, company development holds today

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In line with its dedication to deepen the capability and development of services in Nigeria, especially Little and Medium Scale Enterprises (SMEs), First City Monolith Bank (FCMB) will host a workshop on tax matters in Lagos today.

The workshop, tagged, “Tax Enforcement and Ramifications on Services in Nigeria”, is focused on gearing up business owners with requisite understanding on tax by promoting the exchange of concepts in between tax regulators and services on existing and emerging tax matters to make sure compliance and prevent sanctions.

Bad roadways, inadequate funds, illiteracy, bane of Nigeria’s SMEs( Opens in a brand-new web browser tab).

The one-day workshop would have in presence SMEs running in different sectors, consisting of, trading, production, agribusiness, renewable resource, innovative market, digital innovation, health care, schools and people running services in their individual names or accounts.

The Visitor Speaker is the Director of Enforcement, Federal Inland Profits Service (FIRS), Mr. Emeka Obiagwu.In a declaration, FCMB stated topical concerns connecting to the nation’s tax system and laws along with other financial policies that effect on the success and total success of services would be gone over at the workshop.

Mrs. Bukola Smith, Executive Director, Company Advancement, FCMB, repeated the dedication of the bank to go above and beyond to empower services with appropriate technical and monetary knowledge that would enhance their efficiency and contribution to nationwide advancement.

tax sign.

The declaration included that it would likewise offer a chance for business owners to comprehend their rights and duties, specifically as relates to taxes, such as keeping tax and worth included tax, to name a few.

” As the characteristics of tax continues to alter in Nigeria, we identify that numerous services, specifically SMEs, in the nation are not geared up with the requisite details and understanding to release their duties in this location properly. It is based upon this truth that we chose to arrange a workshop on tax matters, which will go a long method towards assisting SMEs to comprehend tax and the procedures included much better,” she stated.

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