Tax Insights on Tax Thursday

Tax Insight 1- The legal structure of your business, as well as its operational structure can make you pay more or less taxes. A tax effective structure ensures you pay minimal taxes.

Tax Insight 2- Declaring under VAIDS? VAIDS does not waiver your statutory compliance requirements, your tax filing requirements remain the same. VAIDS only takes away the attendant penalties.

Tax Insight 3- How you write/ structure your business’ invoices determines the rate of withholding tax your customers may apply. The right wordings on your invoices ensure minimal withholding tax deductions.

Tax Insight 4- When making investments, invest in tax free assets such as government securities, asset-backed securities, shares of pioneer companies, shares of export oriented companies etc.