The Nigerian government, through the Federal Inland Revenue Service (FIRS) joined the rest of the world by issuing its transfer pricing regulations known as the Income Tax (Transfer Pricing) Regulation No 1, 2012 with effect from August, 2012.
Before these regulations were issued, the tax authorities relied on a rule-of-thumb approach in determining the arm’s length value of transactions. The regulations cover dealings between connected persons both locally and internationally and require related or connected entities to prove that transactions between them are at arm’s length.
To help our clients and prospective clients in achieving the TP compliance requirements by FIRS, we provide the following Transfer Pricing services:
• Transfer Pricing Planning
• Transfer Pricing Implementation and Monitoring
• Transfer Pricing Documentation and Compliance
• Filing of Transfer Pricing Returns
• Transfer Pricing Audit Management
We are committed to delivering consistent high-quality service to our client. Our service commitment is centered on our most critical objective of performing a high quality consulting services in all engagements.
Additionally, we strive to provide “Quality in Everything We Do” and recognize that service quality extends well beyond just execution. It is driven by the quality of our team and the effectiveness and value of our communications with management.
Our overall service commitment to our client is depicted by the signature characteristics of approach and methodology list.
Our consultation approach on critical issues is proactive and collaborative by including our Professional Practices Group early in the discussions to provide leading technical and industry insights that result in an accurate conclusion for our clients.
We co-develop the deliverables of the assignment with our clients from the planning, budgeting, communication and consultation protocols to the reporting requirements. We co-develop an Assurance calendar with each client to deliver on our Global Promise.
The adherence to standards and best practices in audit and other services is assured by our Quality Review Programme. These include:
• An independent review of work-done;
• Procedures to ensure compliance with quality; and
• Risk management policies.
Planning for retirement is essential to your long-term financial well-being. At Finovate, our experienced team collaborates with you to identify your retirement goals and crafts a tailored, comprehensive strategy to help you achieve them with confidence.
Schedule a 30-minute call with our professional to discuss your goals and how we can help. This phone or Zoom call also outlines who we are and our process.
Meet with our team to gather the necessary data for your Financial Plan. We’ll discuss your finances, lifestyle, and goals, including investments, assets, expenses, and income.
Our advisor will present your personalized financial plan, ensuring it aligns with your evolving needs and goals, and provide clear steps to help you reach your financial objectives.
Your advisor will send a copy of your plan with an actionable list of recommendations. We’ll implement and manage these, keeping you updated.
we specialize in providing independent and specialist support in Statutory Audit and Financial Advisory services to both public and private organizations.
We provide financial management advice on operational and financing structures based on its thorough understanding of costing and management accounting systems.
The Nigerian tax landscape is fraught with a number of statutory and administrative peculiarities that could increase the risk and costs for the non-discerning business.
Sometimes directors of a company are faced with the difficult choice of winding down the affairs of their company, either for the reason of a change in strategy, inability to meet creditors’ obligations or other reasons.
The Nigerian government, through the Federal Inland Revenue Service (FIRS) joined the rest of the world by issuing its transfer pricing regulations known as the Income Tax (Transfer Pricing) Regulation No 1, 2012 with effect from August, 2012
Our services under payroll management are aimed at taking the burden of the payroll function off the chest of our clients so that they are able to focus on their core business activity.
