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Showing posts from July, 2017

TRANSFER PRICING METHODS

There are different methods of pricing goods and services for the purpose of determining appropriate price.    some of the methods are highlighted below. 1.Cost plus margin. 2.Cost plus markup. 3.Comparable price method. 4.Profit split method. 5.Cost contributory method. 6.Expected cashflow method from asset/invention. 7.Advance pricing agreement. Sometimes it becomes more difficult to price a product or services. For example pricing invention is more difficult to do. However there are legal requirements for pricing goods and services for tax purposes as specified by different countries. For more information call us  +2348067922530 Disclaimer : Obi Azubuike is not by this publication acting as a professional advisers and therefore not liable to any  damage whatsoever for your acting or refraining to act based on  this publication. Consult your professional for advice.  copyright(c) 2016-Obi Azubuike

MANAGING THE RISK OF VOLUNTARY INCOME & ASSET DECLARATION SCHEME(VIADS)

Managing tax risk  associated with VIADS  is crucial in the present nigeria condition with the recent executive order on voluntary declaration of income and assets for tax purposes with waiver of interest and penalty.This incentive which must be taken within a period of 9 months from 1st of july 2017 after which aggressive enforcement of tax laws will commence. Managing of risk of the scheme includes managing the risk of cash flow involve. For more information call  +2348067922530 Disclaimer : Obi Azubuike is not by this publication acting as a professional advisers and therefore not liable to any  damage whatsoever for your acting or refraining to act based on  this publication. Consult your professional for advice.  copyright(c) 2016-Obi Azubuike