Abstract: PROSPECT AND CHALLENGES OF FOREIGN EXCHANGE GAINS AND LOSSES TAXATION
This study explores the prospects and challenges associated with the taxation of foreign exchange gains and losses in Lagos. The objectives are to identify the key tax implications of foreign exchange fluctuations, assess the compliance challenges businesses face, and evaluate strategies for managing tax liabilities. A survey design was employed, with data collected from 250 financial managers and tax professionals, derived using Taro Yamane's formula. A case study of a multinational company operating in Lagos provided comprehensive insights. The reliability coefficient score of the survey instrument was 0.87. Findings indicate that foreign exchange gains and losses present significant tax challenges due to complex regulations and volatile currency markets. Businesses often struggle with compliance and accurate reporting. Recommendations include simplifying tax laws related to foreign exchange, providing clearer guidelines for businesses, and enhancing training for financial managers to improve compliance and tax management.
ABSTRACT
Certain reforms had been put in place to address Nigeria’s quest towards an efficient administration of justice in the cou...
BACKGROUND OF THE STUDY
Social Networking have already tr...
ABSTRACT
Yersinia enterocolitica and Yersinia pseudotuberculosis are important food and water borne pathogens that has recently emerged w...
Abstract:
This research explores the role of forensic accounting in financial statement analysis in Abu...
ABSTRACT
This research work used shea nut (vitellaria paradoxa) shell and cow hoof (bauhinia ungulata) as the reinforcement materials in...
Abstract: THE INFLUENCE OF JOB SATISFACTION ON EMPLOYEE MOTIVATION
Objective: This stu...
Background to the Study
A baby is in the making as soon as conception takes place. Normally, it takes 9...
ABSTRACT
The main purpose of this study is to investigate small and medium scale enterprises in Nigeria...
BACKGROUND OF THE STUDY
People of the same age and ability might be considered to be members of the sam...
ABSTRACT
The effect of feeding bitter leaf and moringa leaf meals based diets under single phase feed regime on growth performance, nutri...