Kpmgng

Attitudes to tax are changing. Organizations of all sizes are ever more exposed to new trends in tax regulation, not just locally but globally.
KPMG is at the forefront of an evolving tax landscape
As a leading tax network, we believe that we – as individual tax professionals have a duty to engage in the discussion and debate surrounding Tax Transparency and Responsibility. As the tax strategies of multinationals and domestic companies continue to be examined by both tax authorities and the public alike, we work with our clients to develop tax strategies that are fit for purpose in the tax

The Financial Reporting Council of Nigeria (FRCN) issued a Public Notice today, 5 August 2019, revoking its “Rule 4” titled “Transactions requiring registration from statutory bodies such as the National Office for Technology Acquisition and Promotion”.
The revocation became effective on 11 July 2019 and would apply prospectively.
Rule 4 provided that transactions that require the approval of, and or registration with, a statutory body in Nigeria would have financial reporting implication only when the relevant regulatory approval is obtained and or registration is completed. Consequently,

Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme
His Excellency, President Muhammadu Buhari, GCFR, on 25 January 2019, signed the Executive Order No. 007 on Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme (“the Scheme”). The Scheme is for a period of 10 years from its commencement date.
The Scheme is a public-private partnership intervention that enables the Federal Government of Nigeria (FGN) to leverage private sector capital and efficiency for the construction, refurbishment and maintenance of critical road infrastructure in ke

There is no doubt that COVID-19 has impacted customer behaviours. Many of these behaviours were already present and have been accelerated but some new and unfamiliar patterns have risen due to the new reality of life. In just a few months, customers have made fundamental shifts in what they value, their beliefs and needs. Our research reveals that in the Nigerian banking industry, more customers today are comfortable using digital channels for banking activities, spend less of their income and increasingly demand security of digital transactions. While it is uncertain how much of these change

Helping your organisation overcome complex cyber security challenges in an increasingly technology-driven environment.
Organisations are subject to increasing amounts of legislative, corporate and regulatory requirements to show that they are managing and protecting their information appropriately. Simultaneously, the threats from cyber criminals and hacktivists are growing in scale and sophistication.
Organisations are increasingly vulnerable as a result of technological advances and changing business practices including the internet of things, wearable technology, big data, cloud computin

Boye Ademola, Partner & Lead, Digital Transformation, KPMG Africa, in his overview of the event, said “At KPMG, we believe one of the enduring responses to the pandemic now and post-COVID19 is Digital. In simple terms, banks need to urgently scale up on capabilities to deliver products and services via digital channels. It is in this light that we have performed a series of user journey-centered assessments culminating in the Digital Channels Scorecard for retail banks in Nigeria. The Scorecard provides an industry perspective of how effective banks are in delivering products and services to

KPMG Business Services (KBS) meets the increasing needs of our clients for outsourcing their non-core business functions.
KPMG Business Services in Nigeria (KBS) meets the increasing needs of our clients for outsourcing their non-core business functions. KBS relieves our clients of the burden of dealing with regulatory agencies to enable them to focus on their core business. KBS’s suite of services includes:
Immigration
We advise our clients on their immigration compliance requirements and assist them to obtain appropriate visas to visit, live and work in Nigeria.
Our service offerings in

The COVID-19 pandemic has necessitated a change in the way people live, work and engage with service providers. As we shift from short-term responses to the COVID-19 challenge to a new way of life, it is imperative for banks to be able to deliver their products and services digitally.
It is against this background that KPMG has completed a Digital Channels Scorecard for retail banks in Nigeria which provides insights on user experience and capability of digital channels to deliver products and services end-to-end without the need to visit the bank’s branch.
The webinar, themed Leveraging Su

We provide advisory and compliance services on the regulatory framework for doing business in Nigeria

Our service offerings include:

Start-up compliance involving incorporation of companies and registration of foreign enterprises

Liaison with regulatory agencies to obtain industry operating licences, and permits, etc.

Corporate secretarial services

Company liquidation and divestitures

Trade mark registration

Resolution of foreign exchange control issues

Structuring of commercial agreements

Registration of limited partnerships and private equity funds

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Internal audit risk & compliance services
How KPMG member firms can help
KPMG’s Internal Audit Risk & Compliance Services (IARCS) deploys multidisciplinary teams of professionals experienced in financial and operational internal auditing, IT, fraud analytics and risk assessment, shared services, finance management, treasury and financial instruments, and the supply chain to augment and enhance an organizations’ existing internal audit capabilities.
It works to make internal audit functions, enterprise risk management programs, and risk and controls management more efficient and effective.

The Financial Reporting Council (FRC) of Nigeria recently released the Nigerian Code of Corporate Governance (‘the Code”) on January 15, 2019. The Code highlights key principles that seeks to institutionalise corporate governance best practices in Nigerian companies.

KPMG recognises that good corporate governance is a key driver in the establishment of sustainable enterprise. Alignment with leading corporate governance practices will guide companies in establishing a framework of processes and attitudes that increases their value, builds their reputation and ensures their long term prosper

Our strategy in Nigeria is driven by Government’s key priorities and pressing issues. These issues include the fight against corruption, poverty, ensuring job creation, infrastructure development and improved service delivery.

At KPMG, we aim to tailor and design methodologies for the public sector, working towards a common goal of strategic thinking, operational service delivery and performance enhancement. In addition, we want to play a role in stimulating interactive public and private sector collaboration for the common good of Nigeria.

By adopting this approach, we are able to help

Our insurance practice comprise multi-disciplinary teams, led by senior partners with extensive experience.

Today’s insurers face a wide range of complex challenges, from navigating financial market uncertainty and evolving consumer demands to outpacing digitally savvy new competitors. While these factors may add new risk, they also present opportunities for insurers, reinsurers, and brokers, to rethink strategy, redesign financial and capital models, revamp sales, service and support processes with technology, or explore new growth in emerging markets or through product innovation.

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