Tag: PwC

Nigerian businesses to face worse economic conditions - PwC
Economy

Nigerian businesses to face worse economic conditions – PwC

PwC Nigeria’s financial analysts predicted that the effects of the government’s most recent economic changes will result in increased business expenses and decreased revenue for Nigerian companies. Nairametrics reported that the analysts who made this claim in a paper titled “Nigeria Economic Outlook” claimed that the medium-term real economic growth may be slowed by ongoing inflationary […]

Market vendors to receive VAT exemptions under FIRS-MATAN initiative
Business

Market vendors to receive VAT exemptions under FIRS-MATAN initiative

PwC’s Fiscal Policy Partner and Africa Tax Leader, Mr. Taiwo Oyedele, has revealed that market vendors participating in the VAT Direct Initiative will be excluded from paying VAT if their company has a turnover of less than N25 million. According to Nairametrics, he revealed this on Tuesday while speaking about the new Value Added Taxes effort between […]

Business

PwC work halted by $77bn Australian pension fund 

The fourth-largest pension fund in Australia, UniSuper has halted new business with PwC Australia on Tuesday, becoming the most recent fund to do so following a scandal involving the abuse of government tax schemes that initially broke in January. The move by UniSuper, which manages A$115 billion ($77 billion), means that five of Australia’s top pension […]

PwC Australia names staff responsible for tax plan leak
News

PwC Australia names staff responsible for tax plan leak

PricewaterhouseCoopers Australia has listed at least 67 current and former employees involved in the leak of classified government tax plans in an unpublished letter to legislators ahead of parliamentary hearings later this week. Aljazeera reported that one of the “big four” audit and advisory firms in the world, PwC, is battling to contain the fallout […]

PWC
Business

UK fines PwC $8.9m over audit breaches

PricewaterhouseCoopers, also known as PwC, gets a fine of $8.9 million from UK’s regulatory body over “serious breaches” discovered in Babcock International’s audits. Reuters reported that the Financial Reporting Council said the fine is the penalties related to the multinational’s audits failure of Babcock’s accounts up to the end of March 2017 and 2018. There […]