Curator

http://ift.tt/2pS41L4 It is trite that around the world, entertainers and sportsmen are some of the highest paid individuals. Their sources of income are vast, ranging from performance and appearance fees to endorsement deals, royalties from image rights, tournament participation fees, etc. These incomes are often earned in multiple jurisdictions, which can potentially make accounting for appropriate taxes complicated. It is thus no surprise that many advanced economies have special tax regimes for such individuals, both resident and non-resident, to ensure that no potential tax revenue is permitted to escape assessment and collection.   Income generated by individual entertainers and sportsmen in Nigeria can be categorised broadly as follows: income earned in Nigeria by resident entertainers and sportsmen e.g. fees earned for local appearances or performances income derived from other jurisdictions by residents e.g. fees earned for international performances income der...