TUNDE OLAOYE
Email:-Address: 52, Vaughan Street, Ebute Meta West, Lagos State
Phone: -
Professional Summary
I’m a tax professional with a solid track record in helping businesses navigate the complex world of tax.
Over the years, I’ve built up experience in everything from compliance and planning to tax advisory,
always with a focus on accuracy, efficiency, and adding real value. I enjoy digging into the details, solving
problems, and making sure tax strategies align with broader business goals. I work well with people across
all levels of an organization and take pride in keeping up with changing tax rules so I can offer clear,
practical advice when it’s needed most.
Work Experience
Deloitte & Touche
Experienced Senior Associate
July 2021 till date
Civic Towers, Lagos
Key activities:
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Tax compliance and reporting
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Assisted upstream oil and gas companies in preparing estimated petroleum profit tax,
hydrocarbon tax and companies income tax returns in line with the provision of the Petroleum
Profit Tax Act (PPTA) and Petroleum Industry Act (PIA) and ensured timely filing with Federal
Inland Revenue Services (FIRS). Also, I ensured monthly revision of the returns due to changes in
price, cost, or volume of crude oil lifted as required by the law.
Assisted various midstream, downstream and oil servicing companies in preparing companies'
income tax (CIT) computations.
Prepared current and deferred tax computations for relevant tax disclosures in companies’
financial statements in compliance with the requirements of IAS 12.
Processing and obtaining tax clearance certificates of various clients
Process withholding tax (WHT) credits with FIRS for a power company to utilize same against its
CIT liabilities
Provided transaction tax compliance services to companies covering value added tax (VAT) and
withholding tax (WHT), advised clients on modalities for remittance of tax liabilities and assisted
in filing the returns with t on or before the due date
Conducted tax health checks on several companies and helped to identify areas of improvement
and implementation of mitigation plans.
Prepared annual Industrial Training Fund (ITF) computation for a major terminal entity in
Nigeria and assisted in filing with the relevant authority before the due date.
Tax advisory
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Provided tax due diligence support, financial model review, and restructuring engagements in
respect of acquisition/disposal of upstream petroleum assets.
Provide opinion on Nigerian regulatory implications of the proposed grant of security over oil and
gas assets for the purchase of shares.
Conducted PIA impact assessment exercise and opinion for an indigenous exploration and
production (E&P) company.
Tunde Olaoye
Email:-Phone: -
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Provided tax advisory opinion on PIA impact assessment exercise for an independent oil and gas
player operating deep-water oil and gas assets.
Provided tax advisory opinion to an upstream company on the interpretation of deferred tax
disclosure and presentation requirements and review of FS in line with the requirements of IAS
12.
Provide opinion to an upstream company on the Capital Gains Tax implication of divestment
transaction.
Provide advisory opinion to an upstream company on tax implication of proposed change of
sponsorship company of funded pension.
Provide tax and regulatory implications of time charter arrangement and the tax regularization
requirements in Nigeria for a non-resident terminal entity.
Provide opinion to a non-resident company on tax implication of its shipping activities in Nigeria.
Tax audit support services
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Represented companies before tax authorities, articulating companies’ position on various issues
while building relationships with tax authority officials and achieved a 90% reduction in the
assessment issued by FIRS in a tax audit exercise
Prepared various tax objection letters in response to FIRS’ tax assessment on companies.
Heirs Energies Limited (Secondment arrangement)
Lagos
Tax Accountant
Victoria Island,
October 2024– February 2025
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Assisted with the monthly filing of VAT, WHT, and National Content Development (NCD) Levy.
Liaised with the company’s tax consultants on behalf of the company
Coordinated the preparation and timely filing of the company’s estimated Petroleum Profit Tax (PPT)
computations.
Coordinated the preparation and timely filing of the company’s annual PAYE with Lagos State
Internal Revenue Service (LIRS)
Preparation of the company’s actual Petroleum Profit Tax (PPT) computations based on the
management accounts.
Represented the company in reconciliation meetings with government agencies including NCDMB,
FIRS, NSITF etc
Process and obtain the company’s TCC
Provided opinion on the impact of the tax bills on the operations of the company
Developed tax efficient optimization model for the company
Midwestern Oil and Gas Company Limited (Secondment arrangement)
Group tax adviser
Lekki, Lagos
November 2022 – March 2023
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Assisted with the monthly filing of VAT, WHT, and National Content Development (NCD) Levy.
Liaised with the company’s tax consultants on behalf of the company.
Process and obtain the company’s TCC
Coordinated the preparation and timely filing of the company’s estimated Petroleum Profit Tax (PPT)
computations.
Tunde Olaoye
Email:-Phone: -
Porter’s World Consult
Associate
January 2021 – May 2021
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Onikan, Lagos
Prepare monthly management accounts of companies
Review and analyse all transactions in the bank statements.
Prepare and file statutory returns – VAT, PAYE, WHT etc
Payroll administration & management
Liaise with external auditors and tax authorities
Supervise remittance of statutory returns –Tax, VAT, PAYE etc
Responding to tax auditors during tax audit exercise
Handle all issues relating to tax queries
IKAAR SERVICES LLP (formerly Ikeyi & Arifayan)
Onikan, Lagos
Experienced Tax Associate
January 2019 to December 2021
• Providing tax support to one of the leading banks in Nigeria in respect matter relating to state taxes
in all the states in south east Nigeria.
• Providing tax support to various local and multinational companies in respect of tax audits being
conducted by FIRS and relevant State Board of Internal Revenue, resulting in cumulative tax savings.
• Providing tax compliance (computation, review, filing and audit support) for several clients, including
the Nigerian subsidiary of the world’s leading enterprise software company and a global leader in the
consumer electronics business.
• Drafting and filing valid objection to any assessment arising from tax audit of clients by tax authorities
• Preparation of financial Statement of various clients.
• Liaise with the statutory auditor on the financial statement prepared on behalf of the clients.
Pricewaterhouse Coopers
Victoria Island, Lagos
Intern – Tax and Regulatory Services
July 2018 – October 2018
• Computation of pensions and PAYE for tax check purpose
• Uploading of PAYE file on Tiger Software
• Preparation of postponement letter for client to the LIRS
• Sending Pension Schedule to the Pension Fund Administrators on a monthly basis
• Performed tax audit
• Responsible for calendar management of a partner.
• Book client meetings with partner.
KPMG
Victoria Island, Lagos
Intern- Technician, Audit Delivery Centre
November 2014 – July 2016
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Worked on various engagements like Abuja Electricity Distribution Plc, Kaduna Refining and
Petrochemical Company, Beloxxi Industries Limited among others.
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Performed background check on new and existing clients.
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Roll-forward of financial statement and management letter.
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Observing inventory counts.
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Tieing amounts of various accounts on the General Ledger to the Trial Balance.
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Preparation of financial statement.
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Preparation of IFRS Disclosure checklist of various clients whose financial statement has been
audited.
Tunde Olaoye
Email:-Phone: -
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Preparation of CAMA checklist of various clients.
Footing, casting and cross referencing of financial statement to the Trial Balance.
Sanitization of General Ledger.
Prepare bank, debtors, creditors and solicitors circularization letter.
Performed audit of low risk accounts such as receivables, cash and bank, prepayments, intangible
assets and many more.
Perform data analysis on companies on the Nigeria Stock Exchange and presented the results to
the partner for decision making.
Independently performed several data analyses on revenue of client so as to minimize the risk of
material misstatement on the caption. This was reviewed by the team lead.
Carried out audit sampling using the firm's audit software and vouched sampled items to
supporting documents of the clients so as to ensure existence and accuracy.
Reviewed minutes of meetings of audit clients.
Reviewed litigation matters of clients.
EDUCATION
Babcock University
Bsc, Accounting (First Class)
Associate Member, Institute of Chartered Accountants of Nigeria (ICAN)
Yaba College of Technology
Higher National Diploma in Accounting (Distinction)
National Diploma in Accounting (Distinction)
Ogun, Nigeria-
May 2019
Lagos, Nigeria
2016 - - 2014
LEADERSHIP AND VOLUNTEER EXPERIENCE
Professional Accountancy Students Society (Yabatech)
Lagos, Nigeria
Volunteered to organise a tutorial for all HND 1 Accounting Students for the course of departmental
society.
SKILLS
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Microsoft Office – Intermediate
Research
Project Management
Problem Solving
Business Writing
Critical and Analytical Thinking
Data Entry
Statutory tax returns preparation
Reference
Available on request
