Section 81 of Company Income Tax Act, Section 54 of Petroleum Profit Tax Act, Section 73 of Personal Income Tax Act and Section 13 of Value Added Tax Act Persons subject to the Withholding Tax Persons subject to the various tax types may be subject to Withholding Tax deductions for the ...
Section 81 of Company Income Tax Act, Section 54 of Petroleum Profit Tax Act, Section 73 of Personal Income Tax Act and Section 13 of Value Added Tax Act Persons subject to the Withholding Tax Persons subject to the various tax types may be subject to Withholding Tax deductions for the ...
Companies’ Income Tax ActQualifying ExpenditureNigeriaThis paper discusses the implications of capital allowances for companies' income tax purposes in Nigeria. Capital allowance scheme is one of the potentials foSocial Science Electronic Publishing
Prior to the amendment, any offense committed by a company under the Act and for which no specific penalty is prescribed makes the company liable to a fine of NGN10,000 and where the offense relates to failure to submit returns or provide information required by the Service a further penalty...
arguing that it exceeded the prescribed six-year limitation period specified in section 55 of the Personal Income Tax Act ("PITA"). In addition to these objections, the company asserted that OGIRS had unlawfully delegated its responsibilities to a private entity, thereby rendering the assessment in...
Act (PPA) and Fiscal Responsibility Act (FRA). It will not be concerned with issues bordering on the determination of petrol pricing and subsidy. This is worthy of note as the company’s transition to a commercial entity is crucially dependent on a shift to market-based petrol pricing. ...
company’s local operations; a statement showing all profits made in Nigeria; and to provide completed companies income tax (CIT) self‑assessment forms. Those businesses that earn passive income, or have other income on which withholding tax is the final tax, are exempt from these requirements...
International Betting Integrity AssociationThe International Betting Integrity Association is a global company dedicated to maintaining integrity in the betting industry. It aims to combat corruption and protect the integrity of sports teams and leagues. ...
Information Technology Tax: IT Tax is payable by specified companies with turnover of ₦100 million and above. The tax when paid is tax deductible for company income tax purposes. The tax is governed by the National Information Technology Development Act (NITDA) 2007. Indirect Taxes and Duties...
tax incentives and exemption regimes 38 Nigeria Export Processing Zone Act 38 Pioneer Status Exemptions 39 Road Infrastructure Tax Credit Scheme 40 Contact 42 PwC Taxes on Income and Gains CAPITAL GAINS TAX (CGT) CGT is chargeable on capital gains accruing to any person (company or individual) ...