As a company incorporated in Nigeria, you are required to be registered with the relevant tax authorities for tax purposes. Principal Taxes Companies Income Tax: A tax chargeable on all companies (other than Companies engaged in petroleum operations as defined under the PPTA) registered in Nigeria...
companyandthe“deeming”provisiononlyappliestoNigeriancompanies. ORDER:Appealisallowed.RCNmustonlypaytaxesonthe7%. Case13-2.COOKv.TAIT UnitedStatesSupremeCourt,1924. FACTS:CooklivedinMexicoCityandearnedincomefromproperty locatedthere.TheUStaxassessor(Tait)demandedthatCookpayUStaxes ...
the long-run relationship between company income tax and revenue generation in Nigeria and also to evaluate the effect of major macroeconomic indicators (foreign direct investment, interest rate, corruption perception index, inflation rate, and exchange rate) on company income tax generation in Nigeria...
Profits don’t benefit individuals, and the corporation enjoys special tax exemptions as a result. Each type of corporation has its own set of rules, benefits, and considerations. Choosing the right one for your business depends on a variety of factors, including the size of your company, the...
It is also the failure of the citizenry, either by commission or omission, to accurately declare their income or their refusal to pay tax as and when due. Tax evasion is inversely proportional to tax compliance, which means that if the rate at which the citizens evade tax is high, it ...
In a bid to revamp Nigeria's ailing oil sector, the Nigerian National Petroleum Company Limited (NNPC) has officially commenced the modernization of the Kaduna... Fuel Prices to Plummet as Marketers Embrace Dangote Refinery News AnalysisAgnes Ekebuike-January 4, 2025 ...
The company is based in Nigeria and operates across a number of African countries. Other popular online marketplaces in Nigeria in that year were Jiji (primarily a second-hand trading site) and Konga (general products) (13). Jumia Jiji Konga Most popular categories for online purchases...
Put simply, where the chargeable tax calculated by the company is less than the chargeable tax calculated using the fiscal oil price set by the Commission, the company must pay the difference and the last installment payment is due concurrently with the final installment of the chargeable tax pay...
The total fertility rate in Nigeria decreased by 0.1 children per woman (-1.91 percent) compared to the previous year.
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