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 ...
doi:10.4314/IJAH.V2I4EA AkhidimeER AbusonwanAkhidime, E. A. & Abusonwan, E.R. (2013). Nigeria Personal Income Tax (Amendment) Act 2011: Implications for Tax Administration and Enforcement. International Journal of Arts and Humanities. 2(4), 217-232....
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 ...
Personal Income Tax Act (PITA) a. Insurance company premiums Section 33 of the PITA was amended to provide that premiums an individual paid to an insurance company for insurance or contracts for a deferred annuity on his/her life or the life of his/her spouse, during the year preceding the...
Finance Act 2021. Personal Income Tax Act, Chapter P8, LFN 2004 (as amended by the Personal Income Tax (Amendment) Act 2011). Discrimination against Persons with Disabilities (Prohibition) Act 2018. Lagos State Special Peoples Law 2011.
Personal Income Tax: A tax payable by all individuals and registered businesses and partnerships except those registered under Part A of Companies and Allied Matters Act 1990. Its rate is between 7% & 24% Education Tax: A tax chargeable on all companies registered in Nigeria at 2% of chargeable...
Effective from January 1, 2024, the treaty applies to various taxes like Personal Income Tax, Companies Income Tax, and Petroleum Profits Tax, Capital Gains Tax, Tertiary Education Tax, and National Information Technology Development Levy.
on1948Britishtaxlawsandhavebeenmainlystaticsinceenactment.TheneedtotaxpersonalincomesthroughoutthecountrypromptedtheIncomeTaxManagementAct(ITMA)of1961.InNigeria,personalincometax(PIT)forsalariedemploymentisbasedona‘payasyou earn’ (PAYE) system, and several amendments have been made to the 1961 ITMA Act....
collection. This is a legacy from the pre-independence government. Based on 1948 British tax laws and have been mainly static since enactment. The need to tax personal incomes throughout the country prompted the Income Tax Management Act (ITMA) of 1961. In Nigeria, personal income tax (PIT)...
www.pwc.com/ng Tax Data Card Nigeria - 2022 Click to launch March 2022 CATogableneofntednats Taxes on income and gains Capital Gains Tax (CGT) Companies Income Tax (CIT) Information Technology Tax Personal Income Tax Petroleum Industry Act (PIA) Petroleum Profits Tax (PPT) Tertiary Education...